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Joe Biden writes a cheque for America – and the rest of the world

The president’s $1.9tn stimulus package should lift US GDP by up to 4% – and thus buoy up the whole of the global economy

US president Joe Biden did the world a favour last Thursday when he signed a bill handing $1.9 trillion (£1.4tn) of rescue funds to state and federal agencies, millions of students and workers and the US vaccination programme.

The money will appear first as cheques landing on household doormats as early as this week, softening the blow of the pandemic for those in work and for the many who remain out of work and under severe financial strain.

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Read the original article at The Guardian

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