One option is for Congress to pass a smaller bill than the Democrats have backed, a bill that expands some of the most critical programsand leaves . The idea here may be that Congress could return to discussions of a broader package after the Biden administration takes over .
But after months of bickering and pushing and talking, the Senate and the House of Representatives need only a few more days to close a deal before the end of the year. Over the next two weeks, House Majority Leader Steny Hoyer marked a window detailing his room on Friday., specifically December 2 to early the week of December 7.
But there is. (And Suggest opponents may not be necessary, as a points to a return to work and the kind of spending that drives the economy. however, wider distribution by mid-2021 is still months away.
Earlier this week, a group of 127 economists signed an open letter (PDF) urging for a, a fair and effective way to “get families and the economy back on track”. But what does it mean if there is one more, after months of incentives not come? We’ve looked at the other benefits that a new incentive package could bring you, even without another . This story is regularly updated with new information.
A smaller bill could bring in more money for federal unemployment assistance
Theauthorized in March in unemployment money for the unemployed. When that program ended in July, that extended payments through the end of the year by an additional $ 300 per week, until December 31, or until the money for each state ran out. With the total number of unemployed workers claiming benefits, as high as 20 million, the government reported this month, a renewal of federal unemployment aid could directly help millions of people pay rent, food and other necessities.
Money for small businesses to pay employee payroll
The Payroll Protection Program, also part of the CARES Act, was designed to keep workers in employment by providing forgiving loans to small businesses to pay wages. That means people who work for small businesses should be more likely to keep their jobs as their employer can get extra money to keep employees on the books.
While recent studies suggest the payroll program wasn’t as effective as it could have been – with many companies using the loans for unpaid expenses and to build savings, according to a University of Chicago study – both Republicans and Democrats have insisted on renewal. of the program aimed at the hardest hit small businesses.
Protection of tenants that stop evictions
The CARES law covered a period of 120 days. Trump extended the moratorium until December 31. A recent US Census survey found that one in five tenants will not be caught up on their rent during the pandemic, making a lapse of protection potentially catastrophic for US households and exacerbated by a predicted rise in personal bankruptcy.
With Congress running past Thanksgiving and a December 11 deadline to approve a new federal budget, lawmakers will have to act quickly to agree to a short-term resolution before the new year.
Until then, here’s what we know about the state of, which can be and unless Congress acts before the end of the year.