, or companies with 500 employees or less, will get $367 billion. The firms will be encouraged to maintain payroll, and costs including mortgage interest, rent, and utilities may be forgiven if certain requirements are met.
The Treasury Department will disclose terms for loans made to all firms, while a new inspector general will oversee the offerings.Direct payments to lower- and middle-income Americans will reach $1,200 for each adult and $500 for each child younger than 17.Sums will be delivered through direct deposit if such information was included in individuals' tax returns, and otherwise reach Americans in the form of a mailed check.
Payments will be available for single filers who made less than $75,000 per year and married households taking in less than $150,000. The total amounts paid decline by $5 for every $100 in annual income above the set levels. The Treasury will refer to either 2018 or 2019 tax returns for income information.The payments won't be available for those without social security numbers or for nonresidents.
. Citigroup expects the metric to surge from 281,000 to 4 million as the virus drags economic activity to a snail's pace.'Historically attractive': BlackRock's bond chief who oversees $2.3 trillion told us 5 places to buy the dip as the coronavirus crisis ravages marketsVoter cast ballots at a polling station in El Gallo Restaurant on November 8, 2016 in the Boyle Heights section of Los Angeles, California.
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