|December 17, 2020
Not Much COVID Relief Movement from Congress
Congress passed the $2.2 trillion CARES Act in the spring. Nine months later, signs point to new $900 billion bill expected to pass before Christmas. News from Washington D.C. says the political landscape could have this being the last one with little appetite by Republicans to support another relief package.
The details and politics have been fluid for weeks, however, broad aspects of the plan under consideration are expected to include:
· $250 billion for another round of Paycheck Protection Program small-business loans
· $150 billion in direct stimulus checks,
· 16 weeks of $300-per-week supplemental federal unemployment assistance
· Funds for vaccine distribution, contact tracing and to help schools and colleges reopen
· PPE for health care providers
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