Americans are receiving via direct deposit their first stimulus checks from the Treasury Department sent to help alleviate the economic downturn caused by the COVID-19 pandemic.
“We can confirm that payments are beginning to arrive in some Americans’ accounts,” a senior Treasury official told ABC News. “Treasury and the IRS have worked around the clock to get fast and direct economic assistance to hardworking Americans.
“During the 2008-2009 financial crisis, it took the government several months before the first stimulus payments were issued to the American people. This administration has done it in just two weeks.”
Treasury is working to automatically process payments for Social Security and help retirement recipients who did not file a tax return in 2018 or 2019, according to a statement from the department.
Source: ABC News