The global gross domestic product GDP will grow at 56 per cent this year if Covid19 vaccination rollouts are fast and effective enough across the world the Parisbased Organization for Economic Cooperation and Development OECD said
The White House says Joe Biden plans to sign the measure into law on Friday. (File)
Washington:
The US Congress on Wednesday finally passed Joe Biden s enormous economic relief package, delivering a resounding victory for the US president and giving what he called a fighting chance to millions of families and businesses suffering during the coronavirus pandemic.
The $1.9 trillion plan, months in the making, is one of the largest US rescue packages ever, and will impact every aspect of the world s biggest economy for years to come.
Democrats say they have met a historic moment of crisis head on, funneling federal dollars into vaccine distribution, stimulus checks of up to $1,400 to most Americans, extended unemployment benefits for millions and an expansion of government funding for health care.
OECD hikes world economic forecast on vaccines, US stimulus straitstimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from straitstimes.com Daily Mail and Mail on Sunday newspapers.
March 10, 2021 President Joe Biden visits W.S. Jenks & Son, a Washington hardware store that has benefited from the Paycheck Protection Program, on March 9, 2021
President Joe Biden visits W.S. Jenks & Son, a Washington hardware store that has benefited from the Paycheck Protection Program, on March 9, 2021
Washington (AFP) - US President Joe Biden s massive relief plan is on track to cross the finish line Wednesday with a final House vote, stimulating an economy digging out from the coronavirus pandemic and offering a lifeline for millions of families.
The $1.9 trillion package, broadly popular with Americans and approved by the Senate at the weekend, is expected to narrowly clear Congress days before a crucial deadline, culminating a weeks-long negotiation over its cost and scope.
Biden Victory As Congress Passes Huge Covid Relief Plan ibtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibtimes.com Daily Mail and Mail on Sunday newspapers.