Trump at the signing of the $2.2trillion stimulus bill
President Donald Trump on Friday signed the $2.2 trillion (N827 trillion) financial stimulus package to cushion the economic impact of the coronavirus pandemic in the United States.
This came hours after the country’s House of Representatives approved the bipartisan bill, which the Senate passed on Wednesday.
The U.S. is the hardest-hit country in terms of the COVID-19 infections, accounting for no fewer than 103,798 cases.
Under the law, the government will make direct payments of $290 billion (N109 trillion) to Americans earning below $99,000 (N37 million) per annum.
They are expected to get directly up to $1,200 (N451,000) each, in addition to $500 (N188,000) per child.
On Wednesday, a record 3.3 million Americans filed for unemployment benefits amid massive job losses occasioned by the pandemic.