Economy Sustained Recession, US Plans For US $ 600 Billion Fourth Round Of Stimulus
Recently, the three major US stock indexes closed collectively again, with the Dow Jones Industrial Average down over 400 points. Affected by the new crown epidemic, the global economy was hit hard in the first quarter of this year. Nearly 100 stock indexes fell by more than 20%. US stocks also created a historical record of 4 circuit breakers in a month. The Dow Jones Index recorded the worst first quarter performance in history. . Although U.S. President Donald Trump has signed a third round of economic stimulus bills totaling $ 2.2 trillion on March 27, the White House and Congress Democrats have begun preparing for the fourth round of economic stimulus. The scale is expected to reach US $ 600 billion, including more state aid and financial assistance to the mortgage market and tourism. The Speaker of the United States House of Representatives and Democratic Leader Pelosi also revealed on March 30 that the focus of the fourth round of economic stimulus bill will be on economic recovery. Democrats have started to collect information and take stock of information that may be needed for the new round of stimulus programs. Pelosi revealed that measures that may be considered in the fourth round of the stimulus bill include removing caps on state and local tax cuts, increasing federal aid to states and local governments, and further issuing cash assistance directly to Americans. She also said that voting for the US elections in the coming months would have to be completed by mail, and lawmakers would also re-evaluate Trump's response to the crisis.