December 1, 2020 at 8:56 AM EST
Bipartisan group of senators prepares $908 billion stimulus plan, aiming to break partisan logjam
By Seung Min Kim and Jeff Stein
A bipartisan group of senators is expected to unveil an approximately $908 billion stimulus proposal on Tuesday, aiming to break a months-long partisan impasse over providing emergency federal relief to the U.S. economy, according to four people aware of internal negotiations.
Congress has faced increasing pressure to approve additional economic relief since talks between the White House and House Democrats collapsed, first over the summer and then again in the fall ahead of the Nov. 3 election.
Failure to reach an agreement could have serious consequences for the economy and millions of Americans. A number of critical relief programs are set to expire at the end of the year; 12 million Americans are on pace to lose their jobless benefits, and protections for renters and student borrowers are also set to expire.