The United States government runs the risk of running out of money this Monday. The decision rests with Trump – The Economic Journal



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The US government is in danger of running out of money as of midnight on Monday, December 28 if Donald Trump materializes the threat of not signing a spending package of 1.8 billion euros that was approved by Congress, reports the agency “Reuters” this Sunday, December 27.

The threat of the president still in office not to sign this package has already led to the closure of an emergency program to support unemployment and may partially stop the US federal government. This package provides 727 billion euros to fight the coronavirus and 1.1 billion euros to maintain regular government operations during the fiscal year.

If Donald Trump does not sign the document, Congress must pass an interim funding bill that the still president will be willing to sign to keep federal agencies running.

If the White House and Congress cannot agree on a spending plan, the consequences could be dramatic for various areas of American society.

In the case of financial aid to combat the pandemic, and according to the country’s legislation, stimulus checks of almost 500 million euros would be distributed to Americans in difficulties. As for vaccines, the government has already bought 400 million doses of Moderna and Pfizer, enough for 200 million people, but it needs additional funds to buy more doses.

US states have received nearly € 280 million from the government to help offset the costs they incurred launching the vaccine, but face a deficit of € 6.5 billion. A shutdown would disrupt Congressional plans to distribute funds to make up for this shortfall.



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