COVID-19: Americans To Get N441,000 Each As Trump Signs Historic $2.2 TRILLION Financial Stimulus Bill - Uju Ayalogu's Blog for News, Reviews, Articles and More

Breaking News

Post Top Ad

Saturday, 28 March 2020

COVID-19: Americans To Get N441,000 Each As Trump Signs Historic $2.2 TRILLION Financial Stimulus Bill

COVID-19: Americans To Get N441,000 Each As Trump Signs Historic $2.2 TRILLION Financial Stimulus Bill

Donald Trump

President Donald Trump on Friday signed the $2.2 trillion (N827 trillion) financial stimulus package to cushion the economic impact of the coronavirus pandemic in the United States.

This came hours after the country’s House of Representatives approved the bipartisan bill, which the Senate passed on Wednesday.

U.S. is currently the hardest-hit country in terms of the COVID-19 infections, accounting for no fewer than 99,000 cases.

Under the law, the government will make direct payments totaling $290 billion (N109 trillion) to Americans earning below $99,000 (N37 million) per annum.

READ ALSO:    COVID-19: “Prepare For Evacuation Flights” – US Tells Citizens In Nigeria

They are expected to get directly get up to $1,200 (N451,000) each, in addition to $500 (N188,000) per child.

On Wednesday, a record 3.3 million Americans filed for unemployment benefits amid massive job losses occasioned by the pandemic.

The package includes the payment of another $260 billion (N97 trillion) to jobless and laid-off workers for up to four months.

Small businesses with less than 500 employees and airlines will get a total of $881 billion (N331 trillion) as soft loans to cushion the economic effect of the virus.

In brief remarks, after the signing at the White House in Washington, Trump thanked “Democrats and Republicans for coming together and putting America first”.

He said the package would pave way for economic recovery in the U.S., adding that the country would have “a tremendous rebound’’.

READ ALSO:    Panic As Police Order Officers, Families To Vacate Barracks

Are you an artiste? Do you want your music to go viral and reach a large number of audience? Promote your music and Submit your story on Ujuayalogusblog.com by clicking here. For Advert Inquiries Tel/+44(0)7590363984

For More:   Subscribe to Ujuayalogusblog.com

Subscribe to Our Posts via Email


Share This

No comments:

Post a comment

Listen to This Beautiful New Talent - Winter Wolf - Singing "What a Waste"


Post Bottom Ad

Pages