US Congress passes $900 billion Covid-19 relief bill – so where’s all that cash going?

After months of intense negotiations, the American government looks finally set to inject billions of dollars into the US economy. The so-called “Covid-19 relief bill” should do exactly what it says on the tin: providing financial relief for millions of American citizens and business owners. But how exactly will it do that? Have a look below at some of the details of the bill:

For individuals

• Direct transfer payments for American citizens equal to $600 for every adult (and their children) if annual income is below $75,000.
• $300 per week for unemployed workers until mid-march
• $25 billion to be allocated for rental assistance

For small businesses

• $284 billion to be freed up for low-interest loans ($15 billion to be reserved for live venues and independent movie theatres)
• $10 billion for child care centers

For the transport sector

• $16 billion for airlines to pay employees
• $10 billion for highways
• $1 billion for Amtrak (American Railways)

For education

• $82 billion to be spent on helping schools and universities to reopen

For vaccines

• $68 billion to purchase and distribute Covid-19 vaccines across the country