Student Loan Relief, Childcare Grants Included in GOP Stimulus

Watch: Senate Majority Leader Mitch McConnell presents the $1 trillion plan to bolster the pandemic-ravaged U.S. economy. (Source: Bloomberg)
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Americans burdened by student loans and childcare operators struggling to stay open amid the pandemic would get some relief under the Senate Republican virus relief package.

People with outstanding student loans will not have to make payments while they are out of work, Tennessee Senator Lamar Alexander said Monday as he introduced the plan. When they return to work, their payments will be capped at 10% of their income after living expenses, such as housing and food, are deducted, he said.