Main menu

Pages

Biden: The bailout provides $ 40 billion to help families pay their rent



The US President, Joe Biden, stressed the importance of the aid that the US rescue plan will provide to support millions of families who have suffered from the Corona pandemic in the United States, which lasted for more than a year in the country, stating that the rescue plan will provide large sums of money exceeding 40 billion dollars to aid tenants in the states America.


President Joe Biden tweeted, on his official account on the "Twitter" site, saying: "Nobody should lose their home amid the Corona pandemic ... the US rescue plan provides more than 40 billion dollars to help families pay rent, stay in their homes, and maintain a roof overhead." Their heads ... help is here now. "


As Camala Harris, US Vice President Joe Biden indicated - earlier - that the US rescue plan will provide 130 billion dollars to schools, in order to return students to classes and schools safely. She reassured Americans in her message and said: "The help has come."


"The US rescue plan gives $ 130 billion to schools, so they will have the resources they need to safely get children back into the classroom, the help has come," Harris said in a tweet on her official Twitter account.


In the same context, the British Financial Times newspaper said that the US stimulus program will enhance the economic recovery from the Corona pandemic around the world, according to what the Organization for Economic Cooperation and Development indicated, while raising its expectations for global growth.


The organization revised its forecast for the global economy, citing an increase in vaccinations against the Corona virus and the $ 1.9 trillion bailout bill proposed by US President Joe Biden.


The interim report expected global GDP to grow at a rate of 5.6% this year, a significant increase from the 4.2% growth forecast last December. The updated forecast for 2022 indicates economic growth of 4%.


The stimulus package, known as the US bailout, is one of the largest interventions of the US government into the economy in the post-world war era. And it was passed in the House of Representatives controlled by the Democrats.

reactions

Comments