Just In: Trump Makes U-turn, Signs $2.3trn Bill

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Agency Report– Outgoing US President Donald Trump backpedals and signs the $2.3trillion bill

Outgoing U.S. President Donald Trump dropped his objections Sunday night and signed the $2.3 trillion COVID-19 relief and government spending bill.

The bill incorporates $600 stimulus checks for most Americans.

Trump had teased about the likelihood of his backpedaling when he wrote o Twitter: “Good news on Covid Relief Bill. Information to follow!”

The over 5,600-page bill was passed by Congress on Monday night.

The bill authorizes direct checks of $600 for people earning up to $75,000 per year. The amount decreases for higher earners and people who make over $95,000 get nothing.

It also contains a $600 per child stimulus payment.

The bill creates a new $300 weekly unemployment supplement and replenishes a forgivable loan program for small businesses.

Trump had objected to the omnibus bill, saying it offers little to the struggling Americans.

Instead, he wants the $600 checks to be increased to $2,000.

He also wanted the bill to expunge extraneous items, such as foreign aid.

He actually in a viral video described the bill “a disaster.”

'Dotun Akintomide
'Dotun Akintomide
'Dotun Akintomide's journalism works intersect business, environment, politics and developmental issues. Among a number of local and international publications, his work has appeared in the New York Times. He's a winner of the National Youth Service Corps (NYSC) Award. Currently, the Online Editor at The New Diplomat, Akintomide has produced reports that uniquely spoke to Nigeria's experience on Climate Change issues. When Akintomide is not writing, volunteering or working on a media project, you can find him seeing beautiful sites like the sandy beaches that bedecked the Lagos coastline.

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