Today a senior Treasury official told ABC News “they could confirm that payments are beginning to arrive in some Americans accounts, and that The Treasury Department and the IRS have worked around the clock to get fast and direct economic assistance to hardworking Americans.”
Those Americans starting to receive via direct deposit are the first stimulus checks from the Treasury Department sent to help alleviate the economic downturn caused by the COVID-19 pandemic.
“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.
Millions more Economic Impact Payments will be issued via direct deposit in the weeks ahead as we issue payments to social security recipients and as other taxpayers provide banking information on the tools provided,” the statement continued. “
For additional information visit our friends at ABC News.