Donald Trump supports huge financial aid scheme to prop up US economy

Donald Trump supports huge financial aid scheme to prop up US economy

Speaking to Scripps Networks, when asked if he would support another payment to individual Americans, the US President said he would back the idea of giving a second round of aid. Mr Trump said: “We will be doing another stimulus package.”

He added that the move would come “over the next couple of weeks probably.”

Both Republicans and Democrats in Congress have agreed to give out direct payments of up to $1,200 (£961) each to millions of American citizens.

They can also receive additional payments of $500 (£400) per child.

These measures where signed into law by President Trump in March.

A $3 trillion (£2.4 trillion) bill passed through the House of Representatives in May.

It contained a second round of economic payments of up to $6,000 (£4,806) per US household.

However, the Republican held Senate has not yet taken up the package.

Lawmakers are reportedly not expected to move toward another Covid-19 bill until July.

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“We want to go big – we want to go solid. The country’s strong.”

He continued: “With this invisible enemy, we don’t want airlines going out of business or people not having jobs and being able to live, when they were doing OK four weeks ago.

“We have ways of getting out money in many ways, very quickly and very actively.”

This week, the US President introduced immigration restrictions to help American citizens affected by the economic impact of the pandemic.

Mr Trump extended a ban on green card applications until the end of the year.

He also suspended a range of “guest worker” visas that would have allowed anyone from scientists to au pairs to work in the US.

President Trump announced: “We have a moral duty to create an immigration system that protects the lives and jobs of our citizens.”

This came two months after Mr Trump initially suspended green cards in response to the millions of citizens in America who has lost their jobs.

However, the move was heavily criticised by business leaders.

Tom Donohue, head of the US Chamber of Commerce, said: “Putting up a ‘not welcome’ sign for engineers, executives, IT experts, doctors, nurses and other workers won’t help our country. It will hold us back.”

Published at Tue, 23 Jun 2020 03:57:00 +0000