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Congress nearing a deal for a $900 billion coronavirus rescue package

$900 billion coronavirus rescue package

According to recent reports, congressional leaders are close to sealing a deal for covid relief. A newsperson from Politico reported, “BREAKING … Hill negotiators are on the brink of a $900bn coronavirus rescue package that would include a new round of direct payments, but would leave out state and local aid, and a liability shield. A deal could come as early this morning.” The $900 billion coronavirus rescue package is aimed at combating the deadly virus.

$900 billion coronavirus rescue package

Reports indicate that congressional negotiators are very near to securing a coronavirus rescue package. The package is likely to include a second round of direct payments before being completely finalized. The rescue package has been rumored to not touch upon state and local funding, in addition to a liability shield. This information has been revealed by multiple sources who are close to the congressional negotiators securing this package.

Although the amount of direct checks has not been confirmed yet but it is likely that they will be less than $1,200 per person. This will help in keeping the cost of the bill accountable and in check. The former President Donald Trump has been pushing on sending out checks to Americans as soon as it practically possible. Donald Trump also happens to be backed by liberals like Sen. Bernie Sanders and prominent Republicans including Sen. Josh Hawley.

It is possible that an extension of unemployment benefits is also included in the package which is currently under negotiation. A media person also tweeted, “STORY w ⁦@burgessev: negotiators close to a near $900bn deal w direct payments, but leaving out state and local and liability. Dems say they have secured other pots for state and local aid. Dir checks less than 1200. Deal expected this am.”

The rescue package is likely to bring benefits for United States in combating the spread of the deadly virus.

[SOURCE]

About the author

Saman Iqbal

Saman Iqbal

Saman is a law student. She enjoys writing about tech, politics and the world in general. She's an avid reader and writes fictional prose in her free time.




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