December 22, 2020
1 min read

US Congress Passes $900 Billion Stimulus Package

US Congress has passed a $900 billion coronavirus relief package, sending the measure to President Donald Trump for signing into law, as many Americans were set to lose pandemic relief benefits by the end of the year.

The long-awaited relief package was approved late Monday by the Republican-majority Senate with a 92-to-6 vote, along with government funding for the rest of the fiscal year, which ends on September 30, 2021, reports Xinhua news agency.

The Democrat-led House of Representatives has also passed the package.

“The Senate just passed another major bipartisan, Covid-19 relief package. The American people can rest assured that more help is on the way, immediately,” Senate Majority Leader Mitch McConnell, top Republican in the upper chamber, tweeted early Tuesday.

Dollar.

Following months of deadlock over the size and scope of the next round of relief package, Democratic and Republican lawmakers finally reached a deal on Sunday.

The $900 billion relief plan includes another round of direct payments for individuals, federal unemployment benefits, and more funding for Paycheck Protection Program to support small businesses.

It also features hundreds of billions more for schools, testing and the distribution of vaccines.

In order to reach an agreement, both parties agreed to drop their key demands: more aid to state and local governments, sought by Democrats, and liability protections for businesses, sought by Republicans.

These have been key sticking points in the marathon negotiations.

As of Tuesday morning, the virus, which originated in China a year ago, has infected a total of 18,029,528 Americans and killed 319,354 others, according to the Johns Hopkins University.

The two tallies are the highest in the world, making the US the hardest-hit country by the pandemic.

Also Read: Mexico, US to strengthen ties on migration

Also Read: US Congress to approve $1.375 bn for border wall

Previous Story

Chile extends curfew as Covid cases surge

Next Story

Malay PM to be among first to get vaccine

Latest from -Top News

India Marks Ayurveda Day in Ghana

The conference brought together academicians, officials from the Ghana Ministry of Health, Ayurveda doctors, herbalists, and other key stakeholders…reports Asian Lite news To mark the 10th Ayurveda Day, the Indian High Commission

US Urges India to Rethink Russian Oil Imports

Wright emphasised the priority of ending the conflict while strengthening US-India ties…reports Asian Lite News United States Energy Secretary Chris Wright urged India to reassess its oil imports from Russia, stressing that

Trump, Shehbaz Set for Oval Office Talks

Sharif will arrive in Washington after attending the 80th United Nations General Assembly in New York….reports Asian Lite News US President Donald Trump will hold high-stakes bilateral meetings on Thursday, including a

Farooq Abdullah Urges Dialogue After Ladakh Unrest

Dr Farooq Abdullah warned the Central government that neglecting their long-standing demands could deepen unrest in the sensitive Himalayan region….reports Asian Lite News Former Jammu and Kashmir Chief Minister and National Conference
Go toTop