Leaders from the House of Congress and Senate announced that they will vote on the relief bill on Monday after the two parties agreed on the language of the agreement.
Help is now on the way for millions of struggling Americans and qualified individuals after lawmakers from the House of Congress and Senate agreed on the language or measures of the Relief Bill on Saturday evening. Top leaders said that they will vote on the legislation this Monday.
(Photo : Tasos Katopodis/Getty Images)
The U.S. lawmakers announced that they will vote on COVID-19 Relief Bill on Monday.
Lawmakers finally seal the deal
More Direct Payments, Unemployment Checks Under New $900 Bln Package Passed By US Congress
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Protest by Trump Supporters in Arizona
US Congress has just reached an agreement on the long-awaited Covid-19 relief package, and lawmakers will pass the bill as soon as possible, Senate Majority Leader Mitch McConnell said Sunday afternoon.
The package would be the second-largest economic stimulus in U.S. history, following a $2.3 trillion aid bill passed in March. It comes as the pandemic accelerates, infecting more than 214,000 people in the country each day. More than 317,000 Americans have already died. At long last, we have the bipartisan breakthrough the country has needed . Congress has just reached an agreement. We will pass another rescue package ASAP, , Republican Senate Majority Leader Mitch McConnell said on the Senate floor.
Sentiment still strong on hopes on U.S. stimulus, vaccines All three major U.S. stock indexes at record highs Dollar index near 2 1/2-year low European stocks seen down 0.3-0.4%
TOKYO, Dec 18 (Reuters) - Asian shares slipped on Friday after Reuters reported that the United States is set to add dozens of Chinese companies, including the country’s top chipmaker SMIC, to a trade blacklist later in the day.
Still, the prevalent underlying mood on global equities remained upbeat, as the prospect of a major U.S. coronavirus relief package meant investors were keen on picking up stocks and other risk-exposed assets.
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Lawmakers in Washington agreed to a new $900 billion coronavirus stimulus package yesterday. The bill, like the previous CARES Act, appears to include huge new tax breaks for corporations and the very wealthy. However, of most note to average Americans is the means-tested check of up to $600 plus $600 per child that Republicans and Democrats decided on.
Although far less than the $1,200 checks mailed out to Americans in the spring, Democratic lawmakers are presenting the deal as a triumph. Senate Minority Leader Chuck Schumer of New York described it as “a strong, strong shot in the arm to get things going.” Speaker of the House of Representatives Nancy Pelosi agreed, although she blamed the GOP for holding the agreement up. “What took so long is because we could not get our Republican colleagues to crush the virus…Why would they not want to invest in the science?” she said at a press conference on Sunday.
By Andy Sullivan and David Shepardson
WASHINGTON, Dec 20 (Reuters) - U.S. congressional leaders reached agreement on Sunday on a $900 billion package to provide the first new aid in months to an economy and individuals battered by the surging coronavirus pandemic, with votes likely on Monday.
The package would be the second-largest economic stimulus in U.S. history, following a $2.3 trillion aid bill passed in March. It comes as the pandemic accelerates, infecting more than 214,000 people in the country each day. More than 317,000 Americans have already died. At long last, we have the bipartisan breakthrough the country has needed, Republican Senate Majority Leader Mitch McConnell said on the Senate floor, following months of contentious debate.