New Delhi: US President Donald Trump signed a $2.2 Trillion Bill into law, which is the largest bailout plan in US history. “I want to thank Democrats and Republicans for coming together and putting America first,” the president said shortly before signing the historic bill in the Oval Office. Also Read - Coronavirus: Hydroxychloroquine Not to be Sold Without Prescription, Orders Centre
The number of COVID-19 cases in the US surpassed 100,000, with more than 1,500 dead. Also Read - Is There a Cure to Coronavirus? Donald Trump's Tweet Triggers Debate
“My administration is taking new action to ensure that America has the medical resources and equipment needed to fight the global pandemic. It has been a brutal pandemic for over 150 countries all over the world,” Trump told reporters at a White House news conference. Also Read - US President Donald Trump Tests Negative For Coronavirus, White House Issues Statement
The legislation among other things gives USD 3,400 for most of the American families of four, and billions of dollars’ worth of financial assistance to small and medium businesses, and big corporations like Boeing.
“We’ve never signed a bill of that magnitude and you know incredibly it was 96 to nothing in the Senate, and it was essentially the same thing in Congress,” Trump said. The US Senate had passed the coronavirus stimulus bill with a massive 96-0 votes on Thursday.
“We want every county and region in the country to have the underground evidence that they need to determine that mitigation measures that are right for them,” he said, adding that each location is different.
Responding to questions, Trump said he wants the state governors to be appreciative of the work being done by his administration, in particular Vice President Mike Pence, who is leading the White House Task Force on Coronavirus.
(With Agency Inputs)