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31 March, 2020, 10:47 pm
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31 March, 2020, 10:47 pm Central - 25°C Clouds

COVID-19: Trump and Senate agrees to economic relief package worth more than US $1.8 trillion

COVID-19: Trump and Senate agrees to economic relief package worth more than US $1.8 trillion

By Naveel Krishant
Thursday 26/03/2020
US President Donald Trump

US President Donald Trump and the Senate have agreed to a massive economic relief package worth more than US $1.8 trillion.

The package includes money to bail out industries that have been affected by the coronavirus crisis.

Republican Senate Majority leader Mitch McConnell described it as a "wartime level of investment" in the economy.

The relief plans lifted financial markets around the world, but investors remained on edge.

US markets, which surged on Tuesday in anticipation of the deal, teetered in the final moments of trade on Wednesday, closing below their peak for the day.

[Source: BBC]

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