There Goes the National Debt: Congress Agrees on Another COVID Stimulus Bill

The United States Congress has finally reached consensus and reached a deal on a $900 Billion COVID relief package.

From CNN:

Congressional leaders announced Sunday night that they have secured a deal for a sweeping $900 billion rescue package to deliver much-needed relief for small businesses, unemployed Americans and health care workers while bolstering vaccine distribution.After days of tense negotiations and months of partisan stalemate, Senate Majority Leader Mitch McConnell announced Sunday evening that leadership from both chambers had “finalized an agreement,” saying, “It is packed with targeted policies that help struggling Americans who have already waited entirely too long.”The announcement follows policy disputes and partisan finger-pointing between Democrats and Republicans that fueled uncertainty over whether lawmakers would manage to close out a deal or whether talks would collapse with lawmakers soon set to leave Washington for the holidays and the end of the 116th Congress in sight.The full details of what will be in the package — and the legislative text — have yet to be released, and lawmakers must now race to pass another stop-gap measure to avert a government shutdown ahead of a midnight deadline and buy additional time to hold votes on the pandemic relief deal.

Let us remind everyone of where the National Debt currently stands:

While many people will be provided relief we have a long lasting impact that can’t be ignored. The debt is going to ballon with government intervention instead of other measures to keep the economy safe.

Categories: Politics

Tagged as: , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s