Coronavirus: Biden unveils stimulus plan to jump-start US economy | FULL

President-elect Joe Biden unveiled a $1.9-trillion stimulus package proposal on Thursday designed to jump-start the economy and speed up the U.S. response to the coronavirus pandemic.

The proposal includes $415 billion to bolster the response to the virus and the rollout of COVID-19 vaccines, some $1 trillion in direct relief to households, and roughly $440 billion for small businesses and communities particularly hard-hit by the pandemic.

Stimulus payment cheques would be issued for $1,400, topping up the $600 cheques issued under the last congressional stimulus legislation. Supplemental unemployment insurance would also increase to $400 a week from $300 a week now and would be extended to September.

Biden’s plan is meant to kick off his time in office with a large bill that sets his short-term agenda into motion quickly: helping the economy and getting a handle on a virus that has killed more than 385,000 people in the United States.

For more info, please go to https://globalnews.ca/news/7575782/joe-biden-stimulus-plan/

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Source: Global News

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