Biden reveals plan to inject $1.9 trillion stimulus package to U.S. economy
In an effort to lift the ailing, virus-battered economy and hasten inoculations, U.S. President-elect Joe Biden officially publicized on Thursday a $1.9 trillion stimulus package.
The stimulus package to be injected into the economy includes $415 billion to boost virus response and hasten inoculations, $1 trillion worth of payout to American households, and around $440 billion for virus-hit small firms and communities.
Moreover, stimulus payment checks would be issued for $1,400 – on top of the $600 checks delivered by the last congressional stimulus legislation. Supplemental unemployment insurance would also increment to $400 a week from $300 a week now and would be extended to September.
The stimulus package is set to roll out as soon as Joe Biden sets foot in his office.
Meanwhile, the Democratic-led House of Representatives voted to impeach Trump on Wednesday, making him the first president in U.S. history to be impeached twice.