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    Home»Nigeria»Economy»Coronavirus: Joe Biden Announces $1.9trn Stimulus
    Economy

    Coronavirus: Joe Biden Announces $1.9trn Stimulus

    straightnewsng.comBy straightnewsng.comJanuary 15, 2021 --- 11:42 amNo Comments1 Min Read
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    US President-elect Joe Biden has announced a $1.9tn (£1.4 trillion) stimulus plan for the Coronavirus-sapped US economy before he takes office next week.

    If passed by Democrats-dominated Congress, it would include $1 trillion for households, with direct payments of $1,400 to all Americans.

    The relief proposal includes $415 billion to fight the virus and $440 billion for small businesses.

    Mr Biden, a Democrat, has promised to beat the pandemic that has killed more than 385,000 people in the US.

    He campaigned last year vowing to do a better job handling the virus than outgoing President Donald Trump, a Republican.

    The direct payments of $1,400 would come on top of $600 payments provided in a relief bill enacted last month.

    Mr Biden’s proposal comes as a winter surge of the Coronavirus breaks records.

    Each day brings well over 200,000 new cases in the US and the daily death toll sometimes tops 4,000. (BBC NEWS)

     

    Coronavirus Democrats Congress President Donald Trump stimulus plan US economy US President-elect-Joe Biden
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