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Congress finalizes $900B economic relief package

Lawmakers concluded negotiations on a COVID-19 relief bill this weekend, announcing plans for a $900 billion stimulus deal that will establish weekly supplemental jobless benefits. Congress will vote on the package today before being signed by President Trump.

Top negotiators in Congress have sealed a deal on a nearly $1 trillion COVID-19 economic relief package.

Lawmakers announced the agreement Sunday after days of negotiations.

The agreement would establish a temporary $300 per week supplemental jobless benefits and $600 direct stimulus payments to most Americans, along with a fresh round of subsidies for hard-hit businesses and funding for schools, health care providers, and renters facing eviction.

The final agreement was reached after a breakthrough over Federal Reserve emergency powers was resolved by the Senate’s top Democrat and a senior conservative Republican.