Monday, January 25

 

 

 

$900 billion deal on emergency relief package

Breaking News: Senate Majority Leader Mitch McConnell (R-Ky.) announced late Sunday night that lawmakers have finalized an approximately $900 billion economic relief package.

“More help is on the way. Moments ago, in consultation with our committees, the four leaders of the Senate and House finalized an agreement for another major rescue package for the American people,” McConnell said.

McConnell said lawmakers only have to “promptly finalize text” and “avoid any last minute obstacles.”

Lawmakers have for month sought a breakthrough on economic relief legislation.

This post will be updated.

Lawmakers have finalized details on key economic relief measures — including stimulus checks and enhanced unemployment benefits — as they sprint Sunday to wrap up a long-awaited deal to address the worsening pandemic.

Senate Majority Leader Mitch McConnell (R-Ky.) and Senate Minority Leader Charles E. Schumer (D-N.Y.) both expressed optimism that lawmakers could finalize legislation as early as Sunday. House Speaker Nancy Pelosi (D-Calif.) told her leadership team on Sunday that she wants a vote Sunday, according to one person who spoke on the condition of anonymity to share details of the congresswoman’s private comments. Congress has until midnight to pass a temporary stopgap measure to keep the government open.

Negotiators have decided to provide stimulus checks worth $600 per person. The size of that benefit would be reduced for people who earned more than $75,000 the preceding year, similar to the last round of stimulus checks, according to two people who spoke on the condition of anonymity to share details of private deliberations. The stimulus checks would provide $600 per person, including adults and children, meaning a family of four would receive $2,400 up to a certain income.

Congress would also extend unemployment benefits of up to $300 per week, which could start as early as Dec. 27.

Full | Article washingtonpost.com
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