US President Joe Biden is expected to present a stimulus package today. The proposed stimulus package worth more than $ 1.5 trillion to $ 2 trillion aims to generate an economy in the face of the U.S. that is facing the Covid-19 pandemic and in addition it is also to help minorities.
Since last year, Biden has been mobilizing to address the pandemic. Therefore, it is not impossible that the stimulus package will be announced in the near future to curb the spread of the pandemic and restore the economy.
It has been announced that the new administration will work with Congress to expedite the stimulus package after Joe Biden took office on January 20 although Trump's dismissal is expected to take weeks.
The United States House of Representatives (US) unanimously fired President Donald Trump for making seditious remarks that sparked riots at the Capitol building last week. Trump was the first President in U.S. history to be ousted twice or charged with criminal misconduct by Congress.
In a separate report, Biden reportedly plans to introduce his stimulus package on Thursday afternoon U.S. time. At the same time, he also emphasized on accelerating the distribution of vaccines and providing financial assistance to those affected to prevent further layoffs. More than 380,000 people in the United States have died as a result of Covid-19 with 22.7 people being infected.
The US dollar showed a spike in reports of Biden's stimulus package worth more than $ 1.5 trillion to $ 2 trillion today with investor expectations that Biden's massive stimulus move would lead to a faster economic recovery.
