Factbox-What s in the US COVID-19 bill? Unemployment, $600 checks, three martini lunch deduction - International - World ahram.org.eg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ahram.org.eg Daily Mail and Mail on Sunday newspapers.
9:52 a.m. ET, December 21, 2020
It will take at least 2 weeks for money to hit peoples bank accounts after stimulus bill passes, experts say
From CNN s Katie Lobosco
A second round of stimulus payments is included in a coronavirus relief package struck by congressional leaders late Sunday.
Lawmakers are expected to vote on the deal later today. It would provide direct payment checks of up to $600 per adult and child, but experts say it will take at least two weeks for the Treasury to get cash into individuals bank accounts after legislation is signed. The timing could be more challenging this time, but the IRS could likely begin to get the money out in January, said Howard Gleckman, a senior fellow at the Urban-Brookings Tax Policy Center.
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Here s What s Included In The $900 Billion Stimulus Deal
Congress is likely to vote on the relief package, which includes new direct payments of $600, on Monday.
WASHINGTON (Reuters) - U.S. congressional leaders said on Sunday they had reached agreement on a $900 billion package to provide the first new aid in months to an economy hammered by the novel coronavirus pandemic, with votes likely on Monday.
Here’s what is in the package, according to a summary released by House of Representatives Speaker Nancy Pelosi and Senate Democratic Leader Chuck Schumer, and interviews with several congressional aides who provided additional details:
WASHINGTON U.S. congressional leaders said on Sunday they had reached agreement on a US$900 billion package to provide the first new aid in months to an economy hammered by the novel coronavirus pandemic, with votes likely on Monday. Here s what is in the package, according to a summary released by House of Representatives Speaker Nancy Pelosi and Senate Democratic Leader Chuck Schumer, and interviews with several congressional aides who provided additional details:
Checks in the mail: The bill includes $166 billion in new direct payments of up to $600 per adult and child, for individuals making up to $75,000 a year and $1,200 for couples making up to $150,000 a year. The bill expands direct payments to mixed-status households.