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Showing posts with the label aid

House approves increasing stimulus checks to $2,000

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The House of Representatives voted Monday to increase coronavirus stimulus checks from $600 to $2,000. Meanwhile, President-elect Joe Biden criticized transition officials for withholding needed information from the incoming administration. CBS News White House correspondent Paula Reid reports and Associated Press White House reporter Jill Colvin and Wall Street Journal Capitol Hill reporter Siobhan Hughes join CBSN's Omar Villafranca to discuss. 

White House, Senate Reach Massive $2 Trillion Aid Deal

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Finally!  The White House and Senate leaders struck a major deal over a $2-trillion package to provide a jolt to an economy struggling amid the coronavirus pandemic, capping days of marathon negotiations that produced one of the most expensive and far-reaching measures in the history of Congress. Senate Majority Leader Sen. Mitch McConnell (R-KY) and Minority Leader Sen. Chuck Schumer (D-NY) announced a deal had been reached from the floor of the Senate. The new Senate coronavirus bill: $500B for corporate bailouts (bad) $367B for small business loans (good) $130B for hospitals (good) $1,200 per adult (not nearly enough) $600/week in unemployment benefits for 4 months (good, but should go to every jobless American)