On April 1st, President Donald Trump called on the bipartisan US Congress to swiftly pass a $2 trillion budget package for infrastructure development.
The President of the United States called for a $2 trillion spending package to rebuild infrastructure.
On the social media platform Twitter, President Trump stated that the current 0% interest rate in the US is a great opportunity to pass the long-awaited Infrastructure Bill. He emphasized that the “huge” $2 trillion budget package would primarily be used to create more jobs and rebuild the nation’s once robust infrastructure.
This proposal comes just a week after President Trump signed a $2 trillion economic relief package to support businesses of all sizes amid a stalled US economy due to social distancing measures and travel restrictions to combat the Covid-19 pandemic.
President Trump has long advocated for robust spending on new construction and upgrades to the country’s bridges, roads, and other essential infrastructure that he believes have been neglected for too long. While Republican lawmakers, whom Trump represents, have been skeptical of a large infrastructure investment bill, Democrats strongly support this idea.
This issue has gained heightened public attention as Covid-19 has increased unemployment rates. Many economic experts warn that businesses may struggle to ramp up even after the pandemic recedes.
Currently, the US has the highest number of confirmed Covid-19 cases globally, surpassing even China where the outbreak originated. US health experts warn that Covid-19 could lead to between 100,000 and 240,000 deaths in the US, even with adherence to preventive measures such as staying indoors and limiting social contact. However, they also hope that the death toll will not reach those levels.
Amidst escalating concerns over the pandemic, President Trump urged every American to mentally prepare for difficult days ahead and extended social distancing guidelines until April 30th, citing anticipated challenges in the next two weeks.
According to Worldometers.info, as of April 6th, the US has recorded 356,414 Covid-19 cases and 10,490 deaths.
