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  • 2020-03-25
  • Source: TTN
  • by: TTN Staff

    The White House and the Senate have come to a deal on the stimulus package that should be able to help bring more life into the economy. This stimulus package was hard to get through due to constant obstruction and many looking to stuff it with junk. Here is what you need to know about the Stimulus package:

    1.) Loan Program



    A major aspect of the bill is the small business loan program in it. If you own a small business that is being impacted by the Coronavirus this program will help. It has received $367 billion and it should be able to keep the small business floating while the pandemic rages on.     


    2.) Industries and Cities


    Like the small business loan program, another program has been created for cities and industries alike. This program is to ensure there is still American industry after COVID-19 passes and it will receive $500 billion in funding.

    3.) American Cash



    The biggest shock to come out of the stimulus package is the $1,200 being set aside for American citizens. This money is meant to stimulate the economy and is going to be sent to many Americans. The details are still scarce and may be subject to all sorts of regulations and changes but this is promising to say the least.  

     4.) Hospital Funding



    $130 billion has been promised for hospitals, this is big. While keeping the economy afloat is important the lives of Americans are more important. While only so much funding can help these hospitals with the main problem being sheer manpower, this money will help in this time of crisis.

    5.) $2 Trillion Bill


    The Stimulus Bill is going to free up $2 Trillion to help fix the economy during the COVID-19 pandemic. This is an extremely extensive stimulus package that was sure to cost a lot, while the expenses are high, the price tag is largely necessary to fight off this disaster and mitigate its effects.