News analysis

Biggest rescue plan since WWII to pull US economy out of deep hole

It is estimated that the Bill will lift out of poverty, or at least stave off poverty for, some 13 million Americans.PHOTO: AFP

WASHINGTON - President Joe Biden's US$1.9 trillion (S$2.6 trillion) Covid-19 "American Rescue Plan" stimulus is the largest government intervention in the US economy since World War II.

The Bill, passed by the Senate over the weekend, is up for a House vote this week, and is expected to pass. President Biden will sign it soon after.

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