WASHINGTON – The American Apparel and Footwear Association (AAFA) has welcomed Senate approval of a US$2 trillion war chest which will ease the hardship felt by businesses across the country since the outbreak of the coronavirus which is now rampant in the states.
An estimated 3.3 million people filed for unemployment in the USA last week alone as it reels from a surge in coronavirus cases and a huge hit to its economy.
Senators have now agreed to the terms of a new bill which will provide direct payments of US$1,200 to millions of individuals who earn US$75,000 or less, and an additional US$500 per child. Whilst US$500bn is set aside to help companies via a loan system and US$350bn has been designated to support small businesses.
