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House Of Representatives Passes $2.2 Trillion COVID-19 Stimulus Package

Written by on October 2, 2020

On Thursday, the House of Representatives voted to pass a $2.2 trillion COVID-19 stimulus bill, despite both parties in Congress and the Trump administration remaining divided on what the package should include. The House voted 214-207 mostly along party lines to pass the measure Thursday night. 

The measure is an update to the $3.4 trillion HEROES Act that passed in the House in May but never made it to the Senate floor. It includes $600 in weekly unemployment benefits through January and a second round of $1,200 payments mailed to taxpayers as well as a $500 check for dependents. It also sets aside $182 billion for grade schools, $39 billion for post-secondary institutions and $57 billion for childcare support, and would add funds to the Paycheck Protection Program.

However, the bill is not expected to move beyond the House as Senate Republican leader Mitch McConnell has opposed the legislation, proposing a narrower measure that was blocked by Democrats.

House passes $2.2 trillion Democratic coronavirus stimulus bill

Via www.cnbc.com
 

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