The hill leaders who reached an agreement on the long-awaited Kovid relief plan

Nothing has been finalized yet and little is known about what was agreed upon, but all the codes indicate the declaration of an agreement, which includes terms with extensive bilateral support, including extension of unemployment benefits, loans for hard-hit small businesses and money for vaccine distribution. There may be members of the legislature Also extend the temporary ban on federal removal And deferring student loan payments.

Although Hill leaders have not confirmed what they have agreed to, it is likely that both sides will make some significant concessions. Money to states and cities – Priority Democrats are pushing – and The shield of responsibility GOP wants.

McCarthy similarly assessed the confidence, saying, “I think it’s going well.”

“It’s getting closer,” Schumer said when asked by CNN with an expectation from top Republicans that a deal was on hand.

“We are exchanging paper back and forth and hopefully we can come to an agreement soon,” Schumer said. “I think there is a real desire for any agreement to be reached by all four parties.”

Hill leaders held talks after the official unveiling of the legislative text earlier this week on a potential Kovid stimulus plan proposed by the bilateral coalition aimed at finding a common ground in the deeply divided Congress.

Instead of putting together a single legislative package, the bilateral coalition split their proposal into two bills, one dealing with the tedious issues of state and local aid and responsible defenses, the other focusing on terms that were expected to win broader bilateral support.

The consensus bill proposed by the Bilateral Coalition would serve as a ready-made starting point for those who put that issue aside and more widely agree on responsible protections on Kovid mitigation.