In case you missed it, President Trump has signed the massive stimulus bill after final passage by the U.S. House. The two-trillion dollar measure is the biggest economic rescue package in American history.
As we told you before, the package passed in the Senate late Wednesday night. Trump signed the bill during a brief ceremony in the Oval Office. He said it will deliver urgently needed relief to families and businesses. Under growing pressure, Trump also noted he has invoked the Defense Production Act and has ordered GM to start making ventilators.
A growing concern for many? With regard to the corporate bailouts, the President is refusing to provide documentation for audits into $500-billion those companies are receiving – specifically, how they’re spending those funds.
Meanwhile, more low-income Americans will be able to receive a 12-hundred-dollar coronavirus check because of a last-minute revision to the stimulus package. Initially, Congress passed the recovery package that included one-time payments of up to 12-hundred dollars to most Americans who filed tax returns last year. A 600-dollar minimum payment would go to those with little income tax liability. After a last-minute revision to the bill Friday, Americans with little or no tax liability will now be able to get 12-hundred dollars. To qualify, they must have filed a tax return in the past two years.
ONE MORE THING! During the signing ceremony, Trump said he has spoken with some other world leaders about the coronavirus pandemic. The calls included British Prime Minister Boris Johnson, who has been diagnosed with the coronavirus, and German Chancellor Angela Merkel, who is under quarantine as a precautionary measure. Trump also spoke with Chinese President Xi and said Xi vowed to send coronavirus data to the U.S.