Fiscal Stimulus Research Brief
Lawmakers agree upon long-awaited omnibus bill. After months of negotiations, Congress has reached a deal on a $900 billion relief package. The bill comes immediately before protections for workers were set to expire, including unemployment benefits and an eviction moratorium. As COVID-19 cases spike and several cities tighten business restrictions, the additional federal assistance aims to bridge the economy and individuals through the next few months when vaccines become widely available. Subsequent support may be necessary, though future bills could be more focused if the legislative branch remains split.