Late on Sunday, December 27th, US President Donald Trump signed the budget bill for the 2021 fiscal year ending on September 30th. The bill allocates funds for a stimulus package to the US economy and direct payments to citizens that suffered during the COVID-19 pandemic. This is said to have helped to avoid a shutdown.
The deal signed by the US President includes a stimulus package of almost $900 billion. Earlier DonaldTrump refused to sign the document, demanding a number of changes to be introduced.
Last Sunday, a group of 11 Senators and Congressmen pleaded with the President to sign the national budget. The alternative was to abandon the COVID-19 stimulus bill. Donald Trump opted to sign the deal.
The new spending bill envisages $1.4 trillion financing of the government as far as September next year. It also includes the $900 billion stimulus package.
It is to be mentioned that the main stumbling stone was the disagreement between the legislators. It took the Senate and Congress more than a month to hammer out their differences. However, this past week ending on December 27th, the Congress gave a nod to the new stimulus package.