On Wednesday, U.S. Congressional leaders had seemingly come up with a stimulus deal at around 1 a.m. EST. The package will cost upwards of $2 trillion and politicians are promising direct payments of $1,200 per American if they make $75,000 or less. The dollar injection will be the largest financial measure ever enacted by Congress in an effort to boost the faltering U.S. economy during one of its most challenging periods in history.
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US Lawmakers Promise $1,200 Payments to Citizens
During the last week, the U.S. has been dealing with the coronavirus outbreak and the effects on the American economy. Since the virus touched American soil, politicians have been enacting executive orders like closing borders, shutting down major U.S. industries, and ordering regular citizens to stay at home. The bureaucracy’s measures have stunted the American economy and sent shockwaves through the stock market, the real estate industry, and pushed unemployment levels through the roof. Meanwhile, for a few days now, Republicans and Democrats have hashed out a stimulus plan to help businesses and citizens deal with the financial hardships they have been facing. During the early morning hours of March 25, White House legislative affairs director Eric Ueland told the media “We have a deal.”
One part of the stimulus plan includes sending money to
