The US economy awaits critical decisions on a new stimulus package

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The US economy awaits critical decisions on a new stimulus package

Arabictrader.com – President-elect Joe Biden is expected to unveil a massive stimulus package to relief the economy from the repercussions of the Coronavirus today, Thursday, and Biden recently told his advisors and allies in Congress that they expect the size of the stimulus package to reach $ 2 trillion. This and that the stimulus package includes large direct payments to American families, and significant government and domestic financing, including the cost of distributing the Corona virus vaccine and other emergency spending measures to help those who are struggling during the epidemic.

  • Biden is due to announce the details of his plan Thursday evening.

It should be noted that Biden’s early focus on a comprehensive relief package for the economy reflects the political reality that his first year in office will be determined by his ability to combat the Coronavirus and stave off economic collapse. A few days before taking office, the epidemic is now spreading faster than at any time in 2020. The United States reported the largest number of Corona deaths on Tuesday, recording 4,327 new virus deaths, according to Johns Hopkins University data.

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