Joe Biden announces USD 1.9 trillion coronavirus stimulus plan

Washington: President-elect Joe Biden has announced a USD 1.9 trillion stimulus package for the coronavirus-sapped U.S economy, including direct financial aid to average Americans, support to small businesses and a national vaccination plan.

The relief package includes USD 415 billion focused on combating the COVID-19 pandemic, over USD 1 trillion in direct aid to individuals and families and USD 440 billion in assistance to businesses.

It includes USD 1,400 in additional stimulus cheques to Americans, an extension for key unemployment programmes from mid-March to the end of September and an increase in weekly additional unemployment assistance from USD 300 to USD 400 and increasing the federal minimum wage to USD 15 an hour over time.

Biden's proposal also sets aside USD 20 billion for a national vaccination programme and USD 50 billion to scale up coronavirus testing.

 

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