WASHINGTON (AP) — The $900 billion economic relief package that emerged from Congress over the weekend will deliver vital aid to millions of households and businesses that have been struggling for months to survive.
Yet with the economy still in the grip of a pandemic that has increasingly tightened curbs on business activity, more federal support will likely be needed soon.
And it’s unclear whether or when the government might provide it.
For now, the package that congressional leaders agreed to Sunday will provide urgently needed benefits to the unemployed, loans to help small businesses stay open and up to $600 in cash payments to most individuals.
It will also help families facing evictions remain in their homes.
The measure includes no budgetary help, though, for states and localities that are being forced to turn to layoffs and service cuts as their tax revenue dries up — a potential long-run drag on the economy.