The US will allocate 2 trillion dollars to stimulate the economy

The US Senate voted in favor of a bill on large-scale measures to stimulate the American economy to mitigate the effects of the coronavirus pandemic. CNN reported this.

In the upper house, the draft was adopted unanimously — 96 senators supported it, no one opposed it. Now it must be considered in the House of Representatives and US President Donald Trump. The latter has already expressed its readiness to approve new measures to combat the coronavirus.

The $ 2 trillion package includes direct cash payments to Americans, increased unemployment assistance, large investments in the health care system, and loans to companies.
So, $ 250 billion will be allocated for direct payments to citizens, $ 350 billion-for loans for small businesses, $ 250 billion-for unemployment payments and $ 500 billion-for loans to businesses.
Senate democratic leader Chuck Schumer said it was “the largest aid package in American history.” He called this initiative the “Marshall plan” for hospitals and medical needs.

The White House and senators still managed to agree on a financial aid package, after Democrats twice blocked previous options in the Senate on March 22 and 23. Members of the Democratic Party, in particular, pointed out that the measures proposed by the Republicans would benefit mainly companies, not ordinary people.

Before this, the President of the United States Donald Trump signed the law on the defense industry. It allows you to force companies to fulfill orders for the needs of a country that is in an emergency and will be used to fight coronavirus.

According to the latest data, more than 69 thousand cases of coronavirus infection were detected in the United States, and more than 1 thousand people died. Donald Trump because of the situation with COVID-19 temporarily banned entry to the United States from Europe. The US has also suspended issuing visas around the world.

Author: Flyn Braun
Graduated from Cambridge University. Previously, he worked in various diferent news media. Currently, it is a columnist of the us news section in the Free News editors.
Function: Editor