Phil Flynn from The Price Futures Group talks about his takeaways from the $2 trillion stimulus package. One of the cornerstones of the Senate coronavirus stimulus package is the direct payment of money from the federal government to American individuals and families.
In the middle of the bill's hundreds of pages are details regarding exactly who can expect to receive money and how much they can expect.
Here is a breakdown. Who is eligible? The bill makes clear that everyone is eligible except for nonresident aliens and those who can be used as the basis for deductions for another person. "Seniors, veterans, the unemployed and low-income Americans would be eligible too," Senate Finance Committee Chairman Chuck Grassley said Wednesday.