The daily business briefing: December 22, 2020

Congress approves coronavirus relief and massive spending bill, USPS crunch delays millions of Christmas packages, and more

Bipartisan congressmembers celebrate coronavirus relief bill.
(Image credit: Cheriss May/Getty Images)

1. Congress approves coronavirus relief and spending bill

Congress on Monday passed the $900 billion coronavirus relief package and a $1.4 trillion omnibus spending bill. The legislation passed with overwhelming bipartisan support as COVID-19 infections, hospitalizations, and deaths surge and previous coronavirus relief benefits expire. Americans could start receiving $600 per person checks under the relief bill as soon as next week. President-elect Joe Biden had urged fellow Democrats to accept a compromise with top Republicans that provided less aid than Democrats wanted. "Yes, there is more work to do, and it will cost some money, but it will protect jobs and, most importantly, it will meet the needs of the American people," House Speaker Nancy Pelosi (D-Calif.) said.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Explore More
Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.