Congress reaches deal on $900B COVID-19 relief package

Congress reaches deal on $900B COVID-19 relief package

Lawmakers on Sunday finalized a $900 billion COVID-19 economic relief package that includes support for the unemployed and businesses affected by the pandemic. The package, which is expected to come up for a vote in the House and Senate today, would provide $284 billion for businesses under a revived Paycheck Protection Program, $600 direct payments to Americans phasing out for those with income over $75,000, $300 in added unemployment benefits per week for 11 weeks, an expansion of the Pell grant program for low-income students and $25 billion in rental assistance, as well as support for schools and public health efforts.

Full Story: The Associated Press (12/21),  The New York Times (tiered subscription model)