Congress Reaches Deal on $480 Billion Relief Package

Congressional negotiators have reached a deal on a roughly $480 billion relief package that includes hundreds of billions of dollars in new funding for small businesses hurt by the coronavirus outbreak along with other priorities like money for hospitals and expanded Covid-19 testing.

Lawmakers will try to pass it in the Senate at 4 p.m. ET when the chamber convenes for a pro forma session, which will give lawmakers an opportunity to approve the deal either by unanimous consent or voice vote, meaning most senators would not need to return to Washington, DC, during the pandemic.

The total price tag of the bill is approximately $484 billion.

More information at:

https://www.cnn.com/2020/04/21/politics/chuck-schumer-coronavirus-relief-small-business-cnntv/index.html