Treasury launches 350 billion aid program for governments
The Treasury begins distributing 350 billion dollars to state local territorial and tribal governments under the 1.9 trillion relief package. Officials say funds will flow in two main installments with broad spending categories including public health water sewer and broadband.
MENTIONED IN THIS ARTICLE
Treasury Department
U.S
Joe Biden
Biden
White House
Treasury
Gene Sperling
Adam Levin
Pew Charitable Trusts
EU recovery measures total about 5.85 trillion dollars
EU Economy Commissioner Paolo Gentiloni told a European Parliament committee the bloc and its 27 members have around 5.85 trillion dollars in recovery measures from the pandemic. He compared the total to the United States stimulus effort, noting 4.8 trillion euros already in place plus a 910 billion euro Recovery Fund and a 1.3 trillion euro seven year budget.
MENTIONED IN THIS ARTICLE
Brussels
European Union
Paolo Gentiloni
European Parliament
U.S
Joe Biden
Washington
Biden
Gentiloni
United States
California governor proposes up to 1100 dollar tax rebates
Gov. Gavin Newsom unveils a pandemic recovery plan funded by a 75 billion dollar budget surplus. Eligible Californians earning 30000 to 75000 dollars a year would receive 600 dollars, with an additional 500 dollars for households with at least one child. The package also includes 5.2 billion for back rent and 2 billion for overdue utility bills. Palmer notes the plan totals about 8.1 billion in rebates. Newsom urges action now but may wait.
MENTIONED IN THIS ARTICLE
Labor Department
Sacramento
Calif
Newsom
Oakland
Palmer
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