Key provisions include:It's the second-largest federal stimulus package ever, behind only the $2 trillion CARES Act that Congress approved in March. She added that it would take roughly $3 trillion to "stop the economic bleeding ... and build a strong recovery." Investor insight: Stimulus news helped rescue stocks from the plunge seen in Europe on Monday, triggered by concerns about a new variant of Covid-19 in the United Kingdom. The United Kingdom left the European Union earlier this year but has continued to enjoy free trade with its top export market and supplier under transitional arrangements that expire on Dec. 31. Coming tomorrow: The most recent batch of personal income and spending data for Americans will show how pocketbooks fared before Congress approved another stimulus package.
Source: CNN December 22, 2020 12:33 UTC