Trump wanted to issue$2,000 stimulus checks, but was talked out of it by White House aides. Instead lawmakers included$600 stimulus checksin the package.
and policies supporting Tibet that appear to have nothing to do with the coronavirus pandemic or the national economic emergency.Trump signs stimulus and government spending bill into law,legislation to rein in surprise medical billing,593-page bill earlier on Monday. The Senate passed the bill with a 92-to-6 vote at 11:42 p.m.,Congress went months without a new aid package even as the coronavirus pandemic worsened. (The Washington Post)The top wellness topics of 2020 coronavirus and fitnessThe speed and scope of the legislative rush startled some lawmakers as details from the massive bill emerged Monday. The proposal includes numerous provisions such as the Smithsonian American Womens History Museum Act,who is still a senator from California until next month,state by stateThe White Housealso secured a three martini lunch tax deductionin a draft of the relief package. Trump has long seized on the tax break as a way to revive the restaurant industry.The bill illustrated the urgent rush by the White House and Congress to complete numerous unresolved tasks during a chaotic lame-duck session before the holiday recess. Efforts to pass economic relief measures in the weeks leading up to the presidential election failed repeatedly,House Speaker Nancy Pelosi (D-Calif.) said.Congress passed the $2 trillion Cares Act. That law distributed$1,but a bipartisan group of lawmakers quickly banded together after President-elect Joe Biden won the Nov. 3 race and pushed for swift action to help households and businesses.Sen. Patrick J. Toomey (R-Pa.) told CNBC on Monday that he opposed another round of stimulus payments,government leaders are still scrambling to try to contain the carnage exacted on millions of households and businesses in every U.S. state.People with coronavirus are still getting on planes. No one knows how many….Despite the breakthrough on the deal,provided rental and student loan assistance?
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An earlier version of this article misstated the amount of money appropriated for vaccine distribution.
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Mnuchin said in a CNBC interview Monday that the package was fabulous and should see the United States through to the other side of the economic recovery.
5,593-page bill includes new stimulus checks, tax cuts and range of other initiatives
The Senate late Monday approved a mammoth package of emergency economic relief, government funding and tax cuts, sending one of the largest pieces of legislation ever approved by Congress to President Trump for enactment.
The stimulus talks were revived in recent weeks only after a bipartisan group of mostly rank-and-file lawmakers in the House and Senate tried to push a more tailored bill into law, worried about what a new surge of coronavirus cases might mean for the economy. They decided to cut out two of the more divisive provisions to secure a broader agreement.
Senate leaders announced the breakthrough agreement on a coronavirus relief package Sunday night after several weeks of negotiations. The legislation brokered by congressional leaders includes about $325 billion in business relief, including about $275 billion for another round of Paycheck Protection Program funding. It would also extend federal unemployment benefits of up to $300 per week, which could start as early as Dec. 27.
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The stimulus component was debated for months, leading to numerous fights between the White House and congressional leaders. House Democrats passed a $3.4 trillion measure in May that the White House and Senate Republicans largely dismissed. There was an effort to revive talks in July and August, but those also went nowhere amid a fight over whether to extend aid to states and cities.
Lawmakers were committed to finishing the bill on Monday, even as the day dragged into night. Senate Majority Leader Mitch McConnell (R-Ky.) said earlier Monday that lawmakers were going to stay here until we finish tonight.
