- The move by President Trump came six days after the package was approved by Congress.
- He had earlier on described the package as a “disgrace,” but backed down after pressure from both the Republicans and Democrats.
- The Trump-sanctioned law guarantees a $600 stimulus check for all Americans with incomes less than $75,000 a year and $300 subsidies per week to unemployed people.
After much delay, US President Donald Trump finally signed the US coronavirus stimulus package and government funding bill. The move frees $2.3 trillion for emergency aid to help those affected by the coronavirus pandemic and funds the federal government, avoiding a shutdown.
The move by President Trump came six days after the package was approved by Congress. He had earlier on described the package as a “disgrace,” but backed down after pressure from both the Republicans and Democrats.
The package approved on Sunday by President Trump guarantees $900 billion for emergency programs in aid to those affected by the COVID-19 pandemic.
The package also includes $1.4 trillion to fund the functioning of government agencies until September 2021, which were threatened with having to halt their activities as of Tuesday due to lack of funds. If that were to happen, the income of millions of public sector workers would be at risk.
The signature ends an impasse of almost a week, after the initial refusal of the American President to sign the bill, which had been approved by Congress with the support of both Democrats and Republicans.
Last Tuesday, President Trump called the package a “disgrace,” and demanded that the value of stimulus checks for Americans in financial difficulty be raised from $600 to $ 2,000, and that several government expenditures already planned be removed from the text.
The President’s refusal put him under increasing pressure from members of congress from both parties, who had reached an agreement after months of negotiation with the government, and approved the bill by a wide margin of votes.
On Sunday night, President Trump reversed his earlier decision and released a statement to the effect that he had signed the bill, saying it was his “responsibility to protect the people of our country from the economic devastation and hardship” caused by the coronavirus.
“As president, I have told Congress that I want far less wasteful spending and more money going to the American people in the form of $2,000 checks per adult and $600 per child. I am signing this bill to restore unemployment benefits, stop evictions, provide rental assistance, add money for PPP, return our airline workers back to work, add substantially more money for vaccine distribution, and much more.”
The Trump-sanctioned law guarantees a $600 stimulus check for all Americans with incomes less than $75,000 a year and $300 subsidies per week to unemployed people.
Aid for the unemployed is being paid to about 14 million people and had been stopped on Saturday, but will resume now that the President has signed the bill.
The package also establishes more allowances for poor people to buy food, subsidies for public transport systems, and money for states to distribute vaccines. The bill also strengthens a small business loan program, and adds more funds to support airlines.