The $900 billion stimulus package aimed at bolstering the US economy during the coronavirus pandemic was signed into law by President Donald Trump on Sunday, freeing up the funds after a week of doubts. A budget of just over $10 billion dollars is also planned for nurseries and other establishments that cater to the youngest kids. In the first version, that debt could be written off if the money was used to pay wages. Aid amounting to $16 billion dollars is expected to save thousands of airline jobs and those among the industry's subcontractors. Independent cinemas, theaters, concert halls, and cultural institutions, all of which were hit particularly hard by the pandemic, will benefit from $15 billion in aid.

Source: Mint December 28, 2020 23:15 UTC