Congress is finally about to pass a new relief bill with $600 stimulus checks and more

[Jacob Siegal]

• Congress has reached an agreement on a new stimulus package and is expected to vote on the final bill on Monday before sending it to President Trump's desk.
• The new package includes $600 stimulus checks, $284 billion for the PPP, $300 per week in extra unemployment insurance, and an extension of the eviction moratorium.
• If any senators oppose the bill, the vote could be delayed by several days.

Following months of inaction and failed dealmaking, Congressional Democrats and Republicans have finally struck a deal on a new stimulus package to assist the millions of Americans struggling through the height of the pandemic. On Sunday evening, Senate Majority Leader Mitch McConnell confirmed Congress would "pass another rescue package ASAP," and if all goes accordingly, the House and Senate should vote on the bill today.

As late as Friday, it was unclear if the two parties would be able to get something done before the year ended and a number of provisions from the CARES Act expired, but the final hurdle was overcome when Sen. Pat Toomey (R-PA) agreed to drop language in the bill that would have significantly rolled back the Federal Reserve's expanded lending powers. He admitted that "Democrats made a fair point" about the language being too broad.

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Congress is finally about to pass a new relief bill with $600 stimulus checks and more originally appeared on BGR.com on Mon, 21 Dec 2020 at 10:02:13 EDT. Please see our terms for use of feeds.

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