US economy awaits critical decisions on new stimulus package

Arabictrader.com – President-elect Joe Biden is set to unveil a massive stimulus package to relieve the economy from the repercussions of the Corona virus today, Thursday, and Biden recently told his advisers and allies in Congress that they expect the size of the stimulus package to reach $ 2 trillion. This and that, the stimulus package includes large direct payments to American families and significant government and national funding, including the cost of distributing the Corona virus vaccine and other emergency spending measures to help those who are struggling during the epidemic.

• Biden is expected to announce details of his plan Thursday night.

It should be noted that Biden’s early focus on a comprehensive relief package for the economy reflects the political reality that his first year in office will be determined by his ability to fight the coronavirus and avert economic collapse. Days before taking office, the outbreak is now spreading faster than at any time in 2020. The United States reported the highest number of Corona deaths on Tuesday, registering 4,327 new deaths from the virus, according to data from Johns Hopkins University.

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