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The Coronavirus Aid, Relief, and Economic Security Act, [b] [1] also known as the CARES Act, [2] is a $2.2 trillion economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States.
The American Workers, Families, And Employers Assistance Act – The bill, introduced by senator Chuck Grassley, contains a $1,200 stimulus check, for individuals with incomes up to $75,000 the same as in the CARES Act. The bill also contains the supplemental employment benefits, with $600 per week through July 31, $200 per week through October ...
The Consolidated Appropriations Act, 2021 is a $2.3 trillion [1] spending bill that combines $900 billion in stimulus relief for the COVID-19 pandemic in the United States with a $1.4 trillion omnibus spending bill for the 2021 federal fiscal year (combining 12 separate annual appropriations bills) and prevents a government shutdown.
The CBO also revised its assessment of the long-term impact of the bill. After 2014, the stimulus is estimated to decrease output by zero to 0.2%. The stimulus is not expected to have a negative impact on employment in any period of time. [99] In 2011, the Department of Commerce revised some of its previous estimates. Economist Dean Baker ...
According to the new Executive Instrument, E.I. 164, signed by the President on 15 June 2020, people who refuse to wear face masks in public could face jail terms of between 4–10 years or a fine of between GHS12,000 (approx US$2,065) and GHS60,000 (approx US$10,320) or both would be made.
On November 12, 2008, Paulson indicated that reviving the securitization market for consumer credit would be a new priority in the second allotment. [ 18 ] [ 19 ] On December 19, 2008, President Bush used his executive authority to declare that TARP funds could be spent on any program that Paulson, [ 20 ] deemed necessary to alleviate the 2008 ...
The 128-month (10.7-year) economic expansion that began in June 2009 abruptly ended at a peak in February 2020, with the U.S. entering a recession due to the COVID-19 pandemic. [12] The U.S. unemployment rate, which had hit a 50-year low (3.5%) in February 2020, hit a 90-year high (14.7%) just two months later, matching Great Depression levels.
Poverty rates by sex and work status for Americans aged 65 and over. The US Census declared that in 2014, 14.8% of the general population lived in poverty: [93] As of 2010 about half of those living in poverty are non-Hispanic white (19.6 million). [93] Non-Hispanic white children comprised 57% of all poor rural children. [94]