Federal Stimulus Latest News

After weeks of back and forth congress has approved a new 900 billion stimulus package to follow up the cares act from march which included a 1 200 stimulus check 600 in weekly federal.

Federal stimulus latest news. Millions of unemployed americans will get a 300 per week federal ui boost through march with new stimulus bill published mon dec 21 2020 11 21 am est updated mon dec 21 2020 3 09 pm est. A new fiscal stimulus bill signed into law dec. According to the latest stimulus bill.

Senate majority leader mitch mcconnell on tuesday blocked an attempt to vote on the 2 000 stimulus checks approved by the house but resurrected the higher payments in a new bill that includes. The federal government will also add an additional 300 per week in unemployment benefits to the amount doled out by the various states. The 600 checks will only go out to individuals making less than 75 000 a year or couples making less than 150 000.

The 900 billion stimulus package directs 600 to each child in a family as long as they are considered qualifying children under the irs tax code for the child tax credit. Similar to the cares act individuals making between 75 000 and 100 000 will. Lawmakers struck a roughly 900 billion covid 19 stimulus deal that includes another round of stimulus checks and badly needed jobless benefits for struggling americans ending a long standoff in.