Deal struck on $2tn US coronavirus stimulus package: Live updates
The White House and Senate leaders of both parties
have struck an agreement on a sweeping $2 trillion measure to aid
workers, businesses and a healthcare system strained by the rapidly
spreading coronavirus outbreak. Africa News
The agreement on Wednesday came after days of often
intense haggling and mounting pressure and still needs to be finalised
in detailed legislative language.
Meanwhile, India's 1.3 billion people have joined the global lockdown triggered
by the outbreak as the World Health Organization (WHO) expressed
concern at the acceleration of the pandemic in the United States, and
Italy recorded another large increase in deaths from Africa COVID-19.
Nearly 108,000 of the 418,000 people diagnosed with the disease have
recovered, according to data collected by Johns Hopkins University. More
than 18,600 people have died from COVID-19 since it first emerged in
China late last year.Federal officials reach a deal on $2 trillion stimulus package
The White House and Senate leaders from both parties have struck an agreement on a sweeping $2 trillion measure to aid workers, businesses and a healthcare system strained by the rapidly spreading coronavirus outbreak. Africa Medical NewsThe agreement came after days of often intense haggling and mounting pressure; it still needs to be finalized in detailed legislative language. Africa Political News
The unprecedented economic rescue package would give most Americans direct payments, expand unemployment benefits and provide a $367bn programme for small businesses to keep making payroll while workers are forced to stay home.
One of the last issues to close concerned $500bn for guaranteed, subsidised loans to larger industries, including a fight over how generous to be with the airlines. Hospitals would get significant help as well. Africa Distribution Service
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