The third round of US rescue plan continues to suffer setbacks
The Senate plans to vote on the economic rescue plan on the 25th, but near the vote, several Republican senators asked to modify some provisions, they think that the provisions of the bill on unemployment protection are too generous, which is equivalent to encouraging unemployment in disguise. Lindsey Graham, a Republican senator, said that under the current plan, in his state of South Carolina, unemployment benefits translate hourly wage to $24.07, while the states minimum hourly wage is $7.25, which is equivalent to more unemployment than working income, which will damage the economy.
According to reports, the $2 trillion economic rescue plan mainly includes: providing cash subsidies (US $1200 per person) to Americans who meet income standards; substantially improving unemployment protection, extending unemployment benefits to four months (US $600 per week); providing about US $350 billion in aid loans to small businesses; providing about US $500 billion in aid loans to businesses that suffer heavy losses Money or loan guarantees (e.g. Airlines); about $100 billion in aid for the health system; about $150 billion in financial aid funds for local governments.
According to the White House, the total amount of the third round of US rescue plan has climbed to 6 trillion US dollars. In addition to the $2 trillion economic rescue plan, the Federal Reserve will provide $4 trillion to stabilize financial markets, provide loan guarantee support, and help some hit industries, White House economic adviser kurdrow said Friday. (CCTV reporter Wang Fengzhi)
March 26, 02:30 news:
The US Senate is expected to vote $2 trillion in fiscal stimulus on Wednesday
The U.S. Senate is expected to vote Wednesday on a $2 trillion fiscal stimulus bill. The bill aims to ease the impact of the new crown on the U.S. economy.
The bill includes direct financial support for the health care system, small and medium-sized enterprises and the general public, as well as a $500 billion bill to support industries that have been hit hard. The bill prohibits the money from supporting industries involving members of the federal government, such as the White House and Congress. This means that Trumps holding of related industries, even if impacted, cannot seek financial support.