Article Hero

President Trump signs a $2.3 trillion pandemic aid and spending bill

1609154894.jpg
Miguel A. Rodriguez
Miguel A. Rodriguez
29 December 2020
Out of the $2.3 trillion, $900 billion are part of the relief bill meant to extend unemployment benefits for jobless gig-workers and independent contractors.

According to the new pandemic #SpendingPackage, approximately 12 million people in two key pandemic #unemployment #programs will enjoy benefits for 11 weeks. Additionally, people receiving jobless payments will get a $300 weekly federal boost through mid-March.

The package sends direct #StimulusChecks of $600 to individuals, while eligible families will receive an additional $600 per child - $100 more than Congress gave families in the first round of relief.

Initially, President Trump had threatened to block the bill, which was approved by Congress last week. But after he came under intense pressure from lawmakers on both sides, he finally signed the new #relief #package, averting a partial government shutdown, which would have put millions of employees at risk.

Sources: edition.cnn.com, reuters.com.

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

Share this article

How did you find this article?

Awful
Ok
Great
Awesome

Read More

Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.