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Universal Times Magazine > Blog > Other Business News > US Senate approves $900bn stimulus package
Other Business News

US Senate approves $900bn stimulus package

Gaurav Verma
Last updated: 2020/12/22 at 1:03 PM
Gaurav Verma
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US lawmakers on Monday approved a $900 billion relief package to help millions of families and small businesses struggling amid the pandemic.

Contents
BenefitsFinal approvalComment from SpeakerComment from Joe Biden

The agreement announced by congressional leaders and would deliver the first significant infusion of federal dollars into the economy since April.

Benefits

It is packed with targeted policies to help struggling Americans who have already waited too long.

It would revive lapsed supplemental federal unemployment benefits at $300 a week for 11 weeks — setting both at half the amount provided by the original stimulus law.

The measure would also provide more than $284 billion for businesses and revive the Paycheck Protection Program.

It would extend federal payments for people whose regular benefits have expired.

Final approval

Final votes on the spending package were expected as early as Monday to approve it and clear it for Mr. Trump’s signature, but had yet to be scheduled.

Comment from Speaker

Nancy Pelosi, “We have now reached agreement on a bill that will crush the virus and put money in the pockets of working families who are struggling.”

Comment from Joe Biden

“I am heartened to see members of Congress heed that message, reach across the aisle, and work together.”

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Gaurav Verma December 22, 2020 December 22, 2020
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