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Covid Live Updates: WHO Says Covid Mutates Slower Than Seasonal Flu; Biden Takes Covid Vaccine Live on TV


Also over the weekend, several countries announced plans to shut their borders to Britain as news of a highly contagious new variant of the coronavirus led the British government to backtrack on plans to let families mix over Christmas. The U.K. is locking down London and other areas in southern England where infections by the Covid mutation are heavily concentrated.
The U.S. is recording at least 215,700 new Covid-19 cases and at least 2,600 virus-related deaths each day, based on a seven-day average calculated by CNBC using Johns Hopkins University data.
The following data was compiled by Johns Hopkins University: ....

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Congress Agrees on New COVID-19 Stimulus Package: Here's How Much Money to Expect


We ve heard this potential news on a new stimulus bill for months but now it looks like it s coming very soon for most Americans.
According to WIVB, Senate Majority Leader Mitch McConnell announced on Sunday that Congress agreed on a new COVID-19 stimulus bill.
McConnell kept up with updates as the negotiations went around the clock to work out a deal, as did Senate Minority Leader Chuck Schumer.
“Barring a major mishap, the Senate and House will be able to vote on final legislation as early as tonight,” said Senate Minority Leader Chuck Schumer, D-N.Y.
This new relief bill would give most Americans $600, which is half of what the CARES Act gave out back in late March. It would be the same, however, as the CARES Act, in which an individual s payout phases out after $75,000 a year earned. ....

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Covid Relief Bill Adds PPP Tax Breaks the Treasury Opposed


There are also a series of provisions aimed at ailing small businesses.
In particular, Democrats said they would earmark $284 billion for forgivable loans through the Paycheck Protection Program, according to a joint statement from House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer.
Lawmakers also said that they would expand PPP eligibility to include nonprofits and local newspapers, TV and radio broadcasters.
The PPP was originally established in the CARES Act this spring. In all, about 5 million firms received some $525 billion in loans through the program.
Generally, borrowers are eligible for PPP loan forgiveness if they apply at least 60% of the proceeds to payroll. Partial loan forgiveness may be available to those who don t meet this threshold. ....

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Congress dashes toward final approval of $900 billion stimulus


Congress strikes stimulus deal after days of frantic talks
POLITICO
12/20/2020
© Nicholas Kamm/Getty Images
201220 ThuneMcConnell Getty 700
Congressional leaders on Sunday clinched a Covid stimulus deal after days of hard-fought negotiations but Americans will have to wait at least a little longer to get much needed relief.
Senate Majority Leader Mitch McConnell announced Sunday evening that negotiators had finalized a $900 billion coronavirus aid package, after breaking a multi-day stalemate over the Federal Reserve’s lending powers.
“At long last, we have the bipartisan breakthrough the country has needed,” McConnell said on the Senate floor. “I hope we can do this as promptly as possible. ....

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