Congress nears $900bn COVID bill with stimulus cheques: Reports

Congress is nearing agreement on a new virus relief bill that includes another round of direct cash payments to Americans but no financial aid for states and cities, according to media reports.

Politico reported the stimulus cheques under the potential new agreement would likely be far less than the $1,200 per person offered in an earlier bipartisan proposal [File: Eric Gay/AP]
Politico reported the stimulus cheques under the potential new agreement would likely be far less than the $1,200 per person offered in an earlier bipartisan proposal [File: Eric Gay/AP]

United States congressional negotiators neared a $900bn deal to address COVID-19, including direct payments to Americans but no financial aid for states and cities and no liability protections for businesses, according to media reports on Wednesday.

The potential agreement could come as early as later on Wednesday morning, according to Politico and the Washington Post, which both cited multiple sources involved in or briefed on the continuing talks.

Unemployment benefits would also be extended as part of the package, the reports said.

Reported progress on a relief bill comes after leaders in Congress on Tuesday said they had made substantial progress towards finalising relief in late-night talks aimed at addressing the pandemic’s heavy human and economic toll, and funding the federal government to avert a government shutdown.

Reuters news agency was not immediately able to confirm the $900bn figure.

Republican Senate Majority Leader Mitch McConnell has been urging this approach, leaving out the local aid desired by Democrats and a liability shield pushed by Republicans that are the two most contentious items on the table.

With pressure building on Congress to deliver more help for a nation suffering under a resurgent pandemic, McConnell and House of Representatives Republican Leader Kevin McCarthy met twice on Tuesday with Democratic counterparts House Speaker Nancy Pelosi and Senate Democratic Leader Chuck Schumer, in rare face-to-face negotiating sessions between Congress’s top leaders.

The surge of infections and hospitalisations continues to strain the healthcare systems to the brink of collapse with 304,187 US deaths and 16.7 million infections, according to a Reuters tally. On Tuesday, the country saw 3,102 deaths – the third-highest total since the pandemic began.

It was not immediately clear how much individuals would receive as part of the direct payments, but Politico reported it would likely be far less than the $1,200 per person offered in an earlier bipartisan proposal in order to contain the legislation’s costs. The Post also said the payments could be lower.

Democratic negotiators also said other aid to states would be included in the bill but gave no other details, Politico said.

Top congressional leaders left talks on Tuesday without announcing a deal but said they were optimistic and moving in the right direction. The group included McConnell, McCarthy, Pelosi, Schumer and Treasury Secretary Steven Mnuchin.

Source: Reuters

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