{"id":38964,"date":"2020-12-22T12:56:26","date_gmt":"2020-12-22T08:56:26","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=38964"},"modified":"2020-12-22T12:56:27","modified_gmt":"2020-12-22T08:56:27","slug":"congress-approves-long-awaited-900-billion-covid-rescue-package","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/congress-approves-long-awaited-900-billion-covid-rescue-package\/12\/22\/market-updates\/","title":{"rendered":"Congress Approves Long-Awaited $900 Billion Covid Rescue Package"},"content":{"rendered":"\n<p>The US Congress has passed the long-awaited &#8220;stimulus package&#8221; Covid relief bill and the government&#8217;s funding plan<\/p>\n\n\n\n<p>Here are key provisions that will be included as part of the agreement, according to summaries of the legislation released by Democratic and GOP leadership:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Direct payment checks of up to $600 per adult and child<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Aid for struggling small businesses, including more than $284 billion for forgivable Paycheck Protection Program loans and $15 billion &#8220;in dedicated funding for live venues, independent movie theaters, and cultural institutions&#8221;<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>$300 per week for enhanced unemployment insurance benefits<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>$20 billion to buy vaccines and make &#8220;the vaccine available at no charge for anyone who needs it&#8221; and $8 billion for vaccine distribution<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>$20 billion for coronavirus testing efforts<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>$25 billion for rental assistance and an eviction moratorium extension<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>$82 billion for education providers like schools and colleges, including aid to help reopen classrooms safely and $10 billion for child care assistance<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li> $429 billion in unused funds provided by the CARES Act for the Federal Reserve&#8217;s emergency lending facilities<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>$13 billion in increased Supplemental Nutrition Assistance Program and child nutrition benefits<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>$7 billion to bolster broadband access to help Americans connect remotely during the pandemic<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>$45 billion to support transportation services, including $2 billion for airports, $1 billion for Amtrak and $16 billion for &#8220;another round of airline employee and contractor payroll support&#8221;<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>A tax credit &#8220;to support employers offering paid sick leave&#8221;<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The US Congress has passed the long-awaited &#8220;stimulus package&#8221; Covid relief bill and the government&#8217;s funding plan Here are key provisions that will be included as part of the agreement, according to summaries of the legislation released by Democratic and GOP leadership: Direct payment checks of up to $600 per adult and child Aid for &hellip;<\/p>\n","protected":false},"author":9,"featured_media":32618,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,36],"tags":[6858],"class_list":["post-38964","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-market-updates","tag-us-economy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/38964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=38964"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/38964\/revisions"}],"predecessor-version":[{"id":38965,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/38964\/revisions\/38965"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32618"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=38964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=38964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=38964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}