SME Times is powered by   
Search News
Just in:   • FM Sitharaman holds key pre-budget consultations with market experts  • Industry must set bold targets and mentor next-gen leaders: Piyush Goyal  • Sheikh Hasina sentenced to death over crimes against humanity charges  • Centre approves new Rs 7,712 crore investment under electronics component scheme  • DPDP rules to build trustworthy, future-ready digital environment for India 
Last updated: 28 Feb, 2021  

Biden.9.Thmb.jpg Biden urges Senate to quickly pass $1.9trn relief package

Biden.9.jpg
   Top Stories
» Industry must set bold targets and mentor next-gen leaders: Piyush Goyal
» DPDP rules to build trustworthy, future-ready digital environment for India
» Gold, silver prices decline as stronger dollar weighs on demand
» RBI measures to provide liquidity relief to exporters, ride out near-term pressure
» Piyush Goyal meets world leaders, discusses ways to boost trade and investment
IANS | 01 Mar, 2021
US President Joe Biden has urged the Senate to quickly pass the $1.9 trillion Covid-19 relief package, which was approved by the House on Saturday.

"Now the bill moves to the United States Senate where I hope it will receive quick action... we have no time to waste," Biden said at the White House on Saturday, Xinhua news agency reported.

"If we act now -- decisively, quickly, and boldly -- we can finally get ahead of this virus. We can finally get our economy moving again," he said.

"And the people of this country have suffered far too much for too long. We need to relieve that suffering," said the president. "And it's time to act."

US Treasury Secretary Janet Yellen also said on Saturday on the Twitter that as an economist and an American, she applauds "the House's favourable vote on the American Rescue Plan."

"There's a broad consensus among economists: People need more help putting food on the table and keeping a roof over their head until the virus is under control. This plan does that," she said.

The rescue plan contains direct payments of $1400 per person for working families, which is on top of the $600 check in the $900 billion relief package approved in December.

It would also boost federal unemployment benefits to $400 dollars per week and extend the measure through the end of September.

The House-approved bill also includes a provision to raise the federal minimum wage to $15, which would face tough tests in the 50-50 split Senate, where parliamentarians have ruled that the wage increase violates the budget reconciliation process and cannot be included.

The Senate is set to tackle the bill next week. Senate Republican leader Mitch McConnell on Saturday blasted Democrats over the House passage of the relief package, calling it a "deliberately partisan process".

"House Democrats snapped that bipartisan streak. They jammed through a bill that even liberal economists and editorial boards say is not well targeted to this stage of the fight," McConnell 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
₹88.70
₹87
UK Pound
₹119.90
₹116
Euro
₹104.25
₹100.65
Japanese Yen ₹59.20 ₹57.30
As on 30 Oct, 2025
  Daily Poll
Who do you think will benefit more from the India - UK FTA in the long run?
 Indian businesses & consumers.
 UK businesses & consumers.
 Both will gain equally.
 The impact will be negligible for both.
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter