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Today, March 6, the United States Senate approved a stimulus package worth 1.9 trillion dollars. This plan is based on the program proposed by US President Joe Biden.
Reportedly, 50 lawmakers supported the bill, while 49 opposed it. Democrats hope to adopt the document before March 14, when higher unemployment benefits expire.
During the consideration of the document, senators, mainly from the Republican Party, presented several amendments to the vote, but most were rejected. Now the amended bill will have to be re-approved by the House of Representatives of Congress, only then will it be sent to the President for his signature.
The package of measures provides for the allocation of approximately $ 400 billion directly to the fight against the pandemic. About $ 1 trillion should go to assist the population, the rest to stimulate the economy.
Recall that the real gross domestic product (GDP) of the United States in 2020 fell by 3.5%. This is the worst record since 1946 and also the first annual drop in GDP since the Great Recession of 2007-09.
As RBC-Ukraine reported, the U.S. economy showed unprecedented growth rates in the third quarter of 2020 as the government allocated more than $ 3 trillion in pandemic aid, contributing to an increase in the consumer spending. Gross domestic product grew 33.1% year-on-year.
