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What is new about the stimulus package? 19-10-2020

News Date: 19/10/2020 03:46:14
 

The talk about the implementation package, which is an American plan to support the economy in the face of the epidemic, has continued since last July, with the continuing spread of the Corona virus among American citizens, and its continuing repercussions on the labor market.

In this regard, House Speaker Nancy Pelosi suspendes her hopes about passing the stimulus package before the elections, thus giving the Trump administration 48 hours to approve the package, appealing to him to resolve the conflict, and the president expressed her optimism about this matter.

The House rejected the latest $ 1.8 trillion package from the White House, while the Democrats wanted the $ 2.2 trillion package. The two sides differ on aspects of funding, while the Senate votes on a package next Wednesday, which includes spending for schools, expansion of unemployment benefits and a second round of the wage protection program.

Of course, accepting the stimulus package would harm the US dollar index, while it would positively affect the price of gold futures contracts.

 

The Japanese stock indices rose at the beginning of the day, as the Nikkei index reached 2,3543.69 points, after climbing by 0.57%, while the broader Topix index increased by 0.56%, to record 1626.79 points.

 

10 thousand and 982 new confirmed cases of Coronavirus were recorded in Brazil yesterday, Sunday, while the number of deaths reached 230 deaths, bringing the total number of infections registered so far to 4,235,344 cases, with 153,905 deaths.

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