What you need to know about stimulus checks and what’s in the COVID aid package

By Robert Schroeder

U.S. lawmakers late Monday approved billions of dollars in new stimulus spending aimed at individuals and businesses struggling through the coronavirus pandemic, in a package whose highlights include direct checks to Americans and a second round of what’s known as the Paycheck Protection Program.

As MarketWatch has reported, the roughly $900 billion in stimulus spending was part of a larger bill of about $2.4 trillion, that includes government funding through September 2021.

Here are some highlights of what Congress has approved, with links to MarketWatch’s reporting.

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The new stimulus bill helps low-income families avoid a ‘double whammy’ of lower wages and lost tax credits

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