• Congress passes long-awaited Covid relief bill and government funding plan

Market news

22 December 2020

Congress passes long-awaited Covid relief bill and government funding plan

CNBC reports that Congress passed a mammoth coronavirus relief and government spending package Monday night.

Both chambers easily approved the more than $2 trillion legislation in votes that dragged late into the night. Congressional leaders attached $900 billion in pandemic aid to a $1.4 trillion measure to fund the government through Sept. 30.

The House approved the package in a 359-53 vote. The Senate then passed it by a 92-6 margin.

At the same time, Congress passed a seven-day stopgap spending bill to keep the government open during the time it takes for the full-year legislation to get to President Donald Trump’s desk.

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