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Biden’s COVID-19 relief package passes final hurdle

Economy
11 March 2021 12:17 (AEST)

U.S. President Joe Biden Source: Vox

U.S. President Joe Biden’s COVID-19 relief package has passed its final hurdle, clearing the House of Representatives.

The US$1.9 trillion (around A$2.5 trillion) American Rescue Plan aims to revitalise the country, which has been badly affected by the pandemic.

Among the measures included in the bill is another round of stimulus cheques for most adults — worth US$1400 (about A$1800) each.

Additionally, the package extends the US$300-(roughly A$387-)per-week emergency unemployment benefit for an additional six months.

The long-awaited package passed the House of Representatives 220–211 on Wednesday after days of debate.

Republicans were trying to delay the passage amid concerns around its cost — the largest stimulus package introduced since the Great Depression.

Despite the concerns, the Bill passed comfortably through the Democrat-controlled House, with only one of the party’s own members opposing the bill.

The bill has now been sent to Joe Biden, who’s expected to sign off on the package on Friday, allowing for the stimulus payments to begin being distributed as early as next week.

“This bill represents a historic, historic, victory for the American people,” the U.S. President said.

“I look forward to signing it later this week. Everything in the American Rescue Plan addresses a real need, including investments to fund our entire vaccination effort,” Biden added.

To date, the U.S. has the highest rates of COVID-19 infections and deaths across the globe, with over 28 million cases and more than 529,000 deaths.

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