Standard & Poors said in a report Tuesday that the economy would be 1.5 percentage points smaller in 2021 without more aid. While vaccines are on the way, most people wont get them for months. It also includes $600 direct payments to individuals; vaccine distribution funds and money for renters, schools, the Postal Service and people needing food aid. Many forecast the economy could shrink in the first three months of 2021 without more help. The emerging agreement would deliver more than $300 billion in aid to businesses and provide the jobless a $300-per-week bonus federal unemployment benefit and renewal of state benefits that would otherwise expire right after Christmas.
John Cornyn, r-Texas, and an adviser to members of the federal aid money.
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John Cornyn , r - Texas , and an adviser to members of the federal aid money .
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