White house offers new covid relief package


US white house presented new Covid relief bill for 916 billion USD, istead of Democrats proposed 2 trillion package. This is much smaller bill and doesnt have 1200 USD for everyone and is focus more on small and medium firms. Democrats wanted much bigger stimulus, but they will probably support this bill as they expect Biden when is sworn into office to increase funding so they will rather support some help than have nothing at all. Its positive news for US stocks. (Petersnon, Wall Street Journal)

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