For the latest information on the ongoing stimulus negotiations, please check out our coverage here.
Congress is now truly down to the wire with only one week left to put pen to paper on a relief package.
On Friday, Congress passed a one-week spending bill to avert a government shutdown and to give leaders another week to hash out a stimulus package before crucial programs expire at year’s end. Both sides have said they’d prefer to come to an agreement this week for both an omnibus spending bill and another COVID-19 relief deal.
The stakes are high. Without action from Congress, a slew of pandemic benefits will expire this month—including some unemployment benefits and eviction moratoriums. That’s something the already-weakened economic recovery may struggle to absorb.