Spuntree

U.S. plans to distribute cash to people in two weeks

publisher: Spuntree
Time: 2020-03-18
Summary: U.S. plans to distribute cash to people in two weeks
U.S. plans to distribute cash to people in two weeks
On March 17, the US government launched a fiscal stimulus package. Many foreign media have reported that the stimulus plan will exceed US $ 1 trillion, including direct cash distribution to the American public. Trump tried to inspire at the press conference: "Once the war against the epidemic is won, the economy will skyrocket." In addition, the Fed announced the restoration of commercial paper financing mechanisms, purchase of corporate bills, and unsecured short-term loans to businesses. Fiscal and monetary policies have taken a two-pronged approach. The three major US stock indexes have risen strongly. The Dow rose 5.2%, the S & P 500 rose 6%, and the Nasdaq rose 6.23%.

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