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“Short-term nature” of $900 billion relief plan “underscores need” for more stimulus from the new Congress, says David Kelly of JPMorgan. (Photo: Shutterstock)

Several solutions backed by insurance industry leaders were included in the $2.3 trillion government funding and coronavirus relief package approved by the U.S. Congress on Dec. 21, 2020.

Although it was what financial markets had been waiting for, and the catalyst for the recent rally in U.S. stocks, by the time news broke that the U.S. House and the U.S. Senate had finally reached an agreement on a second economic relief package, many small businesses were on the chopping block, and stock and bond prices were falling.

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