The US House of Representative Approved Historic Financial Prompt Package

The United States of America has more confirmed cases of the pandemic virus “COVID-19,” presently affecting the globe with more than 86,000 affected people ahead of China, where it emerged from, with more than 81,000 cases and Italy, with more than 80,000 cases.

The United States death cases, with over 1,300 are behind Italy, with over 8,125 cases, where the most death cases recorded and China with over 3,296.

The stern achievement came, as The President, Donald Trump foresaw the epidermic situation and said the nation would get back to work, pretty soon.

As the United States wrestles against the coronavirus, the US Congress approved a historical two trillion dollars “$2trn” (£1.7trn) to fight the devastating spread of COVID-19. The largest-ever financial package was passed earlier in the week by the senate and approved on the 27th of March.

The bill was passed to President Donald Trump to sign. However, earlier this week, the unemployment rate recorded to have increased to 3.3 million people in the US, and over 519 citizens have died in a state making the worst-hit in the US, while over 44,000 cases recorded in the New York, Governor Andrew announced.

The Republicans and Democrats in the US congress held a three hours online debate, deliberating over the financial package led by House Speaker, Nancy Pelosi.

A Republican Representative from Kentucky, Thomas Massie who opposed the approval of the financial package saying it contained too much spending demanded a quorum of half the chamber be present, which made members of the house forced to return to Washington.

The $2trn approved by Congress ensures the right amount to individuals, families, and companies whose livelihoods and businesses have been affected by the epidermic.

It seeks to deliver $1,200 to every American earning less than $75,000 per year and $500 to the parents of every child.

It also gives money directly to state governments and bolsters the unemployment benefits programme. Under the law, jobless benefits will be extended to those not usually covered, such as freelancers and workers in the gig economy.

The bill also offers loans and tax breaks to companies that face going out of business, as one in every four Americans is ordered to remain at home and only go outside for essential needs.

Officials across the US have closed restaurants, bars, cinemas, hotels and gyms to slow the spread of the virus. A fifth of the US workforce is on some form of lockdown, by economists.

President Donald Trump has, however, set a much-assured goal of Easter Sunday, the 12th of April, for reopening the country.