Lawmakers Agree On New $900B Covid-19 Relief Bill
What's Happening:
On Sunday, Congressional leaders reached an agreement for a new $900 Billion Covid-19 Relief Bill.
The new bill will include a second round of stimulus checks of $600 per individual, an additional $300 per week in jobless benefits and up to $284 Billion for small business loans, amongst other measures
The House will vote on the bill on Monday and it is expected to pass through both the House and the Senate in a matter of days. Congress plans to tie the Covid Relief Bill to the massive $1.4 Trillion Spending Bill that they must also pass to avoid a government shutdown.
The news of a deal finally being reached after months of negotiations will serve as a great 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.
Developing Story
Photo Source: congress.gov
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