US President Donald Trump, one of the world's most powerful countries, announced a $ 2,000 billion economic package for the Coronavirus-affected economy on Friday. It is the largest economic package in the history of America. Trump told reporters at the White House that the need for immediate relief from this economic package would be met. He said that America will strengthen its small and big businesses through this fund. According to the news of the news agency Bloomberg, pouring money under this scheme will help big companies, small businessmen and people whose income has been halted due to the measures taken to prevent the virus.
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America has emerged as a new center of coronavirus, where more than one lakh people are said to be infected. In the case of infection, America has overtaken China. It is noteworthy that after climbing for three days, the stock markets closed on Friday. Traders booked profits before the announcement of the economic package. During this period, the S&P 500 declined by 3.4% and the Dow by 4.1%.
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Trump urged the Congress to finalize the package as soon as possible. Earlier, he had said that he would provide financial help to working families and small businessmen. Looking at the long-term effects on the economy, Trump is considering easing the Federal Guidelines. However, many governors, public health experts and some members of his government are also in favor of prolonging the restrictions.
