By Andrew TothOctober 5, 2017 12:22PMPresident Donald Trump signed a $1 billion stimulus package into law Friday night that provides millions of dollars for Americans to spend on everything from hair care to food, a key piece of the package that he hailed as “historic” and a “game-changer” for the economy.
The $500 billion bill also includes $1 trillion for a variety of economic and environmental projects that Trump hailed as historic.
The president was at a signing ceremony at the White House for the bill.
Trump is set to sign the $500.4 billion stimulus bill Friday evening.
It is the largest stimulus package since the Great Recession.
It also is one of Trump’s biggest legislative achievements.
Trump, who campaigned on a pledge to restore the economy and cut taxes, has been hammering the stimulus package hard.
He tweeted Friday that the stimulus is a game-changers for jobs, economic growth and the U.S. military.
Trump also has a major agenda item of his own to get through Congress this week.
He is set for a speech at the United Nations, where he will address climate change and other international issues.
The speech at U.N. headquarters in New York will mark Trump’s second in the last month.
He has previously delivered remarks at the U-N and the World Bank.
The stimulus bill is also expected to help spur the economy through the holidays, when many Americans spend more time at home than at work.
The bill, which is named the Jobs Act, is aimed at boosting the U,S.
economy by lifting up wages for Americans and by lowering taxes on the rich.
It also is a major step toward helping the nation recover from the global financial crisis that began in 2007.
The bill is expected to generate nearly $400 billion in federal revenues for the government.