A Look at Whatâs in the Stimulus Package Trump Signed
The $900 billion package provides more relief beyond the $600 checks that have become the focus in Washington.
President Trump finally signed a $900 billion stimulus bill that includes much more than just direct payments to households.Credit.Al Drago for The New York Times
Published Dec. 28, 2020Updated Dec. 29, 2020
WASHINGTON â The $900 billion stimulus bill that President Trump finally signed into law on Sunday evening goes well beyond providing the $600 checks that became a huge sticking point in getting the legislation across the finish line.
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The relief package casts a wide net with a variety of measures aimed at addressing the needs of millions of Americans, including those who have lost their jobs, as well as small businesses, nursing homes, colleges, universities and K-12 schools.
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Rental protections, nursing home funding, food stamps: Hereâs whatâs included in the stimulus bill.
A line for a food bank in Rochester, N.H., earlier this month. Credit.Tristan Spinski for The New York Times
Dec. 23, 2020
The $900 billion stimulus bill passed by Congress this week is meant to address the needs of millions of Americans who have weathered the effects of the coronavirus pandemic for months, even as many federal programs to provide aid ran thin or expired.
Individual payments
Among the most anticipated components of the legislation is the direct payment, with $600 going to individual adults with an adjusted gross income of up to $75,000 a year based on 2019 earnings. Heads of households who earn up to $112,500 and a couple (or someone whose spouse died in 2020) who make up to $150,000 a year would get twice that amount.
Ripple, a cryptocurrency company, expects to be sued by the S.E.C.
Dec. 22, 2020
Ripple, one of the most valuable companies in the cryptocurrency industry, said on Monday that it expected to be sued by the Securities and Exchange Commission for violating investor protection laws. The suit is expected to accuse the San Francisco-based company of selling unregistered securities when it sold the digital token XRP to investors around the world. Brad Garlinghouse, Ripple’s chief executive, said in an interview that the suit would be against the company along with Mr. Garlinghouse personally, and one of the company’s founders, Chris Larsen.
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