US Congress rule on $900B COVID-19 aid bill major details

US Congress rule on $900B COVID-19 aid bill major details

The second tranche of the COVID-19 aid package is just around the corner as US lawmakers haggled on Wednesday over its details. The relief package is expected to include $600-$700 stimulus checks as well as additional unemployment benefits.

However, major details in the coronavirus aid bill remain unsettled. One argument was over whether to increase reimbursements from the Federal Emergency Management Agency to local governments for COVID-19-related expenditures, such as personal protective equipment for schools. According to Democrats, it would cost about $1 billion, but Republicans were doubtful.

Durbin said the lawmakers will sort things out on Wednesday and have the bill ready for voting starting on Thursday. However, the haggling went on until Wednesday evening. Steny Hoyer, Democratic leader of the House, said that if the approval of the COVID-19 relief is not sealed on its Friday deadline, he could see another provisional spending bill of three or four days’ duration to keep government agencies open while negotiations continue.

Risk disclaimer "TS Software Ltd – Trust Company Complex, Ajeltake Road, Majuro, Ajeltake Island, MH 96960, Marshall Islands is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of TS Software Ltd and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.net or TS Software Ltd." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?