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Jakarta, CNBC Indonesia – The Senate of the United States (USA) approved a stimulus package for the management of Covid-19 and economic recovery worth 1.9 trillion dollars (equivalent to 27.335 trillion rupees at an exchange rate Rs 14,386 / US $) proposed by the President’s administration. Joe Biden, Saturday (3/6/2021) local time. This is the CNBC International report quoted on Sunday (3/7/2021).
The results of the vote on the stimulus package showed a result of 50-49, a dramatic result given that Republicans question the expansion of the package.
Following this, the Democratic-controlled Congress will approve the package on Tuesday (9/3/2021) local time. After that, an authorization will be sent to Biden to be signed before the March 14, 2021 deadline to renew the old aid program.
As an example, the regulation includes direct assistance to the community of up to US $ 1,400 (equivalent to Rp. 20.1 million), unemployment assistance for a value of US $ 300 (equivalent to Rp. 4.3 million) and the extension of child taxes to children. for a year. The package also contains funds for the distribution and testing of the Covid-19 vaccine, assistance with rental fees for distressed households, and the cost of opening face-to-face schools.
Senate approval shows that Biden’s first legislative initiative is nearing completion. At a time when the Democratic Party and several economists criticized the scope of the package, Democrats said decisive action was needed to accelerate the economic recovery.
“We will end this terrible plague and travel again and send our children to school. Our job now is to help our country move from a stormy present to a hopeful future,” said Senate Majority Leader Chuck Schumer.
[Gambas:Video CNBC]
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