Congress reached a deal Sunday on a roughly $900 billion coronavirus relief package, Senate Majority Leader Mitch McConnell announced.
“More help is on the way,” McConnell (R-Ky) said on the Senate floor, adding that lawmakers only have to “promptly finalize text” and “avoid any last-minute obstacles” on the bill.
The massive pact — which the House of Representatives will vote on either late Sunday or on Monday — will include temporary weekly payments of $300 for out-of-work Americans, plus direct $600 stimulus checks to Americans with yearly incomes of up to $75,000.
Also included are subsidies for businesses decimated by the economic downturn, plus funds for schools, health-care providers and renters facing eviction.
Leading Democratic lawmakers heralded news of the deal following the announcement by McConnell.
“Today, we have reached agreement with Republicans and the White House on an emergency coronavirus relief and omnibus package that delivers urgently needed funds to save the lives and livelihoods of the American people as the virus accelerates,” said Senate Minority Leader Sen. Chuck Schumer, of New York, and House Speaker Nancy Pelosi, of California, in a joint statement.
“We are going to crush the virus and put money in the pockets of the American people.”
The legislation comes as the death toll from COVID-19 in the US approaches 317,000 and the economy is still reeling from the effects of the coronavirus downturn.