Majority Senate Leader Mitch McConnell announced that Capitol Hill negotiators agreed to a $ 900 billion COVID-19 stimulus package, with leading Democrats vowing more economic intervention under the Biden administration.
The Associated Press reported that if the deal is finalized, it would be the largest spending measure, combining COVID-19 relief with a $ 1.4 trillion government-wide funding scheme that the New York Times called for $ 2.3 trillion. It is said. “
The Congress also approved a 24-hour extension of government funds on Sunday evening.
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Senate Minority Leader Sen. Chuck Schumer said, “It’s a good bill. Tonight’s a good night. But it’s not the end of the story. It’s not the end of the work. Whoever thinks this bill. Don’t know enough.” That’s what’s happening in America. “
House Speaker Nancy Pelosi also vowed that that would be done under a Biden Presidency. He called the bill a “first step”.
The text of the bill was not immediately available. The Wall Street Journal reported that it expected to provide a $ 600 check and a $ 300 increase in federal unemployment benefits to many Americans. The bill was half the size Democrats wanted this fall.
McConnell said, “For a long time we have had a bipartisan success that the country needs.” “Now we need to finalize the text immediately, avoid any last-minute interruptions and cooperate to move this law through both chambers.”
President-Elect Joe Biden called the bill “just the beginning”.
“This is a model for the challenging task ahead for our nation,” he said in a statement.
House leaders informed MPs that they would vote on the legislation on Monday, and the Senate was likely to vote on Monday as well.
A White House spokesman, Ben Williamson, told the Journal, “We look forward to sending Congress a bill on their desk for signature.”
The Associated Press contributed to this report