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US Senate Adopts $ 1.9 Trillion Stimulus Package

Ukraine / North America / Business and Finance

This plan is based on the program proposed by US President Joe Biden to overcome the economic consequences of the spread of the new coronavirus.

US Senate Adopts $ 1.9 Trillion Stimulus Package

The Senate of the US Congress, during its meeting last Friday, passed a small majority of the stimulus package in the amount of 1.9 trillion dollars, while the votes were almost evenly divided along the party line.

Previously, this bill was approved by the House of Representatives of the Congress. However, in the Senate version, the increase in the minimum wage was removed from the text, and a number of other adjustments were made.

Fifty lawmakers supported the bill, 49 opposed, and Alaska Republican Senator Dan Sullivan did not vote.

The package of measures provides for the allocation of approximately $ 400 billion directly to the fight against the pandemic. About $ 1 trillion dollars should be directed to providing assistance to the population, the rest - to stimulate the economy.

The bill must once again go through the voting procedure in the US House of Representatives /lower house of parliament /, after which the document will go to President Joseph Biden for signature.

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