US $1.8 trillion Support Package (25th March 2020)
US Support Package Announced
American President Donald Trump, and the Senate, have sanctioned a huge relief package for the American economy… worth more than $1.8 trillion (£1.5tn). This includes money to ‘bail out’ industries that have been affected by the coronavirus crisis.
It was described, by Republican Senate Majority leader (Mitch McConnell), as a “wartime level of investment” in the American economy.
On Tuesday, markets in the US had surged, jumping by 11.4% – the largest one-day gain since the Great Depression, in anticipation of a support package deal. This morning, shares have also risen in Europe on the news.
A full report can be found on the BBC Here!
As ever, please do your own research (DYOR) and make up your own minds accordingly.
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Mick (25th March 2020)