The Senate Is Expected To Vote On A New Relief Bill This Week
Written by Site Hub on December 17, 2020
After months and months of negotiations, congressional leaders are getting close to another coronavirus relief deal.
If everything goes well, a $900 billion stimulus deal could reach Americans soon. The deal is expected to have another round of stimulus checks at $600 per person, but no money for local or state aid. The deal also includes a $300/week unemployment benefit and $330 Billion for small business loans and money for vaccine distribution.
The new stimulus proposal amounts to about twice the amount that Senate Republicans have been proposing, but it is a fraction of what House Speaker Nancy Pelosi had been demanding for months.
Before the election, Nancy Pelosi had held out for a deal worth $2.2 trillion, but now she is willing to back a much smaller proposal, arguing that they will have another opportunity to push for more aid when Joe Biden assumes the presidency.
Source:
CNN
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