The House of Representatives has passed a $2 trillion relief package which will now be sent to President Trump to be signed into law.
According to CNBC:
The House passed a $2 trillion coronavirus relief bill on Friday, sending the unprecedented measure to President Donald Trump’s desk after a scramble to block efforts to delay its passage.
The plan, which includes one-time payments to individuals, strengthened unemployment insurance, additional health-care funding and loans and grants to businesses to deter layoffs, got through the Senate unanimously on Wednesday night. On Thursday, House Speaker Nancy Pelosi described the bill “as mitigation” of the disease’s destruction, predicting there would be more plans to aid “recovery.”
Trump has promised to sign the legislation “immediately.” While it is unclear how quickly the government will dole out some of the money such as small business loans, the White House and congressional leaders have said some individuals will see direct payments of up to $1,200 within three weeks.
The push to pass the proposal comes a day after data showed unemployment claims skyrocketed to a record 3.3 million last week after businesses across the country closed to slow the pandemic’s spread. Hospitals, particularly in ravaged New York, have asked for more resources as they struggle to keep up with a rush of coronavirus patients.
Part of the package will see money sent directly to many Americans in an attempt to stem the damage done by self-quarantine and social distancing.
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