USA: $ 900 Billion Financial Support Package Agreed to in Congress | WORLD

Democrats and Republicans have agreed on a new bailout package for the US economy, which they have been negotiating since the summer, said Republican Sen. Mitch Maconell.

The new stimulus package for the US economy, which has been hit hard by the impact of the new coronavirus pandemic, will be worth about $ 900 billion. It provides $ 300 per week in unemployment benefits and $ 600 in benefits for many vulnerable Americans, among others.

“We can finally tell our fellow citizens what they have needed to hear for a long time.” More help is coming, “McConnell said.” All four leaders (including parliamentary groups from parties in both houses of Congress) have finalized an agreement, ” added.

“We have reached an agreement with Republicans and the White House on an urgent financial assistance package that will distribute urgently needed funds to save lives and lives of Americans as the pandemic accelerates,” said Nancy Pelosi. Chuck Sumer, the top Democrats in the House of Representatives and the Senate, respectively.

The $ 25 billion is for rent subsidies and mortgages to prevent evictions. Another 100 billion to allow the opening of nurseries and schools. However, it remains to present the final text and avoid last minute obstacles. Democrats expect the vote in both houses to take place today. Congress has also decided to extend by 24 hours a measure that secures funds for federal services to prevent the threat of closure. The first package of support for the US economy, which was approved in March, was 2.3 trillion. dollars and was the largest in United States history.