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Congress passes massive coronavirus relief and government spending package

The House and Senate passed a $900 billion coronavirus relief bill and a $1.4 trillion government funding measure Monday night after months of gridlock on Capitol Hill.

Why it matters: The bill’s passage comes before many of the existing coronavirus relief measures were set to expire on January 1. It also staves off a government shutdown.

The big picture: While the plan is roughly half the size of the $2.2 trillion CARES Act Congress passed in March, it is still one of the most expensive rescue packages in modern history. Continue reading.

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