The Latest Stimulus Package Update

Emily cochrane reported on the front page of tuesday s new york times that congress on monday night overwhelmingly approved a 900 billion stimulus package that would send billions of dollars to american households and businesses grappling with the economic and health toll of the pandemic.

The latest stimulus package update. Answers to your questions about the stimulus bill updated dec 30 2020 the economic relief package will issue payments of 600 and distribute a federal unemployment benefit of 300 for at least 10. Deal reached on covid economic relief cbs detroit congress finally reached a deal on a second stimulus package sunday worth approximately 900 billion. The package sends direct stimulus payments of 600 to individuals half the amount provided in the first round of checks which went out in the spring.

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. 600 stimulus checks 300 bonus for federal unemployment benefits in new deal. Lawmakers struck a nearly 900 billion covid 19 stimulus deal sunday that includes another.

Those who earned more than 87 000 will not receive anything for themselves. That amount declines by five dollars for every 100 a recipient earned over 75 000. Congressional leaders on monday unveiled the text of a 900 billion fiscal stimulus package and a 1 4 trillion government funding deal that will deliver critical pandemic aid to millions of.

The house and senate will vote on the package monday which must be signed by president trump. The stimulus package includes another round of stimulus checks. Eligible families will receive an additional.

Every adult with a 2019 adjusted gross income less than 75 000 should receive 600.