US Congress leaders have finally approved $900b COVID-19 relief package on Sunday after passing the CARES Act back in March.
The agreement, announced by congressional leaders, would establish a temporary $300 per week supplemental jobless benefit and a $600 direct stimulus payment to most Americans, along with a new round of subsidies for hard-hit businesses and money for schools, health care providers and renters facing eviction.
“Make no mistake about it: This agreement is far from perfect, but it will deliver emergency relief to a nation in the throes of a genuine emergency,” Democratic Sen. Chuck Schumer said Sunday.
Congress passed a one-day extension of government funding late Sunday to give lawmakers one more day to review the deal to avoid a partial government shutdown deadline.
For the bill to become law, both the House and Senate must pass the legislation, and President Donald Trump will need to sign it. Both chambers are expected to debate and vote on the package Monday.