J
Jacob Siegal
Guest
- Congress proposed two separate COVID stimulus packages on Monday, one that would cost $748 billion and another that would be priced at $160 billion.
- The $748 billion package includes unemployment assistance, an extension to the eviction moratorium, funding for vaccine distribution, money for small businesses, and more.
- The $160 billion package focuses on aid for state and local governments as well as liability protection for businesses against COVID-related legal action.
By all accounts, Congress is as close as it has been to passing a major stimulus bill since the CARES Act was signed into law back in March. After a $908 billion bipartisan relief proposal hit a snag due to the inclusion of aid for state and local governments and liability protections for businesses, senators went back to the drawing board and opted to split their bill in two. The group is now proposing a $748 billion package with provisions that Democrats and Republicans are both in favor of, as well as a $160 billion bill with liability protections and money for state and cities.
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Congress might have finally reached a deal on a new stimulus package originally appeared on BGR.com on Tue, 15 Dec 2020 at 10:51:41 EDT. Please see our terms for use of feeds.
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