Bipartisan group of senators prepares $908 billion stimulus plan, aiming to break partisan logjam

The plan set to be released by the bipartisan group seeks to reach a middle ground on numerous contentious economic issues. It would provide $300 a week in federal unemployment benefits — a lower amount than the $600 per week sought by Democrats, while still offering substantial relief to tens of millions of jobless Americans — for four more months. The agreement includes $240 billion in funding for state and local governments, a key Democratic priority opposed by most Republicans, as well as a six-month moratorium on some coronavirus-related lawsuits against firms and other entities — a key Republican priority opposed by most Democrats.

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The bipartisan agreement includes about $300 billion in funding for small businesses through the Paycheck Protection Program, aides said. It also includes $40 billion to assist hard-hit transit agencies and rental assistance funding for those facing eviction, as well as about $50 billion in health care, including to help with vaccine distribution and testing and tracing of the coronavirus. The effort was expected to leave out a second round of $1,200 stimulus payments, as a way to bring down its overall price tag, even though that measure is supported by both Trump and Pelosi.