WASHINGTON (AP) — Top negotiators in Congress have sealed a deal on an almost $1 trillion COVID-19 economic relief package.
Lawmakers announced the agreement Sunday after days of negotiations.
BREAKING: As the American people continue battling the coronavirus this holiday season, they will not be on their own.— Leader McConnell (@senatemajldr) December 20, 2020
Congress has just reached an agreement. We will pass another rescue package ASAP. More help is on the way.
The agreement would establish a temporary $300 per week supplemental jobless benefits and $600 direct stimulus payments to most Americans, along with a fresh round of subsidies for hard-hit businesses and funding for schools, health care providers, and renters facing eviction.
The final agreement was reached after a breakthrough over Federal Reserve emergency powers was resolved by the Senate’s top Democrat and a senior conservative Republican.