Some Virus Stimulus Checks May Not Arrive Until September
- Drawn-out process could blunt economic impact of huge bill
- Mnuchin says having direct-deposit information on hand helpful
This article is for subscribers only.
Some people counting on $1,200 stimulus checks from the government may not see the money until mid-September, according to a House Ways and Means Committee analysis.
The Internal Revenue Service will begin making about 60 million direct deposit payments in mid-April to the people who have bank account information on file with the agency, according to the analysis sent to lawmakers on Wednesday.