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Added on the 17/07/2020 09:30:26 - Copyright : Euronews EN
In April 2020, a coronavirus stimulus check of $2,000 was sent to most American adults. Eight months later, Congress agreed on a $900 billion coronavirus relief bill. The new bill would send out another stimulus check, this time worth $600. On Tuesday, Pres. Donald Trump said the checks should be worth $2,000. According to Insider polling, 72% of Trump supporters think $600 is too small.
At long last, a new coronavirus stimulus package is finally set to be passed by the US Congress. The last one expired at the end of July. Business Insider reports the long-awaited package will reportedly contain $600 stimulus checks and an extra $300 in weekly unemployment benefits. While the House has passed multiple bills that would have offered more to Americans, the GOP-controlled Senate has balked until now. However, the deal hasn't been well-received in the Twitterverse, and has produced references to class warfare and revolution. 'Let them eat cake' trended on Twitter in response to the apparently inadequate $600 stimulus check. It's a famous utterance attributed to Marie Antoinette, representing the out-of-touch monied, ruling class overthrown in the French Revolution.
Business Insider reports there are still 11 million fewer Americans employed compared to before the pandemic hit in February. The pace of job growth is slowing, and Tuesday, Fed Chair Jerome Powell reiterated his call for more economic aid from the US government to American workers. Economists warn another stimulus package is necessary to ward off the threat of a double-dip recession. Without it, Powell said on Tuesday, the economic recovery will be painfully slow. Nevertheless, US President Donald Trump on Tuesday ordered an end to all Congressional stimulus talks. That is, until after he is reelected in November.
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