US plans to give $1000 in cash to adults, $500 to kids amid Covid-19 crisis

The Trump administration is planning to give $1000 per adult and $500 per child in direct money transfer as part of its efforts to help Americans mitigate the economic impact of the coronavirus crisis.

US Treasury Secretary Steven Mnuchin on Thursday told Fox News that the government would transfer cash of $1,000 per adult and $500 per child as part of its massive $1 trillion stimulus package.

The cash transfer plan alone is expected to cost $500 billion.

"So, for a family of four, that's a $3,000 payment. As soon as Congress passes this, we get this out in three weeks. And then