What’s in the long-awaited $ 900 billion stimulus package?

STATEN ISLAND, NY – With approximately A $ 900 billion stimulus deal is about to go through, There is a promise of unemployment assistance, rent assistance, help for small businesses and schools, and a plan to distribute the vaccine against the coronavirus (COVID-19), according to a recent report.

The long-awaited second stimulus plan would follow a first series of controls financed by a package of 2,000 billion dollars from the federal government in March. The original package included $ 250 billion for direct payment to Americans, in addition to money for small businesses, unemployment insurance, health care costs and more.

Americans are patiently waiting for a second round of stimulus payments, and Senate and House lawmakers have promised another $ 1,200 check for months, but have yet to deliver.

According to a New York Times report, the A package of 900 billion dollars would include the following:

  • A new round of direct payments for millions of Americans.
  • Additional unemployment benefit
  • Food aid
  • Rental assistance
  • Federally guaranteed loans for businesses that have been affected by the pandemic
  • Funding of schools and hospitals
  • Funding for the distribution of the COVID-19 vaccine

AGREEMENT NOT YET CONCLUDED

Although the package has yet to be approved, Republicans and Democrats have hinted they are close to closing the deal, according to the report.

Rep. Leader Kevin McCarthy of California said “we have to work out the little things,” according to the Times.

“We are making good progress,” Senator Chuck Schumer, the Democratic leader, told the outlet. “Nobody gets everything they want, but we feel pretty good.”

While local authorities have asked for help to help the city and state recover from the fiscal devastation caused by the pandemic, the package does not appear to be focused on that bailout money, according to the report.

However, President-elect Joe Biden said the $ 908 billion package would be useful for now, but more help would be needed in 2021.

“The recovery plan is encouraging. But that’s a down payment – a big down payment on what’s going to have to be done from late January through February. But it’s very important to do it, ”Biden told The New York Times.

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