U.S. Congress reaches deal on COVID-19 relief

MCCONNELL: "More help is on the way."
Republican Senate Majority Leader Mitch McConnell said Sunday evening that an agreement had finally been reached on a $ 900 billion package to provide the first new aid in months to a coronavirus-ravaged economy.
MCCONNELL: "We can finally report what our nation has needed for a long time. More help is on the way. Moments ago the four Senate and House leaders reached an agreement in consultation with our committees. There will be another." The big bailout for the American people as our citizens continue to fight this coronavirus this holiday season they will not fight alone. "
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Chuck Schumer, chairman of the Democratic minority in the Senate, said the package should have enough support to pass both houses of Congress.
The package would be the second largest economic stimulus in US history after a $ 2.3 trillion bailout was passed in March.
The new package would allow direct payments of $ 600 to individuals, increase unemployment benefits by $ 300 per week, and provide hundreds of billions of dollars in additional aid to small businesses. Sources said it would also provide $ 25 billion in rental support.
The bill leaves out two of the most controversial elements in the negotiations: legal protection for businesses from coronavirus lawsuits filed by Republicans, and substantial aid to state and local governments requested by Democrats.
Sources briefed on the matter told Reuters on Sunday that the deal is expected to give U.S. airlines $ 15 billion in new payroll assistance that will allow them to have more than 32,000 workers on leave by March 31 to bring back on their payroll.
The democratically run House of Representatives is expected to vote on the package on Monday. The Republican-controlled Senate will follow suit.
Video transcript
MITCH MCCONNELL: More help is on the way.
- Republican Senate Majority Leader Mitch McConnell said Sunday night that an agreement had finally been reached on a $ 900 billion package to provide the first new aid in months to a coronavirus-ravaged economy.
MITCH MCCONNELL: A few moments ago, the four Chairs of the Senate and House of Representatives made an agreement in consultation with our committees. It will be another important rescue package for the American people. If our citizens continue to fight this coronavirus this holiday season, they will not fight alone.
- Chuck Schumer, Chairman of the Democratic Minority in the Senate, said the package should have enough support to pass both houses of Congress. The package would be the second largest economic stimulus in US history after the $ 2.3 trillion aid package passed in March. The new package would allow direct payments of $ 600 to individuals, increase unemployment benefits by $ 300 per week, and provide hundreds of billions of dollars in additional aid to small businesses.
Sources said it would also provide $ 25 billion in rental support. The bill leaves out two of the most controversial elements in the negotiations - legal protection of companies from Republican-led coronavirus lawsuits and substantial support to state and local governments requested by Democrats. Sources briefed on the matter told Reuters on Sunday that the deal is expected to provide US airlines with $ 15 billion in new payroll assistance that will enable them to split up more than 32,000 workers on leave by March 31 bring back their payroll.
The Democrat-run House of Representatives is expected to vote on the package with the Republican-controlled Senate on Monday.
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