What's in the $2 trillion stimulus package - CNNPolitics
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CNN reporters are reading through the draft legislation. Here's a running list of highlights:
Direct payments to individuals
Under the plan as it was being negotiated, single Americans would receive $1,200, married couples would get $2,400 and parents would see $500 for each child under age 17.
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Student loan payments suspended
The Department of Education would suspend payments on student loan borrowers without penalty through September 30, according to the bill.
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REAL ID deadline delayed
The deadline to obtain a
REAL ID, federally mandated identification that will be needed for passengers to board aircraft, will be extended until at least September 2021 -- a year past the current deadline, according to a draft version of the Senate stimulus bill obtained by CNN.
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Historic boost for unemployment benefits
In an unprecedented expansion of unemployment insurance, the federal government would
give jobless workers an extra $600 a week for four months on top of their state benefits, which range from $200 to $550 a week, on average, depending on the state.
In addition, lawmakers want to add up to 13 weeks of extended benefits, which would be fully covered by the federal government. Currently, state unemployment checks last up to between 12 weeks and 28 weeks, depending on the state.
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$500 billion lending program
The Treasury Department can provide $500 billion in loans, loan guarantees and investments.
That specifically includes $25 billion for passenger air carriers, $4 billion for cargo air carriers and $17 billion for businesses that work in national security. The rest of the funds, $454 billion, are given wide latitude to provide loans to businesses, states and municipalities.
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