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Sens. Joe Manchin (D-W. Va.) and Susan Collins (R-Maine) in the Capitol in2018 Photo: Tom Williams/CQ Roll Call
A bipartisan group of senators on Tuesday proposed a $908 billion coronavirus stimulus package, in among the few concrete steps towards COVID relief made by Congress in several months.
Why it matters: Current data reveals that the economic healing is going to pieces as coronavirus cases rise and hospitals threaten to be overwhelmed heading into what is likely to be a grim winter season.
- First-time joblessness applications increased again over the Thanksgiving holiday, and 26 million Americans in late October and early November said they didn’t have sufficient food.
Timing: The framework drops hours before Treasury Secretary Steven Mnuchin and Home Speaker Nancy Pelosi plan to talk about coronavirus relief– their first talks given that October.
The big photo: The majority of lawmakers still see only a little opportunity for passage of a comprehensive relief bundle before completion of the year, offered how far apart Republicans and Democrats remain on key concerns.
- President-elect Joe Biden has stated that he wants Congress to pass coronavirus relief prior to he takes office in January.
Breakdown of the proposed financing:
- State and local: $160 billion
- Additional unemployment insurance: $180 billion
- Small company Income Protection Program (PPP), EIDL and dining establishments: $288 billion
- Transportation: $45 billion
- Vaccine advancement, distribution and screening: $16 billion
- Doctor relief fund: $35 billion
- Education: $82 billion
- Trainee loans: $4 billion
- Real estate support: $25 billion
- Nutrition/Agriculture: $26 billion
- U.S. Postal Service: $10 billion
- Child care: $10 billion
- Broadband: $10 billion
- Opioid treatment: $5 billion
The plan likewise offers short-term federal security from coronavirus-related suits.
Check out the structure by means of DocumentCloud.
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