Congress might finally be close to passing another major stimulus package

[Jacob Siegal]

• Democratic and Republican Senators have reached an agreement on a new $908 billion stimulus package that will provide vital assistance for Americans through the winter.
• The stimulus bill includes $300 a week in unemployment benefits, $240 billion for state and local governments, and $300 billion for the PPP, but no new stimulus checks.
• The bipartisan agreement faces an uphill battle with Washington currently deadlocked and the Trump administration distracted with trying to overturn the election.

With coronavirus infections spiking and millions of Americans on the brink of financial ruin, the Senate might finally be motivated to sign another stimulus bill into law. According to The Washington Post, a bipartisan group of senators will announce a $908 billion stimulus package on Tuesday to provide vital relief to the country.

House Democrats spent much of the summer and fall negotiating with the White House over a stimulus bill that would have cost upwards of $1.8 trillion, but the two parties were unable to come to terms on the language and the benefits the bill would have included. Even if House Democrats and the Trump administration had found common ground, it was unlikely that the Republican-controlled Senate would have passed such a pricey bill.

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Congress might finally be close to passing another major stimulus package originally appeared on BGR.com on Tue, 1 Dec 2020 at 11:35:36 EDT. Please see our terms for use of feeds.

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