September 21, 2024

Report Wire

News at Another Perspective

US Congress reaches deal on Covid-19 aid package, top Senate Republican and Democrat say

1 min read

US congressional leaders have reached agreement on a $900 billion package to provide the first new aid in months to an economy hammered by the coronavirus pandemic, the Senate’s top Republican and Democrat said on Sunday, but it remained unclear when Congress would vote to seal the deal.
“At long last, we have the bipartisan breakthrough the country has needed,” Republican Senate Majority Leader Mitch McConnell said on the Senate floor.

Finally we have some good news to deliver to the American people,” he said on the Senate floor.
The package would give $600 direct payments to individuals, boost unemployment payments by $300 a week and give hundreds of billions of dollars in additional aid to small businesses. It would also provide $25 billion for rental assistance, sources said.

The package would be the second-largest economic stimulus in US history, following a $2.3 trillion aid bill passed in March. The deal comes as the pandemic accelerates, infecting more than 214,000 people in the country each day. More than 317,000 Americans have already died.
Democratic Senate Minority Leader Chuck Schumer said the package should have enough support to pass both chambers of Congress.