A credible proposal for another stimulus measure hit Capitol Hill on Tuesday. There is no guarantee that it will pass and be signed into law and it is light on details but it is the first serious attempt to jumpstart bipartisan talks for further coronavirus relief.
A bipartisan group of senators proposed the measure. Worth about $908 billion, the bill seeks to take the middle road between competing proposals that have been introduced in the House of Representatives and the Senate.
According to the Washington Post, it will provide $300 a week in federal unemployment benefits for four months. It will also devote $160 billion in funding for state and local governments. Funding will also be made available for small businesses, schools, health care, transit authorities and student loans.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
