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Stimulus update: What the latest $748 billion plan could mean for second checks, unemployment

If you’re feeling a bit of déjà vu over Washington’s latest efforts to pass another stimulus package for coronavirus relief, just know that it’s not you—it’s them.

This time last week, lawmakers on Capitol Hill were racing to agree on a stimulus plan and running up against a spending deadline that would force a government shutdown on Friday. After passing an extension to keep the lights on for one week, Congress is once again in the same position, scrambling on a last-ditch effort to pass something—anything—before the holidays. Here’s the latest update:

WHAT’S THE NEWEST NEW PLAN?

A bipartisan group of centrist senators has unveiled two new plans: a $748 billion package and a $160 billion package. This plan essentially splits up a larger $908 billion package the senators proposed earlier this month. In terms of aid for Americans, the plan would include the following:

  • $300 in weekly federal unemployment benefits
  • An extension of Pandemic Emergency Unemployment Compensation
  • An extension of Pandemic Unemployment Assistance

Under the current proposal, these programs would continue for 16 weeks.

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