New Stimulus Bill Update

After months of negotiations lawmakers finally settled on a 900 coronavirus relief bill in late december that included a follow up round of stimulus checks more. The house approved an extension on wednesday that will give the government another week to come up with a spending bill to fund the government as well as a stimulus package. President elect joe biden on thursday proposed a 1 9 trillion coronavirus stimulus bill that would add 1 400 to the 600 direct payments granted under a law signed by president donald trump late.

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The development heads off a government shutdown.

New stimulus bill update. Cbs detroit the 900 billion covid relief bill along with the 1 4 trillion spending bill to fund the government became law sunday evening with president trump s signature. Holding off on 160 billion in funding for state and local governments was key to finding support for another round of stimulus payments according to analysts at raymond james. The democrat controlled house meanwhile had passed a 2 2 trillion stimulus bill in october and the white house countered with a 1 8 trillion proposal.

Trump signed it after days of demanding changes to the stimulus package congress passed on december 21. Here s what you need to know.

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