Congress has come to an agreement on a new coronavirus relief package, with the Senate passing it Tuesday evening by a voice vote.
The House is expected to vote on the package Thursday. The bill's price tag comes out to $484 billion, with about $320 billion going to the Paycheck Protection Program after the fund for small business loans recently ran out of money, Politico reports. Additionally, the bill includes $75 billion for hospitals and $25 billion for coronavirus testing.
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.
-
Saint Paul de Vence: a paradise for art loversThe Week Recommends The hilltop gem in the French Riviera where 20th century modernism flourished
-
'People in general want workers to earn a decent living'Instant Opinion Opinion, comment and editorials of the day
-
What might a Trump victory mean for the global economy?Today's Big Question A second term in office for the 'America First' administration would send shockwaves far beyond the United States' shores
-
US economy still strong in final preelection reportSpeed Read It grew at a solid 2.8% annual rate from July through September
-
Boeing machinists reject deal, continue strikeSpeed Read The rejection came the same day Boeing reported a $6.2 billion quarterly loss
-
Ports reopen after dockworkers halt strikeSpeed Read The 36 ports that closed this week, from Maine to Texas, will start reopening today
-
Empty-nest boomers aren't selling their big homesSpeed Read Most Americans 60 and older do not intend to move, according to a recent survey
-
Brazil accuses Musk of 'disinformation campaign'Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
-
Disney board fends off Peltz infiltration bidSpeed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
-
Disney and DeSantis reach detenteSpeed Read The Florida governor and Disney settle a yearslong litigation over control of the tourism district
-
Visa and Mastercard agree to lower swipe feesSpeed Read The companies will cap the fees they charge businesses when customers use their credit cards
