WASHINGTON — After months of stalemate, congressional leaders were on the verge on Wednesday of cementing a roughly $900 billion stimulus deal to deliver emergency aid to individuals and companies devastated by the toll of the worsening pandemic, racing to finish the details and stave off a government shutdown on Friday.
The measure, which has been under discussion for months as the coronavirus has ravaged the economy, is expected provide a new round of direct payments to millions of Americans as well as additional unemployment benefits, food assistance and rental aid. It would prop up sputtering businesses with federally backed loans and provide funding for schools, hospitals and the distribution of a just-approved vaccine.
While the agreement was not yet final, Republicans and Democrats alike signaled that they were ready to coalesce around the main elements, marking an extraordinary shift from just weeks ago. Republicans, for their part, were wary of any new federal spending and insisted on a much narrower plan that would extend sweeping coronavirus liability protections. They appeared to have put that demand aside in recent days in exchange for Democrats backing off their insistence on a large new infusion of state and local assistance.
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