[ad_1]
Image source,fake images
The poverty rate in the United States has skyrocketed in the past five months.
After months of controversy, the United States Congress finally reached consensus on a $ 900 billion epidemic assistance program. The funds will be used to provide funds for unemployment companies and projects.
This plan will be included in a US $ 1.4 trillion larger spending bill, which will fund various government programs over the next nine months.
At the end of this month, a series of economic aid projects for the new corona epidemic are about to expire.
The new rescue plan is just one step away from implementation.
Approximately 12 million Americans are at risk of losing unemployment protection.
The US House of Representatives and Senate plan to vote on this proposal on Monday. If the vote passes, it will also need to be signed by President Trump to become law.
How to use 900 billion dollars
The new plan will include direct stimulus payments of $ 600 to the vast majority of Americans and a $ 300 increase in weekly unemployment benefits. At the same time, more than US $ 300 billion will be used to help businesses, finance vaccine distribution, help schools and tenants facing dire situations.
The deal was announced by Senate Majority Leader Mitch McConnell on Sunday. “We can finally do the report our country has needed for a long time: more help will emerge,” he said.
Image source,EPA
The deal was announced by Senate Majority Leader McConnell on Sunday.
He said the plan includes “specific policies to help Americans who have been waiting too long and are struggling.”
House Speaker Nancy Pelosi and Senate Democratic Leader Chuck Schumer said this plan “provides urgently needed funds to save the lives of the American people as the virus accelerates.”
Substantial assistance to local governments, which is vital to many Democrats, is not included in this fund. Schumer said this program can indirectly help local governments by funding schools, virus testing and other expenses.
He claimed the plan will “lay the groundwork for the rescue of the new corona virus 2021, rather than build a roof,” and Democrats will push for more help after President-elect Joe Biden takes office on January 20. . The plan is presented.
The United States Congress was originally expected to present this plan on Friday, but related consultations continued on the weekends.
Due to the delay in approving the plan, many people are concerned if the US government will shut down due to the absence of a spending bill. Since October (the beginning of the US federal government fiscal year), Washington has relied on temporary funding to maintain operations.
How is the previous aid plan?
In March of this year, the United States approved a financial aid package of more than US $ 2.4 trillion, which included a personal check for US $ 1,200 to provide business financing and increase weekly benefits. for unemployment at US $ 600
This plan is believed to alleviate the impact of the new corona pandemic on the US economy. More than 20 million people were unemployed in the United States this spring, and the unemployment rate rose to 14.7% in April.
Image source,fake images
Florida citizens lined up to receive donated food.
Since then, the United States has saved about half of the jobs that have been eliminated, but as various plans expired and funds began to run out and the economic recovery slowed, economists and business have been pressuring the government to approve more financial aid programs.
The results of a survey released by the US Chamber of Commerce last Thursday showed that three-quarters of small businesses said they needed the help of the US government to survive.
According to research conducted by the University of Chicago and the University of Notre Dame, the poverty rate in the United States has skyrocketed in the past five months, reaching 11.7% last month, an increase of 2.4 points. percentage since June.
There are currently about 8 million new poor in the United States. This year is the highest number since poverty data was recorded 60 years ago.
The US government’s economic stimulus checks have been issued since April. A report from the JPMorgan Chase Institute showed that since then, the bank balances of many low-income Americans have continued to decline. Without more help, the deposit balance of low-income families will decline faster than that of high-income families.
