AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Source: alafarm, Shutterstock
Summary
- President Biden praised the efforts of the administration as Senate approved the $1.9 trillion relief package
- The unemployment benefits to the tune of $300 have been extended until September 2021
The President of the United States Joe Biden gushed with excitement as the Senate cleared the $1.9 trillion relief package designated to reinforce the trajectory of recovery from the Covid-19 pandemic slump.
The urgently-needed response in the fight against coronavirus has been formulated to support the masses across the widespread geography through various ways, alongside bolstering the ongoing inoculation programme, Covid-19 testing and the research & development for vaccines.
Up until the night of Friday, 5 March, the US has seen as many as 519,064 fatal cases. President also appreciated the efforts of Senator Chuck Schumer as the administration worked skillfully, as well as patiently, to deliver such a “consequential piece of legislation”.
The Covid-19 relief bill is accustomed to provide the much-needed support to the ailing industry, meeting the necessary requirements of people as the country has been facing a range of hardships for a long period now, President said.
Covid relief package to aid recovery
The respective monetary allocations in the $1.9 trillion relief package will be utilised for expediting various processes including increasing the manufacturing and distribution of Covid-19 vaccines, while more than 85 per cent of the American households are entitled to receive direct payments of $1,400 per person. A middle-class family of four, with working husband and wife and two kids, is qualified to get $5,600 under the direct payments arrangement.
President Biden has reiterated to vaccinate every American at the earliest as he proposed that the healthcare authorities will have the sufficient vaccine jabs by the end of May to immunise all.
In order to further buttress the unemployed workforce, the government will be extending the unemployment benefits for 11 million Americans. Definitive parts of the package will be sanctioned for educational purposes to meet the monetary requirements of schools, in order to make sure that they reopen with utmost safety, while a proportion of package will be provided to the state and local governments.
- With the monetary aid to regional government bodies, they can proceed ahead to rehire the laid-off police officer, teachers, nurses, firefighters and other essential personnel.
- The unemployment benefits to the tune of $300 have been extended until September 2021.
- About $8.75 billion will be allocated to federal, state and other regional health agencies for the distribution and administration of Covid-19 vaccine.
- Additionally, a sum close to $20 billion will be directed to federal biomedical research for the procurement and manufacturing of vaccines and other therapeutic drugs.
- The government has decided to spend $25 billion on reimbursing the hospitals and healthcare centres for the lost revenue, testing, and contract tracing.
