Team Adda247 and BankersAadda are here with a Current Affairs Special Series for SBI and IBPS interview 2021. In this series, candidates will be introduced to current affairs topics daily, which will not only improve their general awareness but also will ensure that the candidates do not lack if any current affairs topic is asked in the interview. Today’s Current Affairs topic is the USA senate passes a major 1.9 trillion US Dollar of relief plan.
USA senate passes major 1.9 trillion US Dollar of relief plan
US president Joe Biden signed a bill of 1.9 trillion US Dollars relief plan for helping Americans to deal with the impact of the coronavirus pandemic despite Republican senators voting against it.
America has witnessed the worst public health crisis in a century which has left nearly 5, 23,000 people dead and 29 million infected, with a current unemployment rate of 6.2%. The relief package is the third in the US since the start of the pandemic – forecast one-off payments worth $1,400 to be sent to most Americans. According to the relief plan, 350 billion US dollars allocates under American Rescue Plan to state and local governments, and some 130 billion to schools. $49 billion provided to expand Covid-19 testing and research, as well as $ 14 billion for vaccination. $1400 stimulus cheques will be quickly phased out for those with higher incomes and $75000 for a single person and for couples it is given more than $1, 50,000. The extension of jobless benefits is given to long-term unemployed Americans. The bill consists of grants for small businesses as well as more targeted funds which are given to $25 billion for restaurants and bars; $15 billion for airlines and another $8 billion for airports; $30 billion for transit, $1.5 billion for Amtrak rail and $3 billion for aerospace manufacturing.
President: Joe Biden
Capital: Washington D.C.
Currency: US Dollar