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1/14, 11:18 PM (Source: TeleTrader)
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Biden unveils details of $1.9T COVID stimulus plan

United States President-elect Joe Biden revealed on Thursday the details of his coronavirus stimulus package worth around $1.9 trillion. The proposal includes an additional one-time payment of $1,400 in addition to the $600 in the already adopted stimulus bill.

In addition, the federal minimum wage would be increased to $15 per hour, and federal unemployment benefits would be raised to $400 per week until September. $350 billion would be spent for state and local government aid, $170 billion would be used to fund schools, while $70 billion would be set aside for COVID-19 testing and vaccine distribution. The eviction moratorium, currently set to expire at the end of January, would be extended until the end of September.

Breaking the News / DJ