Trump takes a step back and signs a new stimulus plan for the US economy – The Economic Journal



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Donald Trump signed the $ 2.3 billion ($ 1.9 billion) bill Sunday afternoon at his residence in Mar-a-Lago, Florida, where he is on vacation, the White House confirmed. .

This figure includes the second stimulus plan approved this year, of 900,000 million dollars (737,000 million euros) and 1,400 million dollars (1,150 million euros) to finance the Administration until September 2021.

After five days of refusing to sign the bill and demanding changes, Trump took a step back, apparently to prevent funds for the administration from running out tonight and hundreds of thousands of employees from having their pay suspended.

The President said that, although he is signing the bill, he still hopes that Congress will approve an amendment to the item that contemplates sending a single payment of $ 600 (492 euros) to millions of taxpayers, in response to the economic situation and financial crisis caused by the new coronavirus pandemic.

After his own administration negotiated that amount, Trump demanded to increase the amount to two thousand dollars.

Trump’s change of mind came five days after he threatened to block the bill on Tuesday if it did not change on several points, from increasing direct payments to Americans to reducing foreign aid.

The refusal to sign the law caused two programs that provided unemployment benefits to 10 to 14 million Americans to expire on Sunday, and are now renewed when the law takes effect.

Trump’s blockade has drawn criticism from various members of his party, and had it lasted until January 1, it would have led to the end of the nationwide ban on evictions, which affects some 30 million Americans.

The bailout Trump signed includes $ 300 (246 euros) a week in unemployment benefits, $ 325 billion ($ 266 billion) in aid to businesses (mainly to pay salaries), $ 45 billion (37 billion euros) for public transport systems, 82 billion dollars (67.1 billion euros) for schools and billions for food stamps, tenant assistance and the distribution of vaccines.



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