Senate Republicans released their "phase three" coronavirus economic stimulus package on Thursday in a follow-up to Wednesday's package.
The Senate passed an initial package on Wednesday, which originated in the Democrat-led House and included paid sick leave, unemployment benefits, free COVID-19 testing, and other food and medical aid. But Thursday's proposal walks back some of those actions by putting stricter limits on who can use that paid leave. It also includes loans for small businesses of up to $10 million, a lift on excise taxes for airlines, and a variety of tax cuts and adjustments for businesses.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
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.
-
China and India's dam war in the HimalayasUnder The Radar Delhi's response to Beijing's plans for a huge dam in Tibet? Build a huge dam of its own right nearby
-
Born this wayOpinion 'Born here, citizen here' is the essence of Americanism
-
What does Trump's immigration crackdown mean for churches?Today's Big Question Mass deportations come to 'sacred spaces'
-
Chinese AI chatbot's rise slams US tech stocksSpeed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
-
US port strike averted with tentative labor dealSpeed Read The strike could have shut down major ports from Texas to Maine
-
Biden expected to block Japanese bid for US SteelSpeed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
-
Judges block $25B Kroger-Albertsons mergerSpeed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
-
Rupert Murdoch loses 'Succession' court battleSpeed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
-
Bitcoin surges above $100k in post-election rallySpeed Read Investors are betting that the incoming Trump administration will embrace crypto
-
Enron mystery: 'sick joke' or serious revival?Speed Read 23 years after its bankruptcy filing, the Texas energy firm has announced its resurrection
-
US charges Indian tycoon with bribery, fraudSpeed Read Indian billionaire Gautam Adani has been indicted by US prosecutors for his role in a $265 million scheme to secure solar energy deals
