An Agreement was Reached on Incentive Package in the USA
An agreement was reached on incentive package in the USA.
US Senate Majority Leader Republican Mitch McConnell has agreed on a support package that is being discussed to reduce the economic impact of the coronavirus outbreak.
In the US, after long-standing negotiations between the Republican and Democratic Party, a compromise was reached on an approximately $ 900 billion support package for the economic effects of the coronavirus epidemic.
US Senate Majority Leader Republican Mitch McConnell reported that the budget bill was agreed with the support package discussed to reduce the effects of the coronavirus outbreak on the economy.
“We have finally achieved the bipartisan breakthrough that the country needed,” said McConnell, who refused to provide details of the support package.
McConnell stated that "more help is on the way" regarding the economic effects of the coronavirus pandemic.
With the support package designed for the economic effects of the
coronavirus epidemic, the budget is expected to be voted in the US House of Representatives and the Senate before midnight, US local time. It is envisaged that this package and the budget will be submitted to US President Donald Trump for signature after being voted in the House of Representatives and the Senate.
The incentive package includes regulations such as $ 600 direct payments to US citizens, $ 300 billion in resources for small businesses, $ 25 billion in rent aid and $ 300 in unemployment benefits, $ 25 billion in rent aid.