With large areas of the US shut down, stock markets crashing, industries facing collapse and soaring unemployment, the US government is set to pass the most expensive bailout in US history in attempts to save the US economy.
The bill is worth about $2tn, which will go to businesses, corporations and directly into the pockets of Americans. It has six main components:
Direct payment to most Americans.
$250bn to bolster unemployment insurance.
$350bn in loans for small businesses that may be forgiven if firms use them to keep workers on payroll.
$500bn in aid for hard-hit industries and states and $50bn for airlines.
$130bn in aid to hospitals.
$150bn to help state and local governments.
Who Am I ?
Just someone trying to highlight the positive news amongst a sea of negativity.