Washington
The White House unveiled a $916 billion stimulus proposal on Tuesday in a final dash to break a months-long logjam over new aid for the coronavirus-stricken US economy before President Donald Trump leaves office in January.
Treasury Secretary Steven Mnuchin announced the plan, which he said includes “money for state and local governments and robust liability protections for businesses, schools and universities.”
Those elements have been key sticking points in negotiations between Democratic and Republican lawmakers.
The proposal comes weeks before Trump is set to hand over power to President-elect Joe Biden and a new Congress takes office, and as the country struggles with the world’s worst Covid-19 outbreak that has caused the worst economic downturn in a century.–AFP
