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Published 22 December 2020
US lawmakers on Monday approved a $900 billion relief package for the world’s biggest economy that will provide a long-sought boost for millions of Americans and businesses battered by the coronavirus pandemic.
Overwhelming approval in the Senate and House of Representatives clears the way for the legislation to be sent to President Donald Trump to be signed into law.
“The American people can rest assured that more help is on the way, immediately,” Republican Senate Leader Mitch McConnell said on Twitter.
As the Covid-19 death count rises amid a massive resurgence of the virus that further threatens the economy, Republican and Democratic legislators finally hammered out a bill after months of wrangling and partisan finger-pointing.
Daily Monitor
Tuesday December 22 2020
US lawmakers on Monday approved a $900 billion relief package for the world s biggest economy that will provide a long-sought boost for millions of Americans and businesses battered by the coronavirus pandemic
Summary
The deal will spare millions of jobless workers who were days away from seeing their unemployment benefits expire, and provide a new round of cash payouts.
Biden, who will be sworn in on January 20, has welcomed the agreement but said Sunday that much more will be needed to provide support to struggling families, and investments in jobs and economic recovery.
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US lawmakers on Monday approved a $900 billion relief package for the world s biggest economy that will provide a long-sought boost for millions of Americans and businesses battered by the coronavirus pandemic.
2020-12-22 07:00:41 GMT2020-12-22 15:00:41(Beijing Time) Sina English
The US Capitol in the afternoon before lawmakers vote to pass a US$900 billion coronavirus relief bill on December 21, 2020 in Washington, DC. After months of impasse, negotiations came down to the wire as 12 million people are set to lose unemployment benefits the day after Christmas.
US lawmakers on Monday approved a US$900 billion relief package for the world s biggest economy that will provide a long-sought boost for millions of Americans and businesses battered by the coronavirus pandemic.
Overwhelming approval in the Senate and House of Representatives clears the way for the legislation to be sent to President Donald Trump to be signed into law.
Stocks, pound, oil sink as virus surge trumps stimulus deal
1
published : 21 Dec 2020 at 11:45
1 After months of wrangling, US lawmakers have finally reached an agreement on a new stimulus for the beleaguered economy.
HONG KONG: Asian markets sank Monday as news of a US stimulus agreement was overshadowed by surging virus cases and the imposition of a strict lockdown in England, while the pound was also hit by fears over stuttering Brexit talks.
Oil prices also sank as the new containment measures hammered expectations for travel over the Christmas period, with the discovery of a mutated and more infectious strain of the coronavirus in Britain also leading several governments to ban flights from the country.
Stocks mixed and pound, oil sink as virus offsets stimulus deal 2lt.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 2lt.com.au Daily Mail and Mail on Sunday newspapers.