Senate passes historic $2 trillion coronavirus relief package
Measure moves to House for final approval as President Trump promises to sign.
March 26, 2020 - 12:09am
The Senate late Wednesday approved an historic coronavirus relief package delivering more than $2 trillion in assistance ranging from checks to every day Americans to lifeline loans to distressed businesses as the pandemic’s toll surpassed 1,000 U.S. deaths.
The unanimous approval sent the legislation to the House, where a final vote is expected on Friday. President Trump has already pledged to sign the measure into law, creating the largest American stimulus plan in modern history.
The vote occurred after days of around the clock negotiations between Democrats, Republicans and Treasury Secretary Steve Mnuchin.
Its signature relief included checks of $1200 each to millions of Americans as well as $300 billion in assistance for small businesses and $500 billion to aid companies distressed by the significant shutdown of America.
There is also $100 billion in assistance to hospitals hard pressed on the front lines of treating Coronavirus victims.
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