American politicians have been unable to agree on the stimulus package for the economy during the coronavirus pandemic for several days. According to new bills, every citizen of the country would receive 2,000 from the "state". dollars a month. in addition, the proposed provisions also include the introduction of a "digital dollar".

Digital dollar and cash injection for citizens with a coronavirus pandemic prescription?

During a controversial debate about a huge stimulus package in response to a coronavirus pandemic, Democrats in the US House of Representatives are trying to introduce a "digital dollar" to improve payments to US citizens, especially those outside the traditional systemfinancial statements.

Two bills released last week propose, amongst others, the creation of digital wallets for citizens and a "digital dollar". The Federal Reserve System - the country's central bank - could use these virtual dollars and digital wallets to send payments to citizens.

The digitization of the dollar is seen by many influential people as a necessity for the United States, and former CFTC Commissioner JChristopher Giancarlo and economist Judy Shelton - which US President Donald Trump nominated to the Fed board - argue that the country may lose financial hegemony if it does not.

According to new regulations, every citizen would receive payments in the amount of 2 thousand. dollars per month (for adults) or 1 thous. dollars (for minors). these payments would last until the recovery of the economy and, according to the authors of the laws, would help citizens to survive the crisis, and especially the closure of companies, which resulted in a sharp increase in the number of unemployed and potentially serious recession ..

Deadlock in the US Congress on the stimulus package.

Democratic laws appear when the Senate, under Republican leadership, remains in stalemate. In recent days, Democrats have twice blocked a bill proposed by Republicans that they criticized for favoring large enterprises at the expense of ordinary citizens. Democrats demand greater protection for workers in it, and Republicans call not to waste time and calm down shaky financial markets as soon as possible.

According to recent reports, Senate Republicans and Democrats have approached agreement on a new stimulus package that would inject about $ 2 trillion into the economy. in connection with the potential agreement, all major US indexes began trading with increases of several percent.