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Explained: Joe Biden s Sweeping $1 9tn Stimulus For Pandemic-battered Economy That Costs Nearly 1/10 Of US GDP

by Swarajya Staff - Mar 7, 2021 12:57 PM 46th United States president Joe Biden (Source: Twitter) Snapshot The US Senate approves President Joe Biden s sweeping $1.9 trillion coronavirus relief package after a marathon debate. Under the stimulus bill that is estimated to cost nearly one-tenth of US GDP, $300 in weekly unemployment benefits will be provided till Sept 2021 and a new round of mean-tested direct payments of $1,400 will be made to several Americans The US Senate on Saturday (Mar 6) passed President Joe Biden s sweeping 1.9 trillion coronavirus relief package after a marathon debate that commenced on Friday (Mar 5) and concluded on Saturday morning. The Senate voted 50-49 along partisan political lines to pass the stimulus bill via budget reconciliation rules, which allow a simple majority to approve legislation in place of a filibuster-proof 60-vote threshold.

Joe Biden proposes $1 9 trillion plan to expand coronavirus vaccinations, boost US economy

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