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Congress Passes $2T COVID Relief and Government Funding Bill
The U.S. House of Representatives voted 359-53 on Monday evening to pass a $2-trillion-plus coronavirus relief and government spending package Monday night, with the Senate following suit early Tuesday morning. The measure is intended to inject long-delayed aid into the fight against a once-in-a-century health and economic crisis, CNBC reported.
The bill adds a $300 per week federal unemployment supplement through mid-March and extends programs making freelancers and gig workers eligible for benefits. It sends payments of $600 to individuals who earn up to $75,000 and couples filing jointly who make up to $150,000. The bill adds another $600 for every child.
The measure puts $284 billion into Paycheck Protection Program small business loans. It directs more than $8 billion into vaccine distribution.
The bill would extend the federal eviction moratorium, currently set to expire Dec. 31, through Jan. 31 and fund $25 billion in rental assistance. It would direct $13 billion to food aid, $82 billion to education and $45 billion to transportation.
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- ◦Economy
