The United States (US) Congress has approved President Joe Biden’s $1.9 trillion coronavirus relief plan.
The emergency spending measure is designed to lessen the financial burden of the coronavirus.
It is expected to put the US economy on a recovery path.
On Wednesday, March 10, 2021, Congress voted mainly along party lines to endorse the relief plan. The plan was on March 6, 2021, passed by the US Senate in a 49-50 vote.
President Biden is expected to sign the bill on Friday, March 12, 2021.
After the bill was passed, President Biden reportedly announced at the White House that “This bill represents a historic, historic victory for the American people.”
Accordingly, the bill authorises $1,400 direct cheques to an estimated 160 million US citizens.
The bill also extends federal jobless benefits of $300 a week to 10 million unemployed workers, and provides hundreds of billions in subsidies and bailouts.
The passage of the bill comes as over 29 million persons are confirmed to have been diagnosed with Coronavirus in the US.
About 528,000 individuals have lost their lives in the US due COVID-19.
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