FX.co ★ Trump finally signed the law to implement a $ 900 billion stimulus package

Donald Trump, who is still the head of the White House, finally signed a massive bill last night with regards to the allocation of state aid to the US economy. This is designed to provide support to the population and business during the pandemic. Government funding under this bill is $ 2.3 trillion and it will be in effect until September 30 next year. The bill is necessary in order to restore unemployment benefits, provide assistance to the population in renting housing, prevent evictions, promote greater distribution of vaccines, etc.

Earlier, Trump refused to sign the bill, demanding some amendments from Congress that would significantly increase payments to Americans and small businesses. But today, December 28, he promised that the House of Representatives of Congress will vote on increasing payments to American citizens: the President proposed $2,000 per person instead of the previously agreed $600. In addition, the House of Representatives and the Senate are going to focus on those clear frauds that took place in the presidential election on November 3, according to Trump and his representatives.

At the same time, Trump supports the complete abolition of Article 230, which is part of the bill on budgetary allocations for national defense. This law was passed in the United States in 1996 and suggests that Internet platforms can freely post user generated content without any legal liability. The President believes that this section is very dangerous and extremely unfair.

Amid this news, the US dollar weakened noticeably. However, today's trading should not be considered indicative, since many investors are still on the Christmas holiday. Moreover, the dollar index has remained almost unchanged and is near the level of 89.96, after declining for the past three days.