The US COVID-19 relief bill has just been released. Can the US economy recover?

After long and difficult negotiations between the U.S. House of Representatives and the Senate, the Republican Party and the Democratic Party finally reached cooperation on a new COVID-19 aid bill. The $900 billion COVID-19 relief bill is freshly released.

On December 20, the U.S. Senate Majority Leader, House Speaker, and Senate Democratic Leader jointly announced that the Senate and House of Representatives had reached a new COVID-19 relief bill.

The new bill includes cash distribution to the people, money for subsidizing vaccines, extending the duration of unemployment benefits, assistance funds for small and micro enterprises, etc. The bill has now been included in the omnibus spending bill for the new fiscal year. After the two parties reached agreement on the new bill, the Speaker of the House of Representatives revealed relevant details of the new bill to the media. The new bill intends to provide up to $600 in cash and $300 a week in unemployment benefits to most people in the United States, provide $10 billion in subsidies to child care institutions, and provide up to $13 billion in nutritional assistance to Americans. There are US$15 billion in subsidies for theaters and performance venues, a total of US$82 billion in subsidies for schools at all levels in the United States, and US$284 billion in subsidies for small and micro businesses.

This bill is mainly to alleviate the current plight of the American people. As early as the outbreak of the epidemic at the beginning of the year, the United States had already passed a new crown aid bill. Through this bill, the American people have been living in poverty for 11 consecutive weeks. Received cash and unemployment benefits. However, after the end of this bill, the epidemic in the United States was not under control, and the lives of the American people became more difficult. This also forces the US government to adopt a new aid bill. The new aid bill was forced to stall for nine months amid arguments between the Republican Party and the Democratic Party. Both parties have their own ideas about the bill. The Democrats hope to subsidize the people through the state government, while the Democratic Party hopes to Bail out the people through big business.

Now that the new crown relief bill has been passed, the American people can finally breathe a sigh of relief. Facing the passage of the new bill, Trump burst into acid water and tweeted about the new crown relief. The bill is tied to the expenditure for the new fiscal year, and this epidemic relief bill should be passed earlier. At the same time, Trump also blamed China for the epidemic. It is really difficult to understand Trump’s way of thinking.

The bailout bill passed this time contains a large number of targeted policies. The U.S. government hopes that this bailout bill can help American families in difficulty and boost the U.S. economy. Temporarily alleviate the living difficulties of the American people, stimulate American consumption, and restore the confidence of the American people.