US Senate approves $ 1.9 trillion resolution to face the pandemic
The stimulus will be destined to solve the impact generated by the Covid-19 pandemic
This morning, a new budget resolution for an amount of 1.9 trillion dollars was approved from the US Senate, which will be used to solve the impact generated by the Covid-19 pandemic.
Between Democratic and Republican senators, the proposal will be elevated to the House of Representatives, something that is considered “a gigantic step”, as indicated the head of the Democratic front, Chuck Schuler, in New York.
As specified in the resolution, it authorizes a law to solve the impact of the pandemic by the financial resources requested. The proposal also includes instructions for congressional committees to draft the legislation.
For the distribution of this stimulus, it is planned to grant checks of 1,400 dollars to taxpayers, a weekly unemployment benefit of 400 dollars, and 350,000 million dollars to help state and municipal governments.
An increase in the minimum wage to $ 15 per hour, and more funds for child care, schools and the distribution of vaccines are expected.
K.Villarroel
Source: bancaynegocios
