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.

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