Trump Signed A Law To Help Businesses During The Pandemic For Almost $500 Billion
Donald Trump approved a bill for a financial aid package to fight the coronavirus and its consequences for almost $500 billion, NBC News reported.
In total, the bill distributes about $484 billion. Of this, $310 billion will go to the paycheck Protection Program (PPP), created to help small businesses during coronavirus. Also, the bill provides $75 billion for hospitals and healthcare providers and $25 billion to expand the COVID-19 testing program.
Earlier this week, the US Congress almost unanimously voted in support of this document.
In March, the US approved a $2.3 trillion economic aid package, which included funds for conditional non-refundable loans for small businesses in the amount of $ 350 billion. Funds for loans for small businesses allocated by the state have already run out, which is why American politicians were eager to take new measures as soon as possible.
Trump has repeatedly advocated that the US economy should be restored as soon as possible.
The United States is significantly ahead of the rest of the world in the number of detected COVID-19 cases and deaths from THIS virus. During the pandemic in the United States, about 890 thousand cases of the disease were registered, more than 50 thousand people died.