U.S. Senators closing on a USD 10 billion worth deal for COVID-19 aid
Category: #healthcare  By Mateen Dalal  Date: 2022-04-06
  • share
  • Twitter
  • Facebook
  • LinkedIn

U.S. Senators closing on a USD 10 billion worth deal for COVID-19 aid

Senators in Congress are reportedly negotiating to add another USD 10 billion in COVID-19 funds to handle the needs of the United States while writing off foreign assistance from the package. A vote on this could come out as soon as this week and then be forwarded to the House of Representatives for approval.

Sources close to the situation have claimed that the negotiated amount if agreed to, will be less than half the USD 22.5 billion demanded by President Joe Biden to help tackle potential variants and strengthen the country's pandemic infrastructure.

Nancy Pelosi, Speaker of the United States House of Representatives, stated that after the Senate signs off on the offer, the office would consider sending it to the President as it appears likely to meet the urgent requirement for more vaccines, testing, and therapeutics, although it does not satisfy the leadership's suggestion.

However, as the worldwide fight against the COVID-19 pandemic enters its third year, Joe Biden has requested additional financial assistance.

Notably, U.S. Senators have stated that they do not anticipate an alarming rise based on the recent BA.2 Omicron variant and have deemed the funding necessary only to ramp up the accessibility of vaccines at no cost and to amplify testing & surveillance.

Last week, following the approval of a second booster for America's senior citizens, government officials indicated that without increased funding, the country will most likely run out of free immunizations.

To that end, Biden had cautioned lawmakers that the repercussions of neglect would be drastic, as they were debating a USD 15 billion bills that also included USD 5 billion for overseas assistance.

It is worth noting that health experts have made clear that the virus can only be entirely mutated through global immunization. Nonetheless, Members of Congress were unable to envision the source for funding the global response but were willing to fund the international efforts in a distinct fiscally sound solution.

Source credit:

https://health.economictimes.indiatimes.com/news/policy/u-s-senate-negotiators-reach-deal-on-10-bln-for-covid-aid/90659800

About Author

Mateen Dalal    

Mateen Dalal

Despite working as a professional testing engineer, Mateen Dalal always held a liking for content creation. Following his passion, he now pens down articles for itresearchbrief.com and a couple of similar portals. Mateen is a qualified electronics and telecommunicat...

Read More>>

More News By Mateen Dalal

Ellipsis Health, Augmedix to offer automated mental health patient screenings
Ellipsis Health, Augmedix to offer automated mental health patient screenings
By Mateen Dalal

AI vocal biomarker technology provider Ellipsis Health has reportedly disclosed a strategic partners...

Enevate, NantG Power partner to develop next-gen ultra-high-performance battery
Enevate, NantG Power partner to develop next-gen ultra-high-performance battery
By Mateen Dalal

A strategic agreement to produce next-generation battery was announced by Enevate and NantG Power, t...

TPG in plans to invest $336M in Denodo for accelerating growth
TPG in plans to invest $336M in Denodo for accelerating growth
By Mateen Dalal

Denodo, a leading data management company, and TPG, a global alternative asset management ...