NEW: House of Reps passes $1.9 trillion Covid stimulus bill 220-211. It will now be sent to President Biden to sign into law.
It includes a huge expansion of the social security net, effectively establishing for a year at least, min income guarantees for families with children.
It includes a huge expansion of the social security net, effectively establishing for a year at least, min income guarantees for families with children.
Biden's bill will provide:
$350bn for state/local govt
$19bn for infrastructure
$14bn for vaccine distribution
$130 billion to schools
$45 billion in rental, utility and mortgage help
Several billion for small biz/live performance venues
Direct payments to millions of Americans
$350bn for state/local govt
$19bn for infrastructure
$14bn for vaccine distribution
$130 billion to schools
$45 billion in rental, utility and mortgage help
Several billion for small biz/live performance venues
Direct payments to millions of Americans
It will also
-Extend unemployment insurance
-Establish direct income guarantees for families w/children
-Provide substantial (though temporary) health insurance subsidies
It is probably the biggest expansion of the social security net by the Fed govt since the Great Depression.
-Extend unemployment insurance
-Establish direct income guarantees for families w/children
-Provide substantial (though temporary) health insurance subsidies
It is probably the biggest expansion of the social security net by the Fed govt since the Great Depression.
President Biden has signed the bill into law, a day early.
Jen Psaki, Biden's Press Sec: "People can expect to start seeing direct deposits hit their bank accounts as early as this weekend.”
Jen Psaki, Biden's Press Sec: "People can expect to start seeing direct deposits hit their bank accounts as early as this weekend.”
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