House Passes $1.9 Trillion Covid Stimulus, Sending Bill to Biden's Desk For Signature
Thursday 11 March, 2021 Written by Simon CollyerUS STIMULUS BILL - With House Passage, Congress Clears the Nearly $1.9 Trillion Stimulus Plan. Congress has given final approval on Wednesday to President Biden’s sweeping, nearly $1.9 trillion stimulus package, against Republican opposition. This massively increases social security protection for American citizens as well as stimulating the economy.
By a vote of 220 to 211, the House sent the measure to Mr Biden for his signature, cementing one of the largest injections of federal aid since the Great Depression. It would provide another round of direct payments for Americans, an extension of federal jobless benefits and billions of dollars to distribute coronavirus vaccines and provide relief for schools, states, tribal governments, and small businesses struggling during the pandemic.
The “historic piece of legislation” will be signed on Friday at the White House.
The bill is estimated to slash poverty by a third this year and potentially cut child poverty in half, with expansions of tax credits, food aid and rental and mortgage assistance. It is a bold move designed to overcome the issues the pandemic has created and help get the American economy back on its feet.
Image: President Joe Biden, 46th president of the United States.
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