US Congress scores deal on $900 Billion Pandemic Relief Package

21.12.2020 - Korneychuk Evgeniya
US Congress scores deal on $900 Billion Pandemic Relief Package

Senate Majority Leader Mitch McConnell, House Speaker Nancy Pelosi, and Senate Democratic leader Chuck Schumer announced on Sunday that the US Congress finally secured a deal on a $900 billion spending package to boost the country’s economy amid the unwavering coronavirus spread.

While the legislative text was still being prepared, the Congress was expected to vote on it on Monday to be preceded by the Senate.

The $900 billion spending package would provide cash aid amounting to $600 to most Americans and $300-per-week in enhanced unemployment benefits through March, the lawmakers confirmed. Expiring programs for gig workers and the long-term unemployed also would be kept.

Another portion of the package would be $284 billion for the Paycheck Protection Program that provides forgivable loans to small businesses. The relief plan also includes money for transportation, including airlines, vaccine distribution, and education.

The relief package will be attached to a $1.4 trillion bill that would fund the federal government through the end of the fiscal year on Sept. 30, 2021.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?