SME Times is powered by   
Search News
Just in:   • Tesla all set to drive into India market with first showroom in Mumbai  • Indian mining and construction industry sees 2-5 pc growth in Q1: Report  • Sensex, Nifty open higher amid positive domestic cues  • TN yarn manufacturers form association to revive struggling sector amid rising costs  • Committed to nurture next-gen innovation in 6G technology: Jyotiraditya Scindia 
Last updated: 25 Mar, 2020  

White.House.Thmb.jpg US Senate, White House agree on $2tn Covid-19 spending bill

White.House.jpg
   Top Stories
» Tesla all set to drive into India market with first showroom in Mumbai
» Sensex, Nifty open higher amid positive domestic cues
» TN yarn manufacturers form association to revive struggling sector amid rising costs
» Committed to nurture next-gen innovation in 6G technology: Jyotiraditya Scindia
» Piyush Goyal holds talks with Malaysian minister on review of ASEAN trade pact
IANS | 25 Mar, 2020
The White House and the US Senate leaders here on Wednesday reached an agreement on the $2 trillion coronavirus spending bill aimed at alleviating the economic impact of the outbreak, the top Republican lawmaker said.

Under the plan, people making up to $75,000 a year are expected to receive checks for $1,200. Couples making up to $150,000 would receive $2,400, with an additional $500 per child. The new agreement removed the phased-in provision that would have excluded lower-income Americans from receiving the full benefit, NBC news reported.

The payments would decrease for those making more than $75,000, with an income cap of $99,000 per individual or $198,000 for couples.

"At last, we have a deal," Senate Majority Leader Mitch McConnell said citing the massive "wartime level of investment into our nation." McConnell said he expected the Senate to pass the legislation on Wednesday.

Treasury Secretary Steve Mnuchin said President Donald Trump would "absolutely" sign it if Congress passed it, Gulf News reported.

Senate Minority Leader Chuck Schumer said in the Senate floor early Wednesday, "We have a bipartisan agreement on the largest rescue package in the American history. This is not a moment of celebration, but one of necessity."

"Like all compromises, this bill is far from perfect. But we believe the legislation has been improved significantly to warrant its quick consideration and passage. Because many Democrats and Republicans were willing to do the serious hard work, the bill is much better off than where it started," he said.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Do you think Indian businesses will be negatively affected by Trump's America First Policy?
 Yes
 No
 Can't Say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter