Congress Reaches Final Agreement on COVID Relief Package
- 3 years ago
Congress Reaches
Final Agreement , on COVID Relief Package.
Compromise on the $900 billion stimulus
was reached on Sunday afternoon.
The bill allocates money for
$600 stimulus checks for single adults
who make less than $75,000 a year.
and for both adults and children
under the age of 16 of families
who make less than $150,000 per year.
Also included is a $300 weekly boost in
unemployment assistance for 11 weeks, as well as
the continuance of two other unemployment programs.
The bill provides an additional $280 billion
in funding for the Paycheck Protection Program,
and several grant programs for specific industries.
$25 billion has been allocated for rental assistance,
the eviction moratorium will be extended and
$13 billion has been allocated
for food assistance programs.
At long last we have the bipartisan breakthrough the country has needed, Sen. Mitch McConnell, (R-KY), Senate Majority Leader, via 'The Wall Street Journal'.
McConnell said that what
remained for passage of the
bill was for lawmakers to
"finalize text, avoid any last-
minute obstacles and cooperate.".
This agreement is far from perfect, but it will deliver emergency relief to a nation in the throes of a genuine emergency, Sen. Chuck Schumer, (D-NY), Senate Minority Leader, via 'The Wall Street Journal'.
Schumer also stated
that more relief would
be necessary in the new year
Final Agreement , on COVID Relief Package.
Compromise on the $900 billion stimulus
was reached on Sunday afternoon.
The bill allocates money for
$600 stimulus checks for single adults
who make less than $75,000 a year.
and for both adults and children
under the age of 16 of families
who make less than $150,000 per year.
Also included is a $300 weekly boost in
unemployment assistance for 11 weeks, as well as
the continuance of two other unemployment programs.
The bill provides an additional $280 billion
in funding for the Paycheck Protection Program,
and several grant programs for specific industries.
$25 billion has been allocated for rental assistance,
the eviction moratorium will be extended and
$13 billion has been allocated
for food assistance programs.
At long last we have the bipartisan breakthrough the country has needed, Sen. Mitch McConnell, (R-KY), Senate Majority Leader, via 'The Wall Street Journal'.
McConnell said that what
remained for passage of the
bill was for lawmakers to
"finalize text, avoid any last-
minute obstacles and cooperate.".
This agreement is far from perfect, but it will deliver emergency relief to a nation in the throes of a genuine emergency, Sen. Chuck Schumer, (D-NY), Senate Minority Leader, via 'The Wall Street Journal'.
Schumer also stated
that more relief would
be necessary in the new year