The US Senate is close to approving Biden’s coronavirus support plan

The US Senate is close to approving Biden’s coronavirus support plan

Thursday, 04 March 2021 9:46 PM

(ABM FN-Dow Jones) The US Senate on Thursday approved a process by which President Joe Biden’s bill for the $ 1.9 trillion Corona aid package could be considered.

In the Senate, Democrats and Republicans have equal seats, both 50, and Vice President Kamala Harris was required to act as a “tie-breaker” to pass a motion that could be voted on in the coming days.

Last weekend, the majority of the House of Representatives gave the green light to the US rescue plan. The plan is likely to be approved by the Senate in the coming days, which has been modified at certain points by senators.

After approval by the Senate, this amended proposal will be returned to the House of Representatives, and if approved, Biden can sign it.

The US bailout includes a new round of direct family checks valued at $ 1,400 for every eligible American family member. In December, American households already received $ 600 per person.

In addition, hundreds of billions of dollars have been allocated to safely reopen schools in the United States, increase the implementation of vaccination programs and increase special assistance for the unemployed from $ 300 to $ 400 per week.

ABM Financial News; [email protected]; Revised text: +31 (0) 20 26 28999.