US President Joe Biden signed the US $ 19 trillion Relief Bill on Thursday. The President said that this relief package will help the people, businessmen and those who are facing problems due to Corona Virus and will give an impetus to the economy. Biden signed the Bill of Relief a few hours before giving his prime-time address to the nation for the first time after assuming office.
More than 5.29 lakh people have died due to the Coronavirus epidemic in America. Signing the bill at the Oval Office, Biden said that this historic law will once again strengthen the backbone (economy) of this country. Biden’s plan was to sign the bill on Friday, but the bill reached the White House late in the evening. It arrived earlier than expected. He said, “We want to take this forward as soon as possible.”
Package divided into three parts
Biden said that he will talk about what things the country has gone through in the last one year and what is going to come next. It is known that the $ 1.9 trillion relief package has been divided into three parts. A large part of this will be given to the US household as a direct benefit. Apart from this, $ 415 billion corona epidemic and more than $ 1000 billion has been kept as direct support. In the relief package, 440 billion dollars have been placed to support the business.
What do Republicans have to say on the package?
Regarding this relief package, the Democrats say that the economy has fallen drastically and more than 5 lakh Americans have died. Because of this Stimulus is needed as soon as possible. Republicans say about this package that it is too much money. Very little is to be spent on education.