The United States has finally reached an agreement in talks on an additional $ 900 billion stimulus package in an effort to help citizens and economies affected by the coronavirus pandemic.
The package will be the second largest economic stimulus in U.S. history, following the first $ 2.3 trillion coronavirus assistance bill passed in March.
Senate Majority Leader Mitch McConnell made the announcement on Sunday that Congress leaders had reached an agreement in a stimulus package that would provide direct payments and unemployment assistance to affected Americans.
Meanwhile, House Speaker Nancy Pelosi and Senate Democrat Chuck Schumer described the assistance as much needed to save the lives of Americans in the midst of a rapidly spreading virus.
They also said the plan was in fact inadequate and stated it would immediately issue more stimulus after President Joe Biden entered the White House on January 20.
Following the agreement reached, lawmakers will vote on the aid package on Monday.
While this exciting news has long been awaited by investors, the market has failed to react properly due to the discovery of a new Covid-19 variant in London.
