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  • Writer's pictureD. Brit

McConnell: New Covid Relief Bill Deal Has Been Reached

What's Happening:

  • On Sunday, Senate Majority Leader Mitch McConnell said that lawmakers have reached an agreement for a new Covid Relief Bill.

  • McConnell said, the "four leaders of the Senate and the House finalized an agreement. I believe I can speak for all sides when I say I hope and expect to have a final agreement nailed down in a matter of hours."

  • McConnell added, "At this point we're down to the last few differences that stand between struggling Americans and their major rescue package they need and deserve."

  • The final details of the new plan has not been revealed but it is expected to cost around $900 Billion.

  • Once the details are finalized, the bill could pass through both the House and the Senate in a matter of days. Congress would like to tie the Covid Relief Bill to the massive $1.4 Trillion Spending Bill that they must also pass.

  • The news of a deal being reached 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.

  • 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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