Congress "Close" to Passing New $900B Covid Relief Bill - 2nd Round of Stimulus Checks
On Wednesday, Congressional leaders from both parties affirmed that they are getting "close" to reaching an agreement on a new roughly $900 Billion Covid Relief Bill.
Lawmakers say that once the negotiation is finalized, the bill could pass through both the House and the Senate in a matter of days. Congress must pass a new government spending bill by Friday night to avoid a government shutdown and many were hoping to tie the Covid Relief Bill to the massive $1.4 Trillion Spending Bill.
If passed, the news will serve as some relief to the millions of Americans who currently find themselves unemployed or in difficult financial situations. New unemployment claims have gone up for 3 of the last 4 weeks indicating a "slow-down" in economic recovery.
According to insiders, the new bill is expected to include a second round of stimulus checks of $600 per individual, an additional $300 per week in jobless benefits and up to $330 Billion for small business loans, amongst other measures.
Photo Source: congress.gov