US introduces $1.5 trillion stimulus package
by ChemOrbis Editorial Team - content@chemorbis.com
According to media sources, the US proposed a $1.5 trillion stimulus after the first aid package worth around $2.2 trillion had been rejected by the democrats.
In addition, the Trump administration also set aside a $20 billion extension package for airlines which are severely battered by virus-led lockdowns and measures.
Although $1.5 trillion package has not been approved yet, the optimistic atmosphere it has created has managed to support global stock markets and WTI crude oil. Still, the upcoming elections in November weighs on the sentiment in the US.
In addition, the Trump administration also set aside a $20 billion extension package for airlines which are severely battered by virus-led lockdowns and measures.
Although $1.5 trillion package has not been approved yet, the optimistic atmosphere it has created has managed to support global stock markets and WTI crude oil. Still, the upcoming elections in November weighs on the sentiment in the US.
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