Congressional lawmakers agreed on a new $900B coronavirus relief package yesterday following several months of negotiations. The bill is expected to include $300 per week of supplemental unemployment benefits and $600 direct payments to most Americans (along with a wide range of other measures and benefits). If approved, the package would be the second-largest economic stimulus bill in US history, following $2T of relief funding approved in March. Congress is expected to vote on the package today.
More context: The relief package is expected to be passed alongside a broader $1.4T government spending bill that would fund the government through late next year. Lawmakers have approved a series of stopgap measures in recent weeks to avoid a government shutdown during the ongoing negotiations.