The Timaru Herald

Congress to pass long-delayed relief

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Top Capitol Hill negotiator­s sealed a deal yesterday on an almost US$1 trillion Covid-19 economic relief package, finally delivering long-overdue help to businesses and individual­s and providing money to deliver vaccines to a nation eager for them.

The agreement, announced by Senate leaders, would establish a temporary US$300 per week supplement­al jobless benefits and US$600 direct stimulus payments to most Americans, along with a new round of subsidies for hardhit businesses and money for schools, health care providers and renters facing eviction.

The House was expected to vote on the legislatio­n today, said a spokeswoma­n for House Majority Leader Steny Hoyer, D-Md. The House would pass a one-day stopgap spending bill to

Senate Majority Leader avert a government shutdown. The Senate was likely to vote today, too. Lawmakers were eager to leave Washington and close out a tumultuous year.

‘‘There will be another major rescue package for the American people,’’ Senate Majority Leader Mitch McConnell, R-Ky., said in announcing the agreement for a relief bill that would total almost US$900 billion. ‘‘It is packed with targeted policies to help struggling Americans who have already waited too long.’’

The final agreement is the largest spending measure yet. It combines Covid-19 relief with a US$1.4 trillion government-wide funding plan and lots of other unrelated measures on taxes, health, infrastruc­ture and education.

While Schumer said Democrats would have wanted more, passage is nearing as coronaviru­s cases and deaths spike and evidence piles up that the economy is struggling.

Late-breaking decisions would limit the US$300 per week bonus jobless benefits — one half the supplement­al federal unemployme­nt benefit provided under the CARES Act in March – to 10 weeks instead of 16 weeks as before. The direct US$600 stimulus payment to most people is also half the March payment, subject to the same income limits in which an individual’s payment begins to phase out after $75,000.

President Donald Trump is supportive, particular­ly of the push for providing more direct payments.

‘‘GET IT DONE,’’ he said in a tweet on Sunday.

It would be the first significan­t legislativ­e response to the pandemic since the US$1.8 trillion CARES Act passed virtually unanimousl­y in March.

The legislatio­n was held up by months of dysfunctio­n, posturing and bad faith. But talks turned serious last week as lawmakers on both sides finally faced the deadline of acting before leaving Washington for Christmas.

A breakthrou­gh came late Sunday in a fight over Federal Reserve emergency powers that was resolved by the Senate’s top Democrat, Chuck Schumer of New York, and conservati­ve Republican Pat Toomey of Pennsylvan­ia.

That led to a final round of negotiatio­ns on other issues. –AP

‘‘It (the package) is packed with targeted policies to help struggling Americans who have already waited too long.’’ Mitch McConnell

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