Connect with us

Hi, what are you looking for?

Politics

U.S. Congress Sends $892b COVID-19 Relief Bill for Trump Signature

By Agency Reporter
The U.S. Congress on Monday approved an $892 billion coronavirus aid package, throwing a lifeline to the nation’s pandemic-battered economy after months of inaction, while also keeping the federal government funded.

President Donald Trump is expected to sign the package into law after it was dispatched to the White House.

Following days of furious negotiation, both legislative chambers worked deep into the night to pass the bill – worth about $2.3 trillion including spending for the rest of the fiscal year – with the House of Representatives first approving it and the Senate following suit several hours later in a bipartisan 92-6 vote.

The virus relief bill includes $600 payments to most Americans as well as additional payments to the millions of people thrown out of work during the COVID-19 pandemic, just as a larger round of benefits is due to expire on Saturday.

The stimulus package, the first congressionally approved aid since April, comes as the pandemic is accelerating in the United States, infecting more than 214,000 people every day and slowing the economic recovery.

More than 317,000 Americans have died.

House Speaker Nancy Pelosi, a Democrat, said she supported the virus relief bill even though it did not include the direct aid for state and local governments that Democrats had sought.

She said they would try for it again after Democratic President-elect Joe Biden takes office on Jan. 20.

The bill, she said, “doesn’t go all the way but it takes us down the path.”

Republican Representative Hal Rogers, who also supported the package, said “it reflects a fair compromise.”

At 5,593 pages, the wide-ranging bill that also spends $1.4 trillion on an array of federal programs through the end of the fiscal year in September, is likely to be the final major piece of legislation for the 116th Congress that expires on Jan. 3.

Congress included a measure continuing current levels of government spending for seven days, ensuring no interruption to federal operations.

It has a net cost of roughly $350 billion for coronavirus relief, Republican Senate Majority Leader Mitch McConnell said, adding that more than $500 billion in funding comes from unspent money Congress had authorized.

Even so, the bill was so unwieldy that it caused congressional computers to malfunction.

It includes a hodgepodge of tax breaks and other proposals that failed to pass on their own, including two new Smithsonian museums and limits on surprise medical billing.

The legislation also renews a small-business lending program by about $284 billion and steers money to schools, airlines, transit systems and vaccine distribution.

*Source Reuters/NAN

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

ad

You May Also Like

Business

QNET, a global lifestyle and wellness-focused direct-selling company, has recently become aware of fraudulent activities being carried out in the name of its CSR...

Tech

MasterCard and Onafriq, a pan-African payments provider, have partnered to provide a range of payment solutions to consumers and small and medium-sized businesses across...

Tech

SHELT, a leading provider of cybersecurity solutions, is proud to announce the launch of its new business unit in Nigeria, SHELT System Integration (SHELT...

News

Economic and Financial Crimes Commission (EFCC) has filed a three-count charge against popular Instagram celebrity, Pascal Okechukwu, also known as Cubana Chief Priest, for...