• House plans to pass $1.9 trillion Covidrelief bill Wednesday, send it to Biden

    10 Mar 2021 | Economic News
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House Democrats aim to pass the $1.9 trillion coronavirus relief bill on Wednesday so Pr Democrats will likely pass the package without Republican votes, as the GOP questions the need for nearly $2 trillion more in federal spending. The bill was approved in the Senate without Republican support through the budget reconciliation process.


The president previously said he expects direct payments of up to $1,400 to start hitting Americans’ bank accounts this month.


On Tuesday, House Democratic Caucus Chair Hakeem Jeffries, D-N.Y., told reporters he is “110% confident that the votes exist to pass” the plan.


The legislation extends a $300 per week jobless benefit boost and programs expanding unemployment aid to millions more Americans through Sept. 6. It includes the stimulus payments, an expansion of the child tax credit, rental and utility assistance, and state, local and tribal government relief. President Joe Biden can sign it by the weekend.


The bill also puts more money into Covid-19 vaccine distribution and testing, along with K-12 schools and higher education institutions.


Reference: CNBC

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