President Trump of USA on Friday signed the $2.2 trillion (N827 trillion) financial stimulus package to cushion the economic impact of the coronavirus pandemic in the United States. This came hours after the country's House of Representatives approved the bipartisan bill, which the Senate passed on Wednesday.

 Over His Health Status U.S. is currently the hardest-hit country in terms of the COVID-19 infections, accounting for no fewer than 99,000 cases. Under the law, the government will make direct payments totaling $290 billion (N109 trillion) to Americans earning below $99,000 (N37 million) per annum.

 They are expected to get directly get up to $1,200 (N451,000) each, in addition to $500 (N188,000) per child. On Wednesday, a record 3.3 million Americans filed for unemployment benefits amid massive job losses occasioned by the pandemic. The package includes the payment of another $260 billion (N97 trillion) to jobless and laid-off workers for up to four months. 

Saga Small businesses with less than 500 employees and airlines will get a total of $881 billion (N331 trillion) as soft loans to cushion the economic effect of the virus. In brief remarks, after the signing at the White House in Washington, Trump thanked "Democrats and Republicans for coming together and putting America first".
Axact

ANAMBRA UPDATE

Anambra Update is an independent publication, established in 2012 for the purpose of presenting balanced coverage of events, and of promoting the best interests of Anambra and Ndigbo in extention. It owes allegiance to no political party, ethnic community, religious or other interest group. Its primary commitment is to the integrity and sovereignty of the Federation of Nigeria, and beyond that to the unity and sovereignty of Igbo Social-Cultural Race

Post A Comment: