The President-elect of the United States, Joe Biden, addressed the nation last night to explain how his administration will deal with the COVID-19 crisis to begin recovering. The aid package will be worth $ 1.9 trillion.
The plan, called “American Rescue Plan” will include direct payments of $ 2000 to citizens, that is to say $ 1,400 more to add to the $ 600 previously delivered. I also know additional federal unemployment benefits will go up up to $ 400 a week from the current $ 300 and will run until the end of September.
The new president announced a increase in minimum wage to $ 15 from the current $ 7.25 and will establish paid leave for all workers during the duration of the pandemic.
The plan will include 350,000 million in aid for state and local governments and 170,000 million for education for primary, secondary and higher education. In addition, they will be allocated $ 50 billion for grants and loans to SMEs in difficulties.
Others 50,000 million dollars will go to increase tests against Covid-19 and 20 billion more for a national vaccine program in partnership with the states and municipalities.
Biden will try to get his “American Bailout Plan” approved by Congress in the first weeks of his administration.
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