Trump Reluctantly Signs $900 Stimulus Bill. Is It Too Little Too Late?

  • After a week-long delay and an eleventh hour threat of a veto, President Trump finally signed the USD 900 billion stimulus plan, late on Sunday, December 27. The plan was passed a day after federal unemployment benefits for millions of US citizens lapsed, which are extended again in the new bill. However, the roll out of the plan is expected to take some time, putting millions in a period of uncertainty.
  • While the newly passed bill extends these programs, the processing of payments under them will take longer than expected. According to a report in Time’s NextAdvisor, payments under the extended schemes will start only in the later part of January.
  • The campaign will seek to put pressure on the upcoming Biden government to not only clear a more comprehensive COVID-19 relief plan, but also push for a progressive agenda that includes cancelling of student debts, raising the minimum wage to USD 15, universal access to a social security net and an end to “endless wars”.

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