D.C. Nears an Almost $1 Trillion Fifth Phase COVID-19 Relief Compromise
This morning, the Congressional leadership is on the verge of finding middle ground on a fifth phase COVID-19 relief package totaling almost one trillion dollars.
The compromise will not include aid for state and local governments.
Targeted relief for education, transportation, health care, and housing is expected to be included.
Key takeaway: the prospective agreement should be considered a gain for some sectors in public finance even without state and local government aid.