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5 things to know about $1,200 checks coming amid coronavirus

Business Insider Logo By Joseph Zeballos-Roig of Business Insider | Slide 1 of 6:    The White House and Senate leaders reached an agreement  on a massive $2 trillion federal economic rescue package, the  largest ever assembled in American history.    Upon passage, many Americans will receive $1,200 from  the federal government to bolster their finances.    The government has twice before sent checks to  Americans who had filed tax returns during the Bush  administration.    People earning above certain income levels would not  get the money.       Visit  Business Insider's homepage for more stories.   The White House and Senate leaders reached a deal on a colossal $2 trillion stimulus package to salvage a coronavirus-battered American economy and inject it with cash. It's set to be the largest federal economic rescue legislation in American history.  Under the deal, many Americans will get a check of $1,200 or more from the government in the coming weeks.  "This is not a moment of celebration, but one of necessity," minority leader Senator Chuck Schumer said in the early hours of Wednesday morning. "To all Americans I say, 'Help is on the way.'"  Here are five important things to know.

The White House and Senate leaders reached a deal on a colossal $2 trillion stimulus package to salvage a coronavirus-battered American economy and inject it with cash. It's set to be the largest federal economic rescue legislation in American history.

Under the deal, many Americans will get a check of $1,200 or more from the government in the coming weeks.

"This is not a moment of celebration, but one of necessity," minority leader Senator Chuck Schumer said in the early hours of Wednesday morning. "To all Americans I say, 'Help is on the way.'"

Here are five important things to know.

© AP Photo/Evan Vucci

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