The Intelligence from The Economist Reconciled to it: America’s stimulus bill
Mar 9, 2021
The U.S. is on the brink of passing a massive $1.9 trillion COVID relief plan, thanks to clever legislative tactics. Meanwhile, Senegal is experiencing unusual protests triggered by the arrest of an opposition leader, revealing deep-seated frustrations among its youth. The discussion also takes a nostalgic turn as it reflects on the rise and fall of mobile phone ringtones, once cultural staples that defined personal expression in the early days of cell phones.
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COVID Relief Bill
- The $1.9 trillion COVID relief bill passed with only Democratic support.
- It includes $1,400 checks, school funding, and billions for vaccines and testing.
Senate Bill Passage
- Republicans tried to stall the bill's passage with procedural tactics, including a record-breaking 12-hour vote.
- Democrats celebrated its passage as a new day for America.
Child Tax Credit Expansion
- The bill significantly expands the child tax credit, potentially halving child poverty.
- This temporary change could become a permanent shift in the US welfare system.