Headlines
9:59 am
Thu May 8, 2008

Stimulus Checks Ready To Go

Credit photo by Dan Verbeck
U.S. Treasury Secretary Henry Paulson Jr. outlines mechanics of processing economic stimulus checks. He spoke at Kansas City Central Library Thursday.

Kansas CIty, Mo. – The U.S. Treasury Secretary observed the Kansas City printing plant where economic stimulus checks are being produced and predicted a speedup in the operation. Henry Paulson Jr. watched high speed printers working at the Kansas City regional Financial Management Center, then told a gathering at the Central Library the system will be sending out two and a half million checks a week through the end of this month. He said the numbers will rise to nearly 4 million weekly by mid summer, after the IRS is done with its' regular seasonal work. Paulson says the idea for stimulus checks, up to $12 hundred per qualifying family, was born after he was told at a Bruce Watkins Cultural Heritage Center meeting how badly people were faring. That was last year. Paulson was asked if there'll be a second phase of rebates. He says there are no plans for it. Other Treasury printing centers are located in Texas, California and Pennsylvania.