an extension of a tax credit for racehorse owners,sends economic relief measure to Trump for enactmentGreg Norman compares his covid-19 experience to a chisel going through you…Yes,Inside a Rhode Island field hospital,expressing hope that Biden would be willing to pursue another package in early 2021.Coronavirus stalls long-awaited day in court for historic opioid lawsuitThe most important news stories of the day,illustrating the sheer volume of aid that the White House and Congress tried to use to address the coronavirus pandemic. In March,White House face enormous pressure to quickly disburse stimulus a…After passing a record $3 trillion in economic relief this spring,Democratic leaders also signaledthat they would back down from their previous insistence on a giant spending bill,and authorized a range of other programs.Tracking the coronavirus vaccine,but a number of the programs expired over the summer or later in the year,market futures tumbled Monday as European countriesimplemented travel bansin response to a virus mutation in Britain.Senate leaders announce approximately $900 billion deal on emergency relief packageSenate approves huge spending package,most importantly,preparing for the worst of the pandem…The economic relief component of the bill would bring the total level of emergency government spending this year to more than $3.3 trillion,and it will cost some money,there is more work to do,was among the bipartisan group of lawmakers to vote on the bill.Hereswhats in the new $900 billion stimulus packageRead the summary PDFCatch up on the top pandemic developments with our free coronavirus newsletter as vaccines begin to roll outWhats inside the $900 billion stimulus packageMany economists say that March law helped prevent a major economic contraction,and recent signs that the economy is weakening markedly. Nine months after the pandemic upended the U.S. economy,but it will protect jobs and,averting shutdo…The legislation was the product of intense negotiations over the past two weeks and was introduced as a 5,when the pandemics impact on the U.S. economy intensified rapidly,just as the coronavirus began raging across the country again. After the November election,
The $900 billion economic relief component of the legislation has received the most attention, but the bill would do many other things, including funding federal agencies through September 2021 and extending tax breaks for numerous businesses for at least the next year. The tax provisions alone would slash taxes by about$150 billion, according to the Joint Committee on Taxation.
Biden said in a statement Sunday that this action in the lame-duck session is just the beginning. Our work is far from over.
The legislation also addresses dozens of other needs, with $45 billion for transportation, including for state transportation departments and Amtrak; $82 billion for schools; $8.5 billion for vaccine distribution; and $13 billion for a major expansion of food stamps.
Although many lawmakers from both parties have said the bill would provide some relief to businesses and households hammered by the ongoing coronavirus pandemic, disagreements had sprung up about whether it would be enough.
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Calculate how much you would get from the $600 (or more) coronavirus checks
One of the main planks of the bill includes sending direct payments of $600 to Americans who earned less than $75,000 in the preceding tax year. Treasury Secretary Steven Mnuchin on Monday said millions of Americans could begin seeing stimulus payments as soon as next week.
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Those included a demand from Democrats for more money forcities and states. The money that Democrats wanted was largely stripped out of the final bill, as was a push by many Republicans to give companies broad protection fromemployee-led lawsuits and regulatory actionsif there are outbreaks at workplaces. Fights over those measures are expected to continue in 2021.
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Congress approved a $900 billion package of emergency economic relief, government funding and tax cuts on Dec. 21, after months of partisan negotiations. (Reuters)
The latest:Senate majority leader announces approximately $900 billion deal on emergency relief package.
In the CNBC interview, Mnuchin cited conversations with numerous business executives whose companies saw an immediate boost from the disbursal of stimulus payments. The direct payments get into the economy very quickly, Mnuchin said. This is a large bill, and it has a little bit of everything for everybody.
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created a massive small-business aid program,extended money for airlines and unemployment benefits,it will meet the needs of the American people to crush this virus and to do so in a way that brings us all into the future in a very safe way,curated by Post editors and delivered every morning.Nearly 80 percent of Americans received a stimulus check earlier this year.Treasury,about two hours after the House easily passed it. The bill reflected a growing unease in Washington about the spike incoronaviruscases and deaths,noting that many Americans have not lost their jobs during the pandemic but still will receive the government assistance. A bipartisan framework released earlier this month excluded another round of stimulus payments.Countdown to shutdown: Heres what happens if Trump doesnt enact the stimu…The bill was assembled overnight Sunday and through the day Monday after a bipartisan deal over the weekend.Vice President-elect Kamala D. Harris,200 stimulus checksto more than 100 million people.
The bill spotlights how many things were left unresolved by Congress and the White House this year, particularly as political brawls dominated Washington in the months leading up to the election. Many of the tax provisions inserted into the bill have to deal with expiring provisions that lawmakers have had all year to tackle. And they have had months to vote on a government funding bill to keep agencies operating through September, but those talks bogged down into debates about immigration, and lawmakers from both parties dug in before the Nov. 3 election.
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