Unprecedented in volume, the package has been approved against the backdrop of the rapid spread of coronavirus in the USA. The number of infected in the USA is approaching 100 thousand.
The U.S. Congress, in its fight against the economic and social consequences of the pandemic of the new coronavirus SARS-CoV-2, has adopted the largest economic aid package in history, amounting to almost $2 trillion. Following the Senate, this package was approved by the House of Representatives on Friday, March 27. Now the relevant bill must be signed by U.S. President Donald Trump.
The package of emergency measures approved by Congress provides large-scale financial assistance to workers, unemployed, businesses and hospitals. All citizens with annual income below $75,000 will receive a check for $1,200. The size and duration of unemployment payments will be increased.
A $500 billion rescue fund will be created for distressing concerns. Over 350 billion will be allocated to small and medium enterprises. Hospitals and other health care institutions will also receive multi-billion-dollar aid.
The leader in coronavirus infestation
The U.S. is the world’s number one Coronavirus infected. According to the Johns Hopkins University, the U.S. has already confirmed more than 97 thousand cases of infection, including 1475 – with a fatal outcome.
Despite this, Trump is working to mitigate restrictive measures imposed against the pandemic as soon as possible. He cited Catholic Easter as a possible date. Donald Trump had already repeatedly stated that a deep economic crisis due to the idle economy could have more disastrous consequences than the Coronavirus epidemic.