Senators, White House reach $2 trillion coronavirus rescue deal

Senators and the White House reached an agreement early Wednesday on a $2 trillion package to rush government aid to families and businesses to help them get through the coronavirus crisis.

“We have a deal,” said Eric Ueland, the White House legislative affairs director.

The deal includes $1,200 checks for many individuals and new jobless benefits, as well as money for states and businesses facing huge costs and plummeting income due to restrictions on public activity imposed to slow the spread of the pandemic.

The legislation was delayed as Democrats pressed Republicans for stronger worker protections and greater oversight of a $500 billion bailout fund for businesses.

Congress is expected to pass the legislation within days.

Let’s see….

Source: The New York Times

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