Second Stimulus Package Total Cost

What s more the u s.

Second stimulus package total cost. Must pay interest on its debt so the total cost of borrowing the 2 trillion for stimulus will go up over time. However with interest rates at historic lows now is not a. A second round of stimulus checks may soon land in the bank accounts of millions of americans after president donald trump signed a 900 billion economic relief package on december 27.

286 billion in direct aid including 600 checks and 300 weekly unemployment benefits. 600 direct payment checks for every adult and child earning up to 75 000. Details of the second covid stimulus package details of the second covid 19 stimulus package the bill is also referred to as consolidated appropriations act 2021.

The bill creates a. In the heroes act the 3 trillion stimulus package that house democrats passed the second stimulus check is 1 200. The package includes 20 billion for the purchase of vaccines nearly 9 billion for vaccine distribution and about 22 billion to help states with testing tracing and covid 19 mitigation.

Critically according to mitt romney one of the senators who brokered the agreement 560 billion of the package s total appropriation just relocates funds already approved under the cares act. The stimulus package would provide about 117 billion for hospitals according to an estimate from the american hospital association which called it an important first step.