Gregory Daco, an economist, shared an article on US President-elect Joe Biden’s $1.9 trillion Covid relief plan which calls for unemployment support, stimulus cheques, and more.
The coronavirus rescue package titled the ‘American Rescue Plan’ has been unveiled to provide resilience to households and businesses till the vaccine is widely distributed across the country.
Some plans the President-elect has called for include direct payments of $1,400 to be provided to most citizens, bringing the total relief to $2,000, allocation of $50bn toward Covid-19 testing, and $20bn towards a national vaccine programme in collaboration with states, tribes, and territories, among others.
According to Biden officials, this is first of the two spending initiatives by Biden which is sought to be implemented during the first two months of his presidency.
The second bill is expected in February and will focus on long-term goals such as climate change, job creation, reforming infrastructure, and combating racial inequalities.
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Meanwhile, The UK Government is again under fire over children going hungry, this time during half term school holidays.