JUST IN: Trump Signs $2.3 trillion COVID-19 relief bill
Thompson Nsisongabasi
Dec 28, 2020
Outgoing US President Donald Trump backpedals and signs the $2.3trillion bill
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Outgoing U.S. President Donald Trump dropped his objections Sunday night and signed the $2.3 trillion COVID-19 relief and government spending bill.
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The bill incorporates $600 stimulus checks for most Americans.
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Trump had teased about the likelihood of his backpedaling when he wrote o Twitter: "Good news on Covid Relief Bill. Information to follow!ÔÇØ
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The over 5,600-page bill was passed by Congress on Monday night.
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The bill authorizes direct checks of $600 for people earning up to $75,000 per year. The amount decreases for higher earners and people who make over $95,000 get nothing.
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It also contains a $600 per child stimulus payment.
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The bill creates a new $300 weekly unemployment supplement and replenishes a forgivable loan program for small businesses.
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Trump had objected to the omnibus bill, saying it offers little to the struggling Americans.
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Instead, he wants the $600 checks to be increased to $2,000.
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He also wanted the bill to expunge extraneous items, such as foreign aid.
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He actually in a viral video described the bill ' a disaster'.
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— Thompson Nsisongabasi