CNBC

House plans to pass $1.9 trillion Covid relief bill Wednesday, send it to Biden

CNBC logoCNBC 9/03/2021 17:18:38 Jacob Pramuk
  • House Democrats plan to pass the $1.9 trillion coronavirus relief package on Wednesday morning.
  • They aim to get it to President Joe Biden so he can sign it before key unemployment aid programs expire on Sunday.
  • The Senate already approve the legislation, which includes direct payments, an expansion of the child tax credit, vaccine distribution funds and state and local government relief.
a woman wearing a costume: Speaker of the House Nancy Pelosi speaks during her weekly press conference at the U.S. Capitol in Washington, U.S., February 18, 2021. © Provided by CNBCSpeaker of the House Nancy Pelosi speaks during her weekly press conference at the U.S. Capitol in Washington, U.S., February 18, 2021.

House Democrats aim to pass the $1.9 trillion coronavirus relief bill on Wednesday so President Joe Biden can sign it by the weekend.

The chamber received the Senate-passed package on Tuesday, and will take procedural steps to set up final approval Wednesday morning, according to Majority Leader Steny Hoyer's office. Biden aims to sign the plan in time to beat a Sunday deadline to renew unemployment aid programs. It can take days for Congress to formally send huge bills to the White House.

The president previously said he expects direct payments of up to $1,400 to start hitting Americans' bank accounts this month.

Democrats will likely pass the legislation without Republican votes, as the GOP questions the need for nearly $2 trillion more in federal spending. The bill got through the Senate without Republican support through the budget reconciliation process.

On Tuesday, House Democratic Caucus Chair Hakeem Jeffries, D-N.Y., told reporters he is "110% confident" his party has the votes to approve the plan.

The legislation extends a $300 per week jobless benefit boost and programs expanding unemployment aid to millions more Americans through Sept. 6. It includes the stimulus payments, an expansion of the child tax credit, rental and utility assistance and state, local and tribal government relief.

The bill also puts more money into Covid-19 vaccine distribution and testing, along with K-12 schools and higher education institutions.

House progressives had criticized changes the Senate made to a version of the plan representatives previously passed. However, Congressional Progressive Caucus Chair Rep. Pramila Jayapal, D-Wash., signaled the group would still back the proposal as passed by the Senate.

Senators reduced the unemployment supplement to $300 from $400 and limited the number of people receiving direct payments in concessions to conservative Democratic Sen. Joe Manchin of West Virginia.

This story is developing. Please check back for updates.

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mardi 9 mars 2021 19:18:38 Categories: CNBC

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