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US Congress reaches deal on US$900 bil pandemic relief plan

Bloomberg
Bloomberg12/21/2020 05:16 PM GMT+08  • 5 min read
US Congress reaches deal on US$900 bil pandemic relief plan
The plan would provide payments of US$600 to most Americans and US$300 a week in enhanced unemployment benefits through March.
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Congressional leaders reached a deal on a roughly US$900 billion ($1.19 trillion) spending package to bolster the US economy amid the continued coronavirus pandemic giving lawmakers a short timetable to review and pass the second largest economic-rescue measure in the nation’s history.

Senate Majority Leader Mitch McConnell, House Speaker Nancy Pelosi and Senate Democratic leader Chuck Schumer announced the accord Sunday. The legislative text was still being written, but the House was expected to vote on it Monday, followed by the Senate.

The plan would provide direct payments of US$600 to most Americans and US$300-per-week in enhanced unemployment benefits through March, according to lawmakers and aides. Expiring programs for gig workers and the long-term unemployed also would continue.

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