• Direct. Last minute about the coronavirus
  • USA. Immigrants, in limbo as Trump talks about "shattered Spain"
  • Markets: American oil rallies and European declines after historical shock in the US

US President Donald Trump and Democratic opposition leaders agreed Tuesday to approve a nearly $ 500 billion economic bailout plan that includes funds for hospitals and small businesses, in a bid to curb the ravages of the coronavirus.

The new agreement specifically includes $ 484 billion and raises the total amount of aid to $ 3 trillion, equivalent to the United Kingdom's Gross Domestic Product (GDP).

Democratic minority leader in the Senate Chuck Schumer revealed Tuesday morning that he had reached an agreement with the Republicans and later Trump announced on Twitter that he will support the new stimulus package that has yet to be approved. by the two houses of Congress. "I urge the Senate and the House of Representatives to approve this program ," Trump said on Twitter.

The Republican-majority Senate is expected to put the law to a vote this Tuesday so that, by the end of the week, it will be approved by the House of Representatives , in Democratic hands.

The deal includes $ 321 billion in low-interest loans for small businesses, $ 75 billion for hospitals and $ 25 billion to increase the number of tests being done nationwide, Schumer's office said in a statement.

If Congress approves it, this will be the fourth stimulus package to alleviate the ravages of the virus, which has infected more than 800,000 people and killed more than 43,700 in the United States, according to the latest data from the Johns Hopkins University.

In recent days, Democratic House Leader Nancy Pelosi has warned that this new bailout is just "a patch" and more funds will be needed to help the 22 million people who have stayed in the past month. unemployed due to economic slowdown.

Once the new bailout plan is approved, Trump intends to start a new negotiation with Democrats, he announced this Tuesday on Twitter.

His intention is for a new stimulus package to include aid for state and local governments , as well as tax cuts for restaurants, recreation centers and sports facilities. Trump also wants the next law to allocate funds to infrastructure construction, such as bridges.

For his part, Democrats are expected to continue pressing for increased funding for hospitals, his priority in this crisis.

According to the criteria of The Trust Project

Know more

  • United States
  • Donald trump
  • international
  • Coronavirus

InternationalUSA, without emergency medical supplies to deal with coronavirus

US Donald Trump extends measures of social distancing until April 30

EEUUTrump threatens to suspend US contribution to WHO