Stimulus Package Update December

Breaking down the 900b stimulus package and 1 4t omnibus bill.

Stimulus package update december. With this latest stimulus update it s looking less probable that a stimulus package will be approved this year. Congress has given itself little choice but to immediately get to work on the next economic stimulus package as soon as president elect biden takes office first published on december 9 2020. Updated dec 30 2020.

The development heads off a government shutdown. Unless the president signs the legislation as originally expected don t expect. The house of representatives passed the cash act pdf on dec.

The legislation offers a wide range of help both for individuals and for struggling elements of the economy from mass. 28 to authorize a 2 000 second stimulus payment for every qualifying adult and dependent but it hasn t been picked up for a vote in. The chamber passed the cash act on dec.

Here s what is in the package. News update december 23 2020 understanding the 900 billion stimulus package this article was published on. 21 2020 congress passed an emergency stimulus package designed to deliver approximately 900 billion in covid 19 related aid.

Lawmakers struck a nearly 900 billion covid 19 stimulus deal sunday that would deliver badly needed aid to millions. The 600 per person payments are part of the stimulus bill passed by congress in december and signed by mr. Trump signed it after days of demanding changes to the stimulus package congress passed on december 21.

12 23 20 5 00 am on monday dec. The economic relief package will issue payments of 600 and distribute a federal unemployment benefit of 300 for at least 10 weeks.