Congress approves $2.2 trillion stimulus

Congress approved a $2.2 trillion rescue package Friday to help buffer the fallout of the ongoing coronavirus pandemic. Included in the package will be $1,200 payments to adults earning less than $75,000 a year.

By

National News

March 27, 2020 - 3:36 PM

U.S. Speaker of the House Nancy Pelosi (D-CA) arrives at the U.S. Capitol Friday, before voting on the stimulus bill intended to combat the economic effects caused by the coronavirus pandemic. Photo by Win McNamee - Getty Images - TNS

WASHINGTON (AP) — Acting swiftly in an extraordinary time, the House rushed President Donald Trump a $2.2 trillion rescue package Friday, tossing a life preserver to a U.S. economy and health care system left flailing by the coronavirus pandemic.

The House approved the sweeping measure by a voice vote, as strong majorities of both parties lined up behind the most colossal economic relief bill in the nation’s history. It will ship payments of up to $1,200 to millions of Americans, bolster unemployment benefits, offer loans, grants and tax breaks to businesses large and small and flush billions more to states, local governments and the nation’s all but overwhelmed health care system.

Trump signed the measure later that day.

Related
May 13, 2020
March 26, 2020
March 25, 2020
March 24, 2020