One thing you won’t find in the new stimulus

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Stock futures gained slightly this morning after Congress passed a $900 billion virus relief package and a $1.4 trillion spending deal that will keep the government open. The next stop is President Donald Trump’s desk.

The fiscal stimulus contains within it provisions for small businesses, virus testing and distribution, unemployment insurance, and direct payments, among other things.

Meanwhile, the U.S. will study why some are having severe reactions to the Pfizer vaccine. This news comes as the pandemic has taken 1.7 million lives worldwide,  and 320,000 in the U.S., where there are more recorded cases than anywhere else in the world.

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One thing you won't find in the new stimulus

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Although the new stimulus bill contains within it direct payments, additional unemployment insurance, and more aid for small businesses, one issue it doesn’t address is student loan payments.

Lawmakers had initially considered extending the pause on payments and interest through April, however, that didn’t make it into the final bill that is now on its way to the president’s desk.

Borrowers who have been enjoying the break will be expected to begin making payments again as of next month unless something changes. For instance, Joe Biden could sign an executive order that pushes back that date, and he has also spoken about forgiving some of those loans.

As of now, most people with student debt pay around $400 a month.

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Author: Fredrick Frost

Fedrick Frost is the Editor-in-Chief of Morning Bullets. He mainly writes about Politics, The Economy and breaking news. With over 35 years in jounralism he has been influential in helping the morning bullets newsletter readers be informed every morning.