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US Congress approves $1.9 trillion COVID-19 Relief Bill

11-03-2021

WASHINGTON: The US House of Representatives has given final approval to a $1.9 trillion emergency spending measure designed to mitigate the financial toll of the coronavirus pandemic, putting the United States economy on a path to recovery.

The House voted largely along party lines, 220-211, to send the legislation, approved by the US Senate on March 6, to President Joe Biden, who will sign it on Friday.

“This bill represents a historic, historic victory for the American people,” Biden said at the White House following the bill’s passage.

Biden, who campaigned in 2020 on bringing an end to the pandemic crisis, plans to address the nation on Thursday night.

One of the largest spending packages in US history, the bill authorities $1,400 direct cheques to an estimated 160 million US citizens, extends federal jobless benefits of $300 a week to 10 million unemployed workers, and provides hundreds of billions in subsidies and bailouts.

More than 29 million people have been confirmed infected with the coronavirus and about 528,000 have died from COVID-19 in the United States since the pandemic began a year ago.

“This bill provides direct financial relief to more than 80 percent of American families and helps feed hungry Americans and provides financial support so families can afford health care,” said Representative John Yarmuth, the Democratic chairman of the House Budget Committee.

“This legislation has been called one of the most consequential pieces of legislation in modern history,” Yarmuth said.

What is in the bill?

In addition to the direct payment and unemployment benefit extension, the bill includes $350bn for federal aid to states, cities and tribal governments to help cover budget shortfalls incurred during the pandemic.

It provides $130bn in funding for primary and secondary public schools to begin to reopen and recover from shutdowns that have caused US students to lose up to a year of their education.

The legislation includes $14bn for distribution and supplies of vaccines and includes $8.5bn for rural healthcare providers.

The US government already plans to distribute enough vaccines from Pfizer, Moderna and Johnson & Johnson to vaccinate every US adult by the end of May. So far, more than 123 million doses of vaccine have been distributed, according to the US Centers for Disease Control (CDC).

Biden plans to order the US purchase of another 100 million doses of the Johnson & Johnson vaccine, which is being co-produced with Merck, a White House official told the Reuters news agency. (Int’l Monitoring Desk)

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