The US Treasury will stop sending paper checks for federal payments
What happened
The US Treasury is proposing to stop issuing paper checks for almost all federal payments. This means federal agencies will need to switch to electronic payment methods, with very few exceptions.
Why it matters
For decades, many federal payments, like Social Security or tax refunds, have been sent by paper check. This change means the government is pushing hard to move all its financial transactions into the digital realm. It will make it harder for people without bank accounts or internet access to receive federal money.
The signal
Watch for the specific exceptions the Treasury allows for paper checks and how many people are affected by the shift away from physical payments.