Biden’s $1.9 trillion COVID-19 bill wins final approval in House

  • Date: 11-Mar-2021
  • Source: Egypt Independent
  • Sector:Economy
  • Country:Middle East
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Biden’s $1.9 trillion COVID-19 bill wins final approval in House

WASHINGTON (Reuters) - The US House of Representatives gave final approval on Wednesday to one of the largest economic stimulus measures in American history, a sweeping $1.9 trillion COVID-19 relief bill that gives President Joe Biden his first major victory in office.

The measure provides $400 billion for $1,400 direct payments to most Americans, $350 billion in aid to state and local governments, an expansion of the child tax credit and increased funding for vaccine distribution. Forecasters expect it to supercharge the US economic recovery.

"Help is here,“ Biden wrote in a tweet after the vote. The White House said he plans to sign the bill on Friday.

Approval by a 220-211 vote in the Democratic-controlled chamber came with zero Republican support after weeks of partisan debate and wrangling in Congress. Democrats described the legislation as a critical response to a pandemic that has killed more than 528,000 people and thrown millions out of work.

"This is a historic day. It is the beginning of the end of the great COVID depression,“ Democratic Representative Jan Schakowsky said.

Treasury Secretary Janet Yellen said in a statement that passage of the legislation was a pivotal day for the U.S. economy and would speed its recovery. 

But Republicans said