The U.S. Treasury Department has offered to allocate $916 billion to stimulate the economy
The U.S. Treasury Department has offered to allocate $916 billion to stimulate the economy
- 3787
- 1 min.
- 5 connections
- 1 quote
Support for the American economy
Previously, the US authorities had already spent $3 trillion on measures to support the economy in the wake of the pandemic.
The U.S. Department Treasury has offered Congress to allocate $916 billion for emergency measures to stimulate the economy in the context of the COVID-19 pandemic, said the U.S. Treasury Secretary Steven Mnuchin on Twitter.
Steven wrote in his Twitter account: "On behalf of the President, I submitted a $916 billion proposal, which is a slightly larger package than the bipartisan $908 billion proposal".
In early December, a group of senators presented a $908 billion stimulus package. The proposals were presented by senators from both the Democratic and Republican parties.
Mr. Mnuchin pointed out that the Ministry of Finance would allocate part of the stimulus, including $140 billion from the unused funds of the wage support programme and $429 billion from the funds of the Ministry of Finance.
The Democrat-controlled House of Representatives and the Senate, in which the majority is owned by Republicans, continue to argue over the size of the stimulus package. Democrats believe that the amount of support should exceed $2 trillion, while Republicans insist on a maximum of $1 billion.
Persons1 and Companies4 in the news
-
MNUCHIN Steven
Secretary of the Treasury
-
-
-
-
Related news
Last news
Companies rating
NEW YORK NEWS
News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova Development Director
Quotes
AllPaul Bettany Reveals the Call That Rebuilt His Hollywood Career
Matthew Lillard Says Cult Fame Still Has Not Won Hollywood’s Trust
Skydance Takes Control and Redraws Hollywood’s Power Map
Matthew Lillard Says Cult Fame Still Has Not Won Hollywood’s Trust
Sebastian Stan Finds a Different Meaning in Fjord After Becoming a Father
