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U.S. Economy to Get Aid Boost That’s Late and ‘a Little Lame’

  • Fiscal rescue package expected to boost GDP growth next year
  • Vaccine effectiveness will be ultimate driver of recovery
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Congress to Vote on $900 Billion Stimulus Aid Bill Today
Updated on

The $900 billion stimulus package agreed to by U.S. lawmakers over the weekend could keep the economy from contracting again, but pandemic-related risks remain if activity doesn’t start to bounce back next year.

The fiscal relief package includes $600 one-time checks to individuals, more funding for the Paycheck Protection Program and an extension of unemployment benefits through March, with each week supplemented by a $300 payment. Those measures -- which Congress may approve Monday -- could help prop up a U.S. economy that’s been deteriorating in recent weeks.