Currency, Debt, National Budgets & Interest Rates, Domestic Politics, Types of News: Brief, United States
U.S. House Primed to Vote on Massive $3 Trillion Stimulus
May 15, 2020-The U.S. House is scheduled to vote today on a new supplemental spending bill for the current fiscal year. It's the fifth in a series of COVID-19 related stimulus bills, and it is massive in both physical size and its $3 trillion expense.
Called the HEROS Act, the 1,815-page bill would extend unemployment benefits to furloughed workers for an additional six months, provide direct payments to businesses, give additional checks worth up to $1,200 for individuals, provide health care to unauthorized immigrants, financial support to farmers, renters and workers and $1 trillion for states and local governments.
The Congressional Budget Office, which normally provides estimates for spending bills, has not published a report on the bill.
Partisan Support
Democrats are sp...