The White House and congressional leaders are nearing a deal to pump an additional $300 billion into a new program to keep small businesses from shuttering and their employees from facing unemployment as the coronavirus pandemic derails the economy.
Even before that deal is completed, talk has turned to a larger economic recovery package that could send more cash payments flowing into the pocketbooks of Americans struggling financially because of the coronavirus crisis.
Americans ages 16 and older would be eligible for cash payments of $2,000 per month for at least six months under one proposal under consideration as lawmakers piece together the details of the next economic recovery package.
Financial relief for state and local communities could be part of that package, along with assistance to rural hospitals, hazardous pay for health care workers and infrastructure spending.Many of the proposals won’t make it into the final package, which could be weeks away. Congressional leaders and the White House agree on the need for another economic recovery bill after the $2.2 trillion package President Donald Trump signed into law last month. House Speaker Nancy Pelosi, D-Calif., said the cost of the next coronavirus package could easily surpass $1 trillion.
Chosen excerpts by Job Market Monitor. Read the whole story @ Coronavirus: Bigger checks, aid to states may be in next bill