US Republicans propose $1tn pandemic recovery plan

Addis Ababa, July 28, 2020 (FBC) – US Senate Republicans have proposed spending an additional $1tn to address the economic damage caused by the coronavirus pandemic.

The plan includes $100bn for schools and issuing stimulus payments of up to $1,200 to most Americans.

Under the plan, the payment would replace a $600 boost to unemployment benefits during the pandemic.

The proposal sets the stage for negotiations with Democrats who have called it “totally inadequate”.

The US has already spent more than $2.4tn on virus relief measures, sending billions of dollars in aid to businesses and individual households.
Source: BBC