Fred Business News - The Treasury Department said Friday it sent out more than 15 million economic stimulus payments this week, totaling more than $13.5 billion, in an effort to boost the nation's spending power.
The checks are part of the federal government's plan to reinvigorate the slowing economy by encouraging consumer spending. To date, The treasury has distributed more than 45.4 million stimulus payments, worth a total of $40.8 billion.
Treasury spokesman Andrew DeSouza said the "vast majority" of the stimulus checks will be out by mid-summer, ... more »
