Here's A Breakdown Of Everything Inside The $900BN Stimulus Bill, And What It Means For The US Economy

Within hours, Congress is set to vote on a $900 billion Covid-19 aid bill that includes assistance for households and businesses, as well as funding for vaccine distribution and more.

Rental Assistance: The bill provides $25 billion of assistance to tenants in arrears on their rent.

Health Care: The bill includes $9 billion for health-care providers and $4.5 billion for mental health, as well as more than $1 billion for the National Institutes of Health to conduct Covid-19 research.

Schools: The bill provides $82 billion for public and private K-12 schools, as well as colleges.

Banks: The bill would provide $12 billion in support to small lenders focused on low-income and minority communities, buttressing minority-owned banks and firms known as community financial development institutions.

U.S. Postal Service: The bill loosens some of the strings imposed on the U.S. Postal Service from the Cares Act, which provided a $10 billion Treasury loan after terms were negotiated.

The bill would still provide $10 billion to the financially strained institution, but the Postal Service wouldn't be required to repay it, and the conditions imposed by the Treasury wouldn't apply.

https://www.zerohedge.com/economics/heres-breakdown-everything-inside-900bn-stimulus-bill-and-what-it-means-us-economy