Washington DC. -- Top Capitol Hill decision makers sealed a deal Sunday on an approximately $1 trillion Coronavirus related economic relief package, finally delivering long-overdue help to businesses and individuals and providing financing to deliver covid vaccines to a nation eager for them.
The agreement, announced by Senate leaders, would establish a temporary $300 per week supplemental unemployment benefits and $600 direct stimulus payments to most Americans, along with a new round of subsidies for hard-hit businesses and money for schools, health care providers and renters facing eviction.
Specific items expected in the relief bill include:
It would be the first significant legislative response to the pandemic since the $1.8 trillion Coronavirus Aid, Relief, and Economic Security Act passed virtually unanimously in March.
The lawmaking was held up by months of disorder, posturing and bad faith. But talks turned important last week as legislators on both sides finally faced the time limit of acting before leaving form Washington for Christmas holidays India home sides.
A development came late Saturday in a fight over Fed. emergency powers that was resolved by the Senate's upper Democrat, Chuck Schumer of New York, and conservative Republican Pat Toomey of Pennsylvania. That led to a final round of negotiations on other major properties.