U.S. House of Representatives Allocates $ 3 Trillion More to Support Economy

The U.S. House of Representatives passed a bill to allocate another 3 trillion dollars to support the economy in the context of the coronavirus pandemic, according to the results of the vote.

The document under the pathos title “Law on Heroes” (workers in vital industries) was supported by Democrats, who have a majority in the House.

Republicans, who usually oppose the direct distribution of money to states and organizations, preferring tax breaks, mostly opposed. 208 congressmen spoke in favor, 199 against.

Now, House Speaker Nancy Pelosi will have to bargain with the Senate, where the Republicans have the majority, and the White House.

Both Republicans in the Senate and the White House opposed such a move, saying that not enough time has passed since the last 2-trillion aid package to determine whether such a huge infusion is needed in the US economy.

Senate leader Mitch McConnell expressed skepticism about the bill – he said a more “narrow-minded” document was needed. US Presidential Advisor on Economics Larry Kudlow, in turn, said that the law, in his opinion, was aimed “past the target.”

To date, Congress has allocated a total of about $ 3 trillion to support the economy.