Senate passes $900 billion coronavirus relief bill
Top Capitol Hill leaders sealed an agreement on a nearly $900 billion COVID-19 economic stimulus bill on Sunday, eventually supplying long-overdue aid to corporations and individuals and offering funding to a country ready for them to provide vaccinations.
On Sunday, Senate Majority Leader Mitch McConnell said Democrats and Republicans had "finalized a deal" on a COVID-19 economic relief package worth $900 billion.
The $900 billion relief package includes cash grants to taxpayers, unemployment insurance and pandemic-related assistance costing hundreds of billions of dollars.
The bill provides $600 in cash grants and $300 a week in raised unemployment, House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer said.
Late-breaking decisions will restrict the $300 a week jobless insurance incentive to 10 weeks instead of 16
weeks as previously, one half of the additional federal unemployment compensation offered in March under the CARES Act. The direct $600 stimulus contribution to most individuals is also half the March payment due to the same income caps that tend to phase out the payment of a person after $75,000.