Is COVID financial relief coming for millions who need it?

Leaders in Congress are making moves to end a months-long stalemate, but there are major sticking points.
2:29 | 12/05/20

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Transcript for Is COVID financial relief coming for millions who need it?
The rise in covid cases is doing more damage to an already ailing economy and now a new round of relief may be in sight. Leaders in congress are making moves to end a months' long stalemate but there are, we should say, major sticking points. So let's bring in Deidre Bolton right here in New York City with much more. Deidre, good morning to you. Reporter: Good morning, Dan. It is impossible to separate out the economy from the virus and as the virus spreads, lawmakers seem finally ready to act. This morning, millions of Americans in a vulnerable position. People that I know don't have foodhey don't have nothing in their homes. Nothing, absolutely nothing. Reporter: But for the first time in months it seems as if lawmakers are close to passing another round of support. Compromise is within reach. There is momentum. Reporter: There are four key points of bipartisan agreement. More small business funding, more unemployment aid, more money for schools, and more money for health care. One point of contention most Republicans are against another round of federal stimulus checks of up to $1,200 for Americans earning less than $75,000 a year. Most Democrats support that idea. President-Elect Joe Biden says he believes compromise is possible. We'll be in dire trouble if we don't get cooperation. I believe we will. Reporter: President trump insists the economy is strong, employers added fewer jobs than forecast in November and in a troubling sign 40% of unemployed Americans have been looking for work for six months or more. Statistically the longer someone is out of a job the harder it is to find one. To be sure for many Americans the clock is ticking. I just need help. I just want -- I just want help. Reporter: Ravi lost her job and is working two days a week, but that'sely enough for her and her daughter to pay for the hotel they're in. I only paid for another six days. Reporter: Millions are hoping congress will finally act. I'm deferring all my credit card payments and I'm one of millions of Americans now concerned with food security. It's getting harder and harder out here. Reporter: This kind of hardship is one of the reasons why Vermont senator Sanders says he cannot support this proposed relief package because it does not include direct payments. Eva? Deidre, thank you so much.

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