The Internal Revenue Service has begun to distribute stimulus checks

Posted on April 14, 2020

The first checks were delivered via direct deposit on Friday and tens of millions will see them appear in their bank accounts by Wednesday, according to the Treasury Department. 

Some 50 million to 70 million Americans are expected to get their checks via direct deposit by April 15, according to the Treasury Department. 

The government is distributing the checks under a new $2.2 trillion economic recovery package that President Donald Trump signed into law last month.

The checks are designed to provide a cash infusion to most Americans and revive the economy amid the coronavirus crisis. The recovery package also includes loans, grants and tax breaks for businesses also reeling from the economic fallout caused by the pandemic.