Congress passed a new $900B coronavirus relief package yesterday, with bipartisan support in the House (359-53) and Senate (92-6). The legislation marks the second-largest economic stimulus in US history (following $2T of pandemic relief in March) and now heads to President Trump for his signature (expected this week).
More context: The relief bill includes $600 direct payments to most Americans (expected to go out as early as next week), an extension of enhanced $300 / week unemployment benefits (until Spring), and additional PPP funding for businesses.
The New Paper
This story is from the December 22, 2020 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.