Biden reveals plan to inject $1.9 trillion stimulus package to U.S. economy

15.01.2021 - Petr Mazaylo
Biden reveals plan to inject $1.9 trillion stimulus package to U.S. economy

In an effort to lift the ailing, virus-battered economy and hasten inoculations, U.S. President-elect Joe Biden officially publicized on Thursday a $1.9 trillion stimulus package.

The stimulus package to be injected into the economy includes $415 billion to boost virus response and hasten inoculations, $1 trillion worth of payout to American households, and around $440 billion for virus-hit small firms and communities.

Moreover, stimulus payment checks would be issued for $1,400 – on top of the $600 checks delivered by the last congressional stimulus legislation. Supplemental unemployment insurance would also increment to $400 a week from $300 a week now and would be extended to September.

The stimulus package is set to roll out as soon as Joe Biden sets foot in his office.

Meanwhile, the Democratic-led House of Representatives voted to impeach Trump on Wednesday, making him the first president in U.S. history to be impeached twice.

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