COVID-19 relief bill passed by Senate and House, measure heads to Trump's desk

COVID-19 relief bill passed by Senate and House, measure heads to Trump’s desk

The Senate approved the COVID-19 relief package and omnibus spending bill late Monday night by a vote of 92 to six .

The bill now heads to President Donald Trump’s desk for his signature.

Sen. and Vice President-elect Kamala Harris appeared on Capitol Hill to cast a choose favor of the bill.

Georgia Senators Kelly Loeffler and David Perdue, who are both facing closely watched runoff races in Georgia next month which will determine the facility balance of the Senate, also made it back to the Capitol to vote yes on the measure.

Before the vote on the omnibus bill/relief package, the Senate passed a seven-day stopgap spending bill to permit time for the “enrollment” of the omnibus bill.

Earlier within the evening, the House passed the $900 billion COVID-19 rescue package in an awesome vote, 359-53, Monday night.

The COVID-19 relief bill was attached to a must-pass $1.4 trillion spending bill. the entire cost of the package is $2.3 trillion, making it the second-largest economic stimulus in U.S. history.

The chamber break up consideration of the behemoth measure into two votes and approved a slate of funding measures earlier within the evening. Lawmakers then considered the remainder of the spending package, including funding for COVID relief.

This COVID-19 relief bill includes $600 direct payments to most Americans, $300 in enhanced unemployment benefits, $300 billion for the tiny commercial loan program, and far more.

Congressional leaders, after several tense months, struck a compromise late Sunday evening.

Trump is predicted to sign the bill later in the week .

However, because government funding runs out in the dark , lawmakers have also passed a separate stopgap funding bill to avoid a government shutdown for seven days, giving an additional week for the “enrollment process” of such a huge bill.

Treasury Secretary Steven Mnuchin said Monday Americans who qualify for direct payments within the new pandemic relief legislation should expect to ascertain money in their accounts as early as next week.

“The excellent news is that this may be a very, in no time way of getting money into the economy. Let me emphasize: people are getting to see this money at the start of next week,” Mnuchin said during a phone interview with CNBC.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *