The US House of Representatives overwhelmingly approved a fiscal stimulus package of more than $ 2 trillion this Friday to try to contain the economic impact of the coronavirus pandemic.

The stimulus plan, which represents around 10% of the US gross domestic product, has already received the green light from the Senate this Thursday, leaving only the signature of US President Donald Trump to go into effect.

Trump has already indicated he will sign the legislation, which has been endorsed by Democrats and Republicans in a rare show of bipartisan support, as soon as it hits his table.

The fiscal stimulus package is triple that implemented in 2009 after the outbreak of the financial crisis, which amounted to $ 700 billion.

The legislation includes an item of nearly $ 250 billion that will be reserved to make direct payments to individuals and families of $ 1,200 for those with an income of less than $ 75,000 a year plus $ 500 for each child under 17 years of age.

In addition, there are 350,000 million in loans for small businesses and another 250,000 million to expand unemployment insurance benefits.

It also awards $ 150 billion to support local and state authorities, and another $ 130 billion to strengthen the health system, which in some places, such as New York State, is beginning to be saturated.

One of the most disputed elements has been the fund of 500,000 million in loans for companies in difficulties, such as the airline, hotel or cruise sectors, since the White House and the Republicans wanted it to be administered exclusively by the Treasure.

After opposition from Democrats, he will finally be subject to the supervision of an independent inspector and carries conditions such as limiting executive pay as well as a ban on the use of bailout funds for share buybacks.

According to the latest data from state authorities, in the US the pandemic has already left more than 85,000 infected and this Friday has exceeded 1,200 deaths.



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