Home / news / Worth $ 900 billion … Trump signs under pressure on the Corona economic stimulus package

Worth $ 900 billion … Trump signs under pressure on the Corona economic stimulus package

Under pressure from lawmakers, outgoing US President Donald Trump signed a new $ 900 billion stimulus plan for the economy, granting subsidies to millions of families and small businesses affected by the Covid-19 pandemic.

According to a White House statement, Trump signed the Federal Agency Funding Act, which will prevent a new government shutdown.

Trump’s signature comes a day after US President-elect Joe Biden warned him of “dire consequences” if he continued to delay the signing of the economic stimulus plan approved by Congress to confront the consequences of the Corona epidemic, indicating the possibility of losing millions of unemployment benefits.

“Trump’s abdication of responsibility by refusing to sign the aid package has dire consequences,” Biden said in a written statement. “Today, nearly 10 million Americans will lose unemployment insurance benefits.”

Biden added that the signing of the aid package is very important, and “The project must be signed now to help the Americans.”

Biden considered that the aid package is a first step, and that the country needs to take more measures early in the new year to revive the economy and contain the epidemic, including meeting the urgent need for funding to distribute the vaccine and increase the ability to conduct tests.

He also said that Trump should add his voice to that of Americans to ensure they have food and housing this holiday season.

Trump last week questioned the long-awaited aid package, asking lawmakers to increase the value of checks sent to the most vulnerable Americans from $ 600 to $ 2,000, a proposal supported by Democrats.

Trump believed that the bill passed by Congress serves the owners of large companies and provides aid to foreign countries instead of helping citizens.

The deadline for the aid that the US government pledged to provide to citizens expired Saturday, and Trump was supposed to sign the plan to extend it to next March.

Trump approved a package worth 2.2 trillion dollars 9 months ago to help individuals and companies cope with the economic slowdown caused by the outbreak of the Corona virus, as that plan met scarce support from both parties in Congress.

Source link

Leave a Reply