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The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession.
After initially failing to pass in the Senate on March 22 and 23, the $1.4 trillion CARES Act was revised in the Senate, coming to $2 trillion, including $500 billion for loans to larger businesses such as airlines, $350 billion for small business loans, $250 billion for individuals (sent in $1,200 checks to individuals making less than $75,000 ...
The Coronavirus Aid, Relief, and Economic Security Act, [b] [1] also known as the CARES Act, [2] is a $2.2 trillion economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States.
Small businesses are the engine of the European economy and they play a vital role in our economic recovery and growth. These businesses need financial support for their digitalisation. In response to COVID-19, almost 60% of EU businesses have received financial help – subsidies or other non-repayable aid. Enterprises that incurred sales ...
The airline industry took a sizable hit to the tune of $35 billion in 2020, according to CNBC. American Airlines’ stock dropped 45% in 2020, while Delta lost 31% and United plummeted 51%. Safety ...
The Small Business Administration is offering assistance to those affected by the bridge collapse in Maryland. Small businesses in the Mid-Atlantic region will be eligible for low-interest, long ...
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