WASHINGTON – Top Capitol Hill negotiators sealed a deal Sunday over the nearly $ 1 trillion COVID-19 economic relief package, ultimately delivering long-overdue aid to businesses and individuals and distributing vaccines to a nation eager for them Provided money for
The agreement, announced by congressional leaders, would establish a temporary $ 300 supplemental unemployed benefit per week and a $ 600 direct incentive payment to most Americans, as well as a new round of subsidies for hit-hit businesses and schools, health care providers and renters Is facing eviction for money.
This came after months of fighting and posture, but the dynamic conversation changed in favor of Republicans after the election and around the end of the congressional session. President-Elect Joe Biden was eager for a deal to give long-awaited help to the suffering people and boost the economy, even though it was less than half the size of Democrats this fall.
House leaders informed MPs that they would vote on the legislation on Monday, and the Senate was likely to vote on Monday as well. Lawmakers were eager to leave Washington and shut out for a year.
Senate Leader Mitch McConnell, R-Q. Said, “There will be another major rescue package for the American people. Announcing the agreement for the relief bill, saying it would total $ 900 billion.” It is replete with targeted policies that help struggling Americans , Who have been waiting for a very long time already. “
The Federal Reserve’s emergency powers battle was resolved Saturday night by the Senate’s top Democrat, New York’s Chuck Schumer and Pennsylvania’s conservative Republican Pat Tommy. That success led to the final round of talks on Sunday.
Nevertheless, the delay in finalizing the agreement prompted the House to pass a one-day stopgap spending bill to prevent a one-day government holiday. The Senate was also expected to measure on Sunday night.
The final agreement will be the largest expense measure ever. It combined COVID-19 relief with a $ 1.4 trillion government-wide funding plan and several other unrelated measures on taxes, health, infrastructure and education. Government-wide funding will keep the government open through September.
Passing and death and corroborating evidence as coronovirus cases suggest that the economy was struggling. The law was captured by months of laxity, demotion and bad faith. But in recent days the talks have become serious as lawmakers on both sides faced an acting deadline before finally moving to Washington for Christmas.
“This bill is a good bill. Tonight is a good night But this is not the end of the story, it is not the end of the job, ”Schumer told reporters. “Anyone who thinks about this bill doesn’t know what is going on in America.”
The $ 300 per week bonus unemployed benefit in March was one-half supplemental federal unemployment benefit, provided under the $ 1.8 billion CARES Act and would be limited to 11 weeks instead of 16 weeks. The direct $ 600 incentive payment to most people will also be half of the March payment, subject to the same income threshold in which a person’s payment began to be phased out after $ 75,000.
The CARES Act was credited with preventing the economy from falling amid widespread slump this spring, but Republicans who control the Senate cited debt concerns in pushing against Democratic demands. Republican politicians, beginning with President Donald Trump, focused more on reopening the economy and less on supplementary unemployed benefits such as taxpayer-financed moves.
Lawmakers hoped to pass the bill this weekend and avoid the need for a bill that would stop stopgaps, but progress slowed on Saturday as TOMA pressured to include a provision to close the Fed’s lending facilities Inserted. Democrats and the White House said it was too broad a word and would be tied to the incoming Biden administration, but Republicans rallied for Tommy’s position.
The late breakdown decision would result in a $ 300 per month bonus unemployed benefit – a half supplementary federal unemployment benefit provided under the CARES Act in March – 10 weeks instead of 16 weeks as before. The direct $ 600 incentive payment to most people will be half of the March payment, subject to the same income threshold in which a person’s payment begins to be phased in after $ 75,000.
Following the announcement, Schumer and House Speaker Nancy Pelosi, D-California, announced additional details, including $ 25 billion in rental assistance, $ 15 billion for theaters and other living spaces, $ for local schools, colleges and universities 82 billion, and includes $ 10 billion. Child care.
Still, Democrats wanted more. Pelosi, in a letter to colleagues, described the package as an initial step. “In 31 days, when Joe Biden enters the White House, there will be more help along the way,” Pelosi said.
The government’s appropriation bill will fund agencies through next September. The measure was likely to provide an installment of $ 1.4 billion for Trump’s US-Mexico border wall as a condition of winning his signature.
The bill was an engine to complete the unfinished business of Capitol Hill, including a nearly 400-page water resources bill that targets $ 10 billion for 46 Army Corps of Engineers flood control, environmental and coastal conservation projects. Another addition will expand a batch of soon-to-be-finished tax breaks, including craft brewers, wineries and distillers.
It took several clean energy provisions, $ 7 billion to increase access to broadband, $ 4 billion to help vaccinate people in other countries, and $ 27 billion for highways, cash-hungry transit systems, Amtrak and airports Will go.
Democrats failed in a month-long battle to provide direct fiscal relief to states and local governments, but they successfully pressed for $ 22 billion to help state and local governments meet health expenses related to COVID-19.
Finally the crowd of the session promised relief to surprise the shocked victims, which is surprisingly medical bills, an event that often occurs when providers exit the insurance company’s network.