New $1,200 Stimulus Checks Coming in August, Mnuchin Says

Steven Mnuchin, U.S. Treasury secretary, arrives before a Senate Small Business Committee hearing on coronavirus relief aid and "Implementation of title I of the CARES Act" in Washington, on June 10, 2020. Al Drago/Pool via Reuters

Americans will see fresh a new round of $1,200 stimulus checks in August, Treasury Secretary Steven Mnuchin told reporters.

The new payments will be based on the same formula as an earlier bill, with people who make $75,000 or less set to receive the full amount. Americans earning over $100,000 won’t qualify for a payment.