Pakistan's Premier Multilingual News Agency

largest rescue package in american history


26 March 2020 (GNP): US senate passed a bill of 2-tln-USD stimulus package to control COVID-19 fallout.The upper chamber passed the bill and needs to be approved by house of representatives.
The bill aimed at protecting economy from COVID-19, will provide small businesses emergency loans, business tax breaks, expand unemployment benefits, 1,000 dollar plus direct payments for working americans, government aid for industries such as airlines and hotels, as well as more support for hospitals and state and local governments.
Senate called it “emergency relief” but some experts say that it will not stop a recession from occurring.