Congress passed a $900 billion pandemic relief package Monday night that would finally deliver long-sought cash to businesses and individuals and resources to vaccinate a nation confronting a frightening surge in COVID-19 cases and deaths.
Lawmakers tacked on a $1.4 trillion catchall spending bill and thousands of pages of other end-of-session business in a massive bundle of bipartisan legislation as Capitol Hill prepared to close the books on the year. The bill goes to President Donald Trump for his signature, which is expected in the coming days.
WASHINGTON (AP) — The House easily passed a $900 billion pandemic relief package Monday night that would finally deliver long-sought cash to b…
Who will receive benefits, and how much?
The bill combines coronavirus-fighting funds with financial relief for individuals and businesses. It 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, restaurants, and theaters and money for schools, health care providers and renters facing eviction.
On direct payments, the bill provides $600 to individuals making up to $75,000 per year and $1,200 to couples making up to $150,000, with payments phased out for higher incomes. An additional $600 payment will be made per dependent child, similar to the last round of relief payments in the spring.
Word of $600 checks, a temporary boost to unemployment benefits and another month’s reprieve from a blizzard of pending evictions drew pensive…
When will payments begin?
Treasury Secretary Steven Mnuchin, a key negotiator, said on CNBC Monday morning that the direct payments would begin arriving in bank accounts next week.
“I expect we’ll get the money out by the beginning of next week — $2,400 for a family of four,” Mnuchin said. “So much needed relief just in time for the holidays.”
The $300 per week bonus jobless benefit was half the supplemental federal unemployment benefit provided under the $1.8 billion CARES Act in March. That more generous benefit and would be limited to 11 weeks instead of 16 weeks. The direct $600 stimulus payment was also half the March payment.
The sweeping bill also contains $25 billion in rental assistance, $15 billion for theaters and other live venues, $82 billion for local schools, colleges and universities, and $10 billion for child care.
WASHINGTON — The number of Americans applying for unemployment benefits rose again last week to 885,000, the highest weekly total since Septem…
By ANDREW TAYLOR