After a dramatic waiting since last week’s passage of the coronavirus relief package, President Donald Trump signed a $900 billion coronavirus relief bill on Sunday, ending speculations if Americans reeling under the pandemic economic slowdown would receive the much-needed assistance at the start of the new year.
Trump had objected to the $600 stimulus checks per individual as passed by legislators in deserving families as a disgrace in view of the mounting financial pressures. He had asked Congress to increase the amount to at least $2000 per check.
The House Democrats tried to approve relief assistance worth $2000 amount but Republicans thwarted the effort in the House.
Now both adults and children will receive a stimulus check of $600 each.
Besides the stimulus, those who lost their jobs to economic closures and uncertainty would get an additional $300 per week from the federal government. This would supplement the state unemployment allowances.
Trump, who is spending holidays at his Mar-a-Lago estate in Florida, signed the $2.3 trillion into law, paving the way for government expenditure into the next year and making funds available for COVID-19 relief assistance.
The measure also earmarks $284 billion in funding for the Paycheck Protection Program (PPP), to ease troubles for small businesses.
