Домой United States USA — Financial House set to pass Biden’s $1.9T pandemic relief package

House set to pass Biden’s $1.9T pandemic relief package

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The bill would send $1,400 stimulus checks to millions of Americans, boost unemployment payments and increase the Child Tax Credit.
Democrats are on track to pass President Joe Biden’s coronavirus relief plan in the House by Friday night, a major milestone on the way to hitting their mid-March target for turning the $1.9 trillion package into law — and fulfilling a key priority for the White House. The tally is expected to divide along party lines, with Republican lawmakers taking the calculated political risk of opposing the relief measure. But Democrats will face their more serious struggles after Friday’s vote to send the package across the Capitol, thanks to a Thursday night ruling that bars them from using the pandemic bill to get their long-sought minimum wage increase through the Senate on a simple majority vote. The Covid-19 aid bill would send $1,400 stimulus checks to millions of Americans, boost unemployment payments and increase the Child Tax Credit, as well as provide billions of dollars in aid to small businesses, states and efforts to test and vaccinate against the coronavirus. Five weeks into Biden’s presidency, Democratic leaders remain dogged in their effort to fulfill his pricey ambitions to beat back the coronavirus and buttress the U.S. economy while more than 10 million Americans remain unemployed. Still, it could be at least another week or two before the new president’s legislative proposal clears Congress and lands on his desk.

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