Congress achieves a satisfactory compromise formula on the stimulus package, but what is the price? By Investing.com

Investing.com – Capitol Hill lawmakers reached a compromise on the emergency stimulus package on Saturday night. This will get around the hurdle to complete the US $ 900 billion stimulus package, according to several sources.

And in the final moments of Friday, according to CNBC, Democrats accused their Republican counterparts, particularly Sen. Pat Tommy, of trying to hinder the work of President-elect Joe Biden of trying to curb federal forces on loans through the CARES bill. Protect the economy.

Now Republicans agree with what Tommy has worded, and a disastrous stimulus package for families, workers and businesses can now be found, according to Senate Majority Leader Mitch McConnell.

The final touches are made to the compromise formula and the outstanding issues discussed overnight, according to both sides.

A spokesperson for Tommy called the deal “unprecedented for its success with taxpayers.”

The Republicans had met all four of their federal loan programs under the CARES umbrella.

“This deal wipes out more than $ 429 billion unused in Federal Reserve reserves under the CARES Act, which ends concessional lending programs in light of the CARES Act by December 31, 2020, prevents all facilities to restart and prohibits any recurrence without congressional approval. On the independence of the federation, and prevent Democrats from stealing these programs for political and social purposes. According to Kelly.

As part of this, each unemployed person receives $ 300 per week in direct payments, as well as funding programs for small businesses and the distribution of the Corona vaccine.

The House of Representatives votes on the Sunday formula at 9:00 p.m. KSA (1:00 p.m. EST).