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Friday, May 9, 2025

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Biden introduces $ 1900 billion stimulus package to restore economy hit by the pandemic

Joe Biden, the future president of the United States, last night unveiled a stimulus package aimed at stimulating the US economy in the wake of the coronavirus pandemic. A total of 1,900 billion US dollars is planned to be spent on various projects, and among other things, all Icelanders will receive a one-time payment of 1,400 dollars.

415 billion will be spent to fight the epidemic and 440 billion will go to small businesses, according to a BBC report.

Biden has said he will focus on overcoming the virus in his first months in office, but he will take over next Wednesday, January 20. The US Congress must approve the package of measures if it is to be implemented.

The epidemic is at an all-time high in the United States, where 385,000 people have died from Covid-19.

More than 200,000 new cases are diagnosed each day and the deaths from the disease are about 4,000 daily.

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