General
US Congress passes $US892 billion coronavirus relief package
The US Congress has passed a $US892 billion ($1.179 trillion) coronavirus aid package aimed at throwing a lifeline to the nation’s pandemic-battered economy.
Key points:
- The bill is likely to be the final major piece of legislation for the 116th Congress that expires on January 3
- It has a net cost of roughly $350 billion for coronavirus relief
- The stimulus package is the first congressionally approved aid since April
Another bipartisan vote also passed a $US1.4 trillion measure that will keep the US Government funded for another year.
The relief bill includes $US600 payments to most Americans as well as additional payments to the millions of people now out of work because of the COVID-19 pandemic.
A larger, previous round of benefits is due to…
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