US Senate passes record $2 Trillion coronavirus stimulus bill

US Senate passes record $2 Trillion coronavirus stimulus bill

The US Senate passed a record $2 Trillion coronavirus stimulus bill. US President Donald Trump announced a huge relief package to battle the Coronavirus.

The coronavirus is shaking the US. With respect to both public health and the economy of the nation, the COVID-19 hit America harder than anyone expected.  So to boost up the falling economy and businesses, Donald Trump came up with a historic decision. US President Trump announced a huge relied package to battle the coronavirus. Correspondingly, The US Senate passed a record $2 Trillion coronavirus stimulus bill. The bill was passed unanimously with 96-0 votes.

This bill is intended to settle down the financial havoc. The bill will extend $1,200 to American adults and $500 for the children. And the rest goes into lending programs for businesses, hospitals, and employee retention funds. Experts say this bill will serve as a huge relief for the American economy. And the appreciation is pouring in for the US President Donald Trump.

The number of coronavirus positive cases in the US has already crossed 68 Thousand while the death toll too has gone past 1000. Not only the public health but also the economy is on the ventilator too. The world’s share market too is running in losses due to the complete shutdown of production. Not one, but every sector is in deep trouble now. One of the biggest recessions in history is just around the corner, lakhs of jobs over different fields including software, mechanical and others are also at risk. Even if the coronavirus pandemic resides, there will be a bigger battle with the economy for every country.