US President Donald Trump has signed off on the gigantic new aid program against the corona crisis. As the White House announced on Sunday, Trump has now signed the bill. Previously, the US President had blocked the bipartisan bundle of measures passed by Congress with a volume of around $ 900 billion.
Earlier this week he indirectly threatened to veto the legislative package. He called the package a “shame”. Trump demanded that most US citizens receive a one-time aid payment of $ 2,000 each. The stimulus package only provides for a payment of $ 600. The White House has now announced that the House of Representatives will vote on an increase in the payment on Monday.
Republicans had opposed a larger package
Trump’s Republicans in the House of Parliament had rejected such an effort by the Democrats on Thursday. In addition, the approval of the Senate would also be required. The Republicans there had been barring a major stimulus package for months.
The Corona aid package is linked to a new budget law. Trump thus reportedly signed a new transitional budget with the aid program, which had been launched by his Republicans and the opposition Democrats. This avoids a shutdown by federal authorities that threatened from Monday at midnight (local time).
The new package of measures was agreed after months of tough negotiations between Republicans and Democrats and was approved by the House and Senate last Monday.
The new aid program complements previous measures against the economic and social consequences of the pandemic. Back in March, the US Congress launched a gigantic economic stimulus package – with a volume of 2.2 trillion dollars, it was the largest aid package in US history. The financial resources were then increased in April with a further aid program.