COVID Relief Talks Drag On As Government Shutdown Looms In Washington

The video discusses a $900 billion proposal aimed at providing economic relief, including aid to small businesses, $300 weekly checks for the unemployed, and $600 stimulus payments for Americans under a certain income level. It highlights the political divide, with Democrats seeking more state funding and Republicans opposing new Federal Reserve loan programs. Additionally, it addresses the looming threat of a government shutdown if a spending measure is not approved by midnight.

What is the Republican stance regarding new loan programs?

What event are lawmakers trying to avoid according to the text?