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US NRF hails passage of bipartisan fiscal stimulus deal

23 Dec '20
1 min read
Pic: Shutterstock
Pic: Shutterstock

The US National Retail Federation (NRF) has welcomed the Congressional passage of the Emergency Coronavirus Relief Act of 2020. “Retailers are encouraged by the passage of this economic relief package that will keep the economy open and moving in the right direction as the fight against the COVID-19 pandemic continues,” NRF president Matthew Shay said.

“The additional stimulus and extension of expired relief measures will help protect families, support health care providers and sustain small and independent businesses. The November retail sales report shows that consumers held back on spending, and more robust stimulus is needed to shore up our economy,” he said in a statement.

“The retail industry has invested billions of dollars throughout the pandemic to ensure the health and safety of employees and customers. NRF will continue to advocate for financial relief for American workers, families and businesses impacted by the coronavirus. Our hope is this latest stimulus will be a down payment on economic relief next year,” he added.

ALCHEMPro News Desk (DS)

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