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Congress approves $600 stimulus payments for COVID relief

Congress finalized a deal Sunday setting up almost $1 trillion in economic relief to help businesses and individuals amid the Coronavirus Pandemic.

The deal also includes funding for rolling out the COVID-19 vaccine, which many states have started doing with hopes that federal money would arrive to back them up.

The agreement establishes a temporary $300 per week supplemental jobless benefit and $600 in direct payments to most Americans. There’s a new round of subsidies that will also be available for businesses, and funds for schools and healthcare providers has been included in the deal. Renters facing eviction were also provided relief in the package.

It combines COVID-19 relief with a $1.4 trillion government-wide funding plan, as well as other unrelated measures on taxes, health, infrastructure, and education, according to the AP.

Here are some big notes from the deal:

– The $300 per week boost to unemployment will last 10 weeks;

– The $600 stimulus payment will go to those who make less than $75,000 per year; and

– The government funding bill assures that federal agencies are funded through September 2021.

Categories: NewsPolitics