Pelosi sees 'real optimism' on $2 trillion U.S. coronavirus aid bill deal

Credit: Reuters- Published on March 24, 2020
Democrats and Republicans said on Tuesday they were close to reaching a deal on a $2 trillion coronavirus economic stimulus package, raising hopes that the U.S. Congress could soon act to try to limit the economic fallout from the pandemic.

Video credit: Wibbitz Studio
Published on March 25, 2020 -  01:29
Deal Is Struck on $2 Trillion Coronavirus Stimulus Bill
Deal Is Struck on $2 Trillion Coronavirus Stimulus Bill Members of both sides of the aisle of the U.S. Senate announced a deal with the White House in the early morning hours on Wednesday. Mitch McConnell, Senator, via 'USA Today' Chuck Schumer, Senator, via 'USA Today' Key features of what is being described as a "war-time level of investment" of the bill include: one-time payments of $1,200 for every adult and $500 for every child, $367 billion to assist small businesses, $500 billion towards loans to assist major industries, $100 billion geared towards the healthcare system, including hospitals, an additional $50 billion geared towards medical and testing equipment, hospital construction, coronavirus research and training, and an additional $600 a week in unemployment benefits for those who have lost jobs. Senate Majority Leader Mitch McConnell stated "we're going to pass this legislation later today." The Senate is scheduled to convene at 12 p.m. E.S.T.

You are here

Related videos from verified sources

7 Industries the Coronavirus Has Made Unstable 01:29
Credit: GOBankingRates - Published on March 31, 2020 

U.S. Cash Surge on Coronavirus Fears is Biggest Since Y2K Panic 02:34
Credit: Cheddar Inc. - Published on March 30, 2020 

You might like