The Senate Is Expected To Vote On A New Relief Bill This Week

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