Congress has officially passed a $900 billion Covid-19 relief package
Economic Policy,Coronavirus,US Congress,Economy And Jobs
Days before the holidays, Congress has passed a $900 billion bill to extend unemployment insurance, pay out additional stimulus checks to Americans and provide more loans for small businesses.
The Democratic-controlled House of Representatives passed the relief bill Monday night on a vote of 359-53, just hours after the final legislative text was released to members. A few hours later, the Republican-controlled US Senate did the same with a vote of 92-6.
“It is a good bipartisan bill,” Speaker Nancy Pelosi said on the House floor Monday morning, mentioning provisions Democrats secured like additional food assistance and a temporary extension of an eviction moratorium. Pelosi also nodded to the $600 direct payments that will be going out to Americans. “I would have liked them to have been bigger, but they are significant and they will be going out soon,” she said.
The bill is designed to be a short-term bridge to get financial relief to Americans as the country enters a particularly difficult stretch of the coronavirus pandemic, with about 200,000 new confirmed cases per day. At the same time, an end may be in sight, with the first vaccines going out to health care workers and more on the way.
“We can finally report what our nation has needed to hear for a long time: More help is on the way,” Senate Majority Leader Mitch McConnell said Sunday night. Pelosi and McConnell themselves received a first dose of the Covid-19 vaccine last week, and President-elect Joe Biden also received his on Monday.
There are still a number of big things that didn’t make it into the final relief bill, including broad aid to state and local governments that Democrats wanted, and liability protections for companies that were a top priority for Republicans. Addressing the Senate Sunday night, Schumer admitted while states and cities would receive some funding specifically for education, Covid-19 testing, and public transit, “the agreement we reached is far from perfect.”
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