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US Senate passes $2 trillion economic stimulus plan

26 Mar 2020 16:29 reported by Joy Liu

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It was reported that the US White House and the Senate reached an agreement for a US$2 trillion emergency relief bill to stimulus economy on March 25th in order to limit the losses caused by the novel coronavirus epidemic on the US’ economy.

US Treasury Secretary Steven Mnuchin said this stimulus plan will aim to help small enterprises, aviation industry, hospitality industry, etc., and even provide cash support to the public directly.

However, the full details of the agreement haven’t been announced currently.

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