Dusk falls over the Capitol, Monday, Dec. 21, 2020, in Washington. Congressional leaders have hashed out a massive, year-end catchall bill that combines $900 billion in COVID-19 aid with a $1.4 trillion spending bill and reams of other unfinished legislation on taxes, energy, education and health care. (AP Photo/Jacquelyn Martin)AP
American’s could see a $600 bump to their bank accounts as soon as next week after Congress passed a $900 billion pandemic relief package Monday night.
The bill went to President Donald Trump for his signature, which was expected in the coming days, The Associated Press reports.
Treasury Secretary Steven Mnuchin, a key negotiator, said on CNBC on Monday morning that the direct payments would begin arriving in bank accounts next week, the report said.
The bill would mean a $600 direct payment to most Americans and a temporary $300 per week supplemental unemployment benefit, The AP reports. It includes subsidies for hard-hit businesses, restaurants and theaters, plus funds for schools, health care providers and renters facing eviction in a sweeping combination of coronavirus-fighting funds and financial relief.
The bill became a catchall for unfinished businesses, combining the $900 billion in COVID-19 aid with a $1.4 trillion spending bill – funding the government through September – and other legislation on taxes, energy, education and health care, the report said.
Unveiled Monday afternoon, the package sped through the House and Senate in a matter of hours without Senate committee hearings or floor debate, after a months-long stalemate between Republicans and Democrats, the report said. The relief package was a devised by a bipartisan group that leaders used a basis for negotiation.
“At times we felt like we were in the wilderness because people on all sides of the aisle didn’t want to give, in order to give the other side a win,” said freshman Rep. Elssa Slotkin, D-Mich. “And it was gross to watch, frankly.”
Democrats promised more aid to come once President-elect Joe Biden takes office, but Republicans were signaling a wait-and-see approach, The AP reports.
“This deal is not everything I want — not by a long shot,” said Rules Committee Chairman Jim McGovern, D-Mass.. “The choice before us is simple. It’s about whether we help families or not. It’s about whether we help small businesses and restaurants or not. It’s about whether we boost (food stamp) benefits and strengthen anti-hunger programs or not. And whether we help those dealing with a job loss or not. To me, this is not a tough call.”
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News – $600 stimulus checks by New Year’s Eve? See timing for next government payout