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Economy

Here’s what’s in the $900 billion stimulus package

Jobless benefits, aid to small businesses, stimulus checks and money for vaccine distribution are in. Aid for local governments and corporate liability shields are out.

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December 27, 2020 at 7:58 p.m. EST
Senate leaders on both sides of the aisle each blamed the other for the long stint between the last coronavirus relief package and the deal reached Dec. 20. (Video: U.S. Senate)

President Trump on Sunday night signed a $900 billion stimulus bill into law, avoiding a government shutdown after he demanded changes to the sprawling package and held up the legislation’s enactment.

The package will extend aid to millions of struggling households through stimulus checks, enhanced federal unemployment benefits, and money for small businesses, schools and child care, as well as for vaccine distribution. It also repurposes $429 billion in unused funding provided by the Cares Act for emergency lending programs run by the Federal Reserve.