10 GOP senators release details of $618 bln COVID relief plan, an alternative proposal to Biden's $1.9 trln stimulus package

Market news

1 February 2021

10 GOP senators release details of $618 bln COVID relief plan, an alternative proposal to Biden's $1.9 trln stimulus package

The proposal includes:

$160 bln for COVID-19 response (incl. vaccine distribution);
$50 bln for small businesses
$20 bln to help open the schools that are still closed;
$220 bln for direct payments for people ($1,000/person)
$132 bln for UI ($300/week through June 30 for all states)

U.S.: ISM Manufacturing, January 58.7 (forecast 60)

U.S.: Manufacturing PMI, January 59.2 (forecast 59.1)

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