United States Congress approves new $ 900,000 million funding package

View of the US Congressional Capitol in Washington. EFE / Gym Lou Scalajo / Archive

The United States Congress approved this Monday with votes favorable to the lower house and Senate’s $ 900,000 million stimulus package. Facing the economic devastation caused by the epidemic.

The Senate gave its approval to defend 91 votes in favor and 7 against the Lower House and 53 against.

An incentive package of 900,000 million to finance the federal administration by September 2021 was included in the spending legislation For a total value of $ 2.3 trillion.

For his final accession, the process of ratification by the outgoing President, Donald Trump, remains.

The most important point of the stimulus package is the payment of $ 600 to all Americans with incomes below $ 75,000 per year. And unemployment benefits $ 300 a week.

Republican Majority Leader of the United States Senate, Mitch McConnell, walks through the Capitol in Washington, December 20, 2020.  EFE / EPA / Michael Reynolds
Republican Majority Leader of the United States Senate, Mitch McConnell, walks through the Capitol in Washington, December 20, 2020. EFE / EPA / Michael Reynolds

These benefits could come into effect next week, as announced by Treasury Secretary Steven Menuchin.

The incentive package includes assistance of 325,000 million to companies (275,000 for payment of payroll), 45,000 million for public transport systems, 82,000 million for schools, 20,000 million for delivery of vaccines against Kovid. -19 Or 13,000 million for meal tickets.

Democrats and Republicans announced the deal Sunday night after months of negotiations to include the bailout in the 2021 spending bill.

Congress started in March, at the start of the epidemic, defending $ 2.2 trillionThe largest in the country’s history, but benefits, including unemployment benefits, have dried up as the months pass.

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Democrats tried to pass a new bailout of more than $ 3 trillion over the summer, but Republicans and the White House have blocked that spending and negotiations have failed several times.

Speaker of the US House of Representatives, Nancy Pelosi, speaks to the press on Capitol Hill, Washington, USA, December 3, 2020 (REUTERS / Tom Brenner)
Speaker of the US House of Representatives, Nancy Pelosi, speaks to the press on Capitol Hill, Washington, USA, December 3, 2020 (REUTERS / Tom Brenner)

The United States President-Elect, Joe Biden, has shown his support for the approval of this $ 900,000 million bailout, though he warns that it is not enough and will require more money when he arrives at the White House in January .

Since the summer season, Democrats and Republicans have also clashed over the global funding of the new aid scheme.The former called for a treaty equivalent to CARES while Republicans wanted to limit it to a maximum of $ 1 trillion.

Democrats were also seeking an aid check for at least $ 1,200, what was ultimately agreed on Sunday.

“It would be fine if (the amount) was higher, but those working on the plan acknowledge that the priority is to help small businesses” to maintain employmentMitt Romney said on Sunday morning.

Helping small businesses is “paramount”, which the Republican senator emphasized.

Washington, United States of America, Capitol Dome Lights on November 17, 2020.  REUTERS / Jonathan Ernst
Washington, United States of America, Capitol Dome Lights on November 17, 2020. REUTERS / Jonathan Ernst

The new plan will also include measures for equal distribution of coronavirus vaccines.

For months, Economists call on Congress to adopt new measures to boost economy recovery. And in the past two weeks, the resurgence of the epidemic has increased applications for unemployment benefits.

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President-elect, Democrat Joe Biden, also did not stop Congress from voting “without delay”.

On Saturday night, Acting President, Republican Donald Trump urged: “Why does the Congress not provide incentive packages to our people? Go ahead and give them more money in direct payment“He wrote on Twitter.

According to estimates by the Fed, the unemployment rate will be 6.7% this year, and next year it will be at 5%. In February, before the effects of the epidemic, unemployment in the United States was 3.5%.

With information from AFP and EFE

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