Politics this week

America’s House of Representatives gave the final approval to Joe Biden’s $1.9trn stimulus bill. The legislation will send direct payments of up to $1,400 to each American, extend a $300 per week top-up to unemployment benefit until September, and expand provisions for poorer households, among many other things. The OECD thinks the stimulus will turbocharge the American economy and add a percentage point to global growth. See article.