US Senate passes historic $2-Trillion coronavirus aid package

  26 March 2020    Read: 580
  US Senate passes historic $2-Trillion coronavirus aid package

Hotly-debated between the GOP and the Democrats, the $2-trillion economic relief package is designed to help the US economy to overcome the expected aftermath of the COVID-19 pandemic.

The US Senate voted to pass the historic $2-trillion economic stimulus bill late Wednesday evening.

The vote is currently 91-0 and ongoing.
Prior to the vote, Senator McConnell said that the Senate would go into recess until 20 April. Earlier on Wednesday, Trump said he would sign the bill 'immediately' after he receives it.

The bill would give $1,200 to most American adults and $500 for most children, create a $500-billion lending program for businesses, cities and states, and provide for a $367-billion employee retention fund for small businesses. $130 billion would be given to hospitals and provide four months of unemployment insurance amid the COVID-19 pandemic.

There are over 68,000 confirmed COVID-19 cases in the US amid more than 470,000 globally, according to the most recent data.

More about: #USSenate