Overnight the Senate passed the largest pieces of rescue packages in U.S. history to help ease the economic pressure brought on by the COVID-19 pandemic that has lead to over 1,000 in the U.S. and 21,000 globally.
What’s in The Deal: The roughly $2 trillion COVID-19 relief package includes thousands of dollars in direct payments to most Americans — millions of whom face unemployment related to the spread of COVID-19 — as well as a $500 billion loan fund for large corporations and a $367 billion loan program for small businesses.
The deal injects $100 billion into hospitals and the nation’s health system, as America’s hospitals, doctors and nurses say there will not be enough medical supplies to treat patients with the virus unless President Trump invokes the Defense Production Act.
Americans will get a one-time direct deposit of up to $1,200 through the package, and married couples will get $2,400, plus an additional $500 per child.
President Trump stated that he would sign the package “immediately”.
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