Congress Clears $1.9 Trillion Package Aiming To Boost Pandemic Economy
President Joe Biden signed the bill Thursday afternoon while federal agencies prepare to implement its broad measures, including $1,400 relief checks for Americans who qualify.
The Washington Post:
Congress Adopts $1.9 Trillion Stimulus, Securing First Major Win For Biden
Congress approved a sweeping $1.9 trillion coronavirus relief package on Wednesday, authorizing a flurry of new federal spending and a temporary yet dramatic increase in anti-poverty programs to help millions of families still struggling amid the pandemic. The 220-to-211 vote in the House of Representatives almost entirely along party lines sends to President Biden’s desk one of the largest economic rescue packages in U.S. history, which Democrats had promised to pass as one of their first acts of governance after securing narrow but potent majorities in Washington during the 2020 presidential election. (Romm, 3/10)
Health Insurance Costs To Drop For Millions Under Covid Relief Bill
Private health insurance through the nation’s public exchanges is set to become more affordable — at least for a couple of years. The $1.9 trillion Covid relief package, which received final congressional approval Wednesday and will soon head to President Joe Biden for his signature, includes provisions that will reduce the cost of health insurance amid the ongoing pandemic and elevated unemployment. (O'Brien, 3/10)
House Approves $1.9 Trillion COVID Relief Package, Sending Bill To Biden
Just 49 days into his presidency, Mr. Biden has secured what could prove to be the defining domestic policy accomplishment of his presidency, injecting hundreds of billions of dollars into the economy and bolstering his administration's efforts to accelerate vaccinations, reopen schools and get jobless Americans back to work. The president, Vice President Kamala Harris and first lady Dr. Jill Biden plan to travel to promote the package once it clears Congress and is signed into law Friday, White House press secretary Jen Psaki said. (Segers and Quinn, 3/10)
House Passes COVID-19 Relief Package With Premium Assistance, Rural Health Funding
Under the bill, people with incomes over 400% of the federal poverty line qualifying for premium assistance for the first time. Low-income Americans will also receive more generous subsidies. Both provisions, which are supported by hospitals and insurers, will be in effect for 2021 and 2022 but Democrats have signaled they would like to make the changes permanent. The Congressional Budget Office estimated the ACA provisions could extend coverage to 2.5 million uninsured consumers at a cost of $34 billion, undoubtedly a win for insurers looking to entice younger, healthier customers and hospitals facing increasing amounts of uncompensated care. (Hellmann, 3/10)
House Sends Massive Coronavirus Relief Bill To Biden
Treasury Secretary Janet Yellen has said robust financial aid is needed because of what she calls a “K-shaped” economic recovery in which the wealthy get richer and the poor fall further behind. The legislation marks the sixth aid package Congress has passed since last March. But it’s the first to pass without bipartisan support. (Shutt, 3/10)
Democrats and Republicans share their reactions —
Zero Republicans Voted For The COVID Relief Bill. Will That Haunt Them In The Midterms?
Democrats hope the $1.9 trillion COVID relief bill that received final approval on Wednesday won’t just boost the economy and help Americans cope with the pandemic, but also will serve as the key to defending their congressional majorities in next year’s midterm elections. That’s because not a single Republican voted for the legislation, which includes $1,400 stimulus checks for most households along with aid for businesses and local governments, despite the bill’s overwhelming popularity with the public. (Goodwin, 3/10)
The New York Times:
Congress Clears $1.9 Trillion Aid Bill, Sending It To Biden
“This is the most consequential legislation that many of us will ever be a party to,” Speaker Nancy Pelosi of California said at a news conference after the bill’s passage. “On this day, we celebrate because we are honoring a promise made by our president, and we join with him in promising that help is on the way.” Earlier, she had dismissed the lack of Republican support and said opponents would not hesitate to claim credit for the popular elements of the plan, saying, “It’s typical that they vote no and take the dough.” (Cochrane, 3/10)
The New York Times:
A G.O.P. Senator Tweets Approvingly About Part Of The Stimulus Bill, Without Mentioning One Detail: His ‘No’ Vote.
Senator Roger Wicker, Republican of Mississippi, tweeted approvingly just hours after the bill passed about the $28.6 billion included for “targeted relief” for restaurants. His post did not mention that he had voted no. (Cochrane and Kaplan, 3/10)