Trump signs coronavirus relief and government funding bill averting financial ruin for many under benefits


On Sunday night, President Donald Trump finally signed the $900 million coronavirus relief and government funding bill into law. This bill was passed thanks to huge efforts from a dedicated caucus of Republicans and Democrats. It suffered more temporary setbacks as President Trump refused to ratify it into law.


The Congress had passed the bill on Monday. The COVID-19 relief legislation was flown to Mar-a-Lago on Thursday. However, the President raised objections about the $600 direct stimulus checks and wanted the amount to be raised to $2000. In a statement he said that he signed the bill after obtaining a commitment from the Senate to consider increasing the current amount of direct payments through new laws.


Mitch McConnell, Senate Majority Leader, praised his party leader, President Trump for converting the bill to law with his signature, though he did not refer to the commitment in his statement.


House Speaker Pelosi realized the benefit of President Trump’s call to the Senate to increase the stimulus checks to $2000 and brought a standalone bill, on Thursday, to increase the amounts for relief checks. There were objections to it by House Republicans who did not support their leader’s call.


In a statement on Sunday Pelosi urged the President to garner support from the House Republicans, of his party, to join the Democrats and support their standalone legislation to increase the check amount to $2000.

Follow us on Google news for more updates and News


This content is being provided to you for informational purposes only. The content has been prepared by third parties not affiliated with CWEB Inc, a business. This content and any information contained therein, does not constitute a recommendation by CWEB to buy, sell or hold any security, financial product or instrument referenced in the content. This information neither is, nor should be construed as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. CWEB Inc. does not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.

Unless stated otherwise, the web content provided by the CWEB family of companies is for educational purposes only. The information and tools provided neither are, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. or its affiliates. Unless stated otherwise, no information presented constitutes a recommendation by CWEB Inc. or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy.

Full Disclaimer

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.