On Monday, December 22, 2020, US Congressmen collectively decided
to vote on a relief package of $900 billion. The objective is to aid
millions of small business enterprises and households battling the
Covid_19 pandemic scenario.
As the death toll from the global pandemic is escalating in the middle of
a huge re-emergence of the virus that once more endangers the
economy of the country, both the Democratic and Republican
lawmakers ultimately reached a solution following a vehement
discussion Sunday evening. This ensued following months of intense
argument and hostile deliberation on what to incorporate in the new
stimulus package.
The breakup of this colossal year-end settlement is given below:
1. $166 billion through direct checks
2. $120 billion as additional unemployment aid
3. For small business support – $325 billion
4. Transportation assistance: $45 billion
You can read the full content:
https://www.businessupside.com/2021/01/03/us-congress-decides-to-sanction-900-billion-new-stimulus-package/
The stimulus bill passed by Congress on Monday comes up with abroad variety of aids for both individuals and distressed constituents ofthe US economy, starting from movie theaters to public transportation.On Monday, December 21, 2020, Republican and Democrat lawmakersassembled at the House to release the document of an economicstimulus package of $900 billion along with a $1.4 trillion federalfinancing agreement intended to supply vital pandemic support tomillions of US citizens.
Besides, this second stimulus package 2020 willelaborate the federal agency funds till September 2021.1.
$166 Billion will go out as direct stimulus checks 20202.
$325 Billion for small business aid3.
$45 Billion for transportation aid4.
Supplementary unemployment aid $120 billion5.
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