Source:AFP via Getty Images 
May 19, The US Treasury and the IRS have decided to load nearly 4 million prepaid debit cards due to the effect of coronavirus on the economy. The economy is bouncing back. The Economic Impact Payments (EIPs) card changes government cheques and allows recipients to make purchases. Also, people can get cash from ATMs and transfer funds to their personal bank account for free. To this Secretary Steven T. Mnuchin mentioned, the card can be used at “any retail location where Visa is accepted and provides protection against fraud and loss.
“Treasury and the IRS has been working with extraordinary speed to issue Economic Impact Payments to American families. The resume of US business and social life gained pull on Monday and more Americans emerging from coronavirus lockdown were noticed. Meanwhile, on this Monday, a new hope was seen, a potential vaccine for the coronavirus. Hopefully, if everything goes well, the U.S. economy would recover in the second half of the year.
The knowledge regarding, The White House rejected the plan discussed by the senior administration officials came out. To which “President Trump has been clear that while he is in office, the American people can feel secure without a shadow of a doubt that he will completely protect Social Security and Medicare — end of the story, full stop,” reported by a spokesperson.
