Lawmakers Unveiled the $908B Coronavirus Rescue Package
A bipartisan group of lawmakers unveiled a $908 billion coronavirus rescue package Monday, with a potential deal coming down to the wire since Congress has until the end of the week to strike an agreement that can be tied to longer-term spending legislation.
Economists have stressed the need for additional aid as 12 million Americans could lose their unemployment benefits the day after Christmas. Eviction moratoriums for renters and protections for student borrowers are also set to expire, as well as a federal program for paid family leave.
The package is split into two bills. The larger, $748 billion bills, called the Bipartisan Emergency COVID Relief Act of 2020, includes enhanced unemployment benefits. It would also temporarily extend an eviction moratorium and federal student loan forbearance, according to a summary of the proposal, which was obtained by USA TODAY.
