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CNN News:白宫和参议院推出2万亿美元经济刺激计划

Source: 恒星英语学习网    2020-05-13   English BBS   Favorite  

Stimulus is the word in Washington, District of Columbia. The U.S. Congress and the White House have joined the Federal Reserve, the country's central bank, in trying to lessen the economic damage from the coronavirus pandemic. The big focus here is on a stimulus package, a massive plan of government spending, intended to stimulate the U.S. economy. How massive? The Senate deal which is supported by the Trump Administration is worth $2 trillion. Senate Majority Leader Mitch McConnell described it as a wartime level of investment for America. Here's what the money would be spent on.
$500 billion would be intended to help big companies get through this coronavirus pandemic. $350 billion would be in loans for small businesses in the hopes it will help them stay in business. $250 billion would be given directly to American taxpayers in the hopes that they'll spend it. But those payments would only go to individuals who earn less than $99,000 a year or couples who earn less than $198,000 a year. Hundreds of billions more would go to help hospitals, Americans who've lost their jobs and state and local governments.

The agreement would still have to be passed by the U.S. House of Representatives before it goes to President Donald Trump's desk for signature. So the bill is not finalized and it's not clear how long that will take. But the news of it was welcomed on Wall Street. After setting several records for single day point losses in recent weeks, the Dow Jones Industrial Average of 30 important stocks set a new record on Tuesday for its biggest ever single point gain.


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