Made by: Paulina Vidriales
Date: March 26, 2020
The people involved are the US congress, the Senate, the White House, the Federal Reserve, government, and the US House of Representatives.
Date of article: March 26, 2020
This takes place in the United States
The White House and the US Congress come together with the country's central bank, the Federal Reserve, to try to reduce the economic damage as a result of the coronavirus. There is a big focus on a stimulus package, an important plan of government spending meant to help the US economy. This Senate deal is worth $2 trillions which are supported by the Trump Administration. The money would be used to help big companies ($500 billion would be given to them), small businesses ($350 billion), ($250 billion) American taxpayers (in hopes they’ll spend it); and hundreds of billions to hospitals, unemployed, and state and local governments.
This is very important because it helps stimulate the economy. That way this pandemic does not damage the economy much and we can recover quickly from this economic harm.