McConnell: New Covid Relief Bill Deal Has Been Reached
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.
Photo Source: congress.gov