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  • D. Brit

Congress "Close" to Passing New $900B Covid Relief Bill - 2nd Round of Stimulus Checks

What's Happening:

  • 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.

Developing Story

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