Trump signs $2 trillion coronavirus bill into law as US cases exceed 100,000
President Donald Trump has signed a $2 trillion bill into law to support the US as it buckles under economic pressure caused by the coronavirus pandemic.
On Friday, Trump promised a massive cash package to protect businesses, healthcare facilities and individuals as America became the first country to exceed 100,000 Covid-19 cases. The signing came hours after the passing of the bill by overwhelming voice vote in the House of Representatives.
The President said: ‘This will deliver urgently needed relief to our nation’s families, workers and businesses. And that’s what this is all about.’
Disagreement remains over how the law will be implemented. Trump has said that he will not permit a new inspector general to issue reports to Congress ‘without presidential supervision’. Democrats have said that the creation of a new inspector general is needed so that the White House does not misuse taxpayer money.
There are now more than 100,00 confirmed cases of coronavirus in the US and more than 1,500 deaths.
Some 3.3 million workers filed for unemployment benefits last week as the economy ground to a halt – the most applications over a seven-day period in American history.
Economists say the US economy is now in one of the worst recessions ever recorded after a period of growth.
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