Congress nears $2T virus rescue bill

Senate leaders announced an agreement today for a $2 trillion emergency bill in response to the COVID-19 pandemic, which threatens the U.S. and global economy. Senators and House members are set to vote on the legislation soon.

By

National News

March 25, 2020 - 10:27 AM

US Capitol building. Photo by Dreamstime/TNS

WASHINGTON (AP) — The White House and Senate leaders of both parties announced agreement early today on an unprecedented $2 trillion emergency bill to rush sweeping aid to businesses, workers and a health care system slammed by the coronavirus pandemic.

The urgently needed measure is the largest economic rescue bill in history. It is intended as a weekslong or monthslong patch for an economy spiraling into recession — or worse — and a nation facing a potentially ghastly toll.

“To the American people, we say, big help, quick help is on the way,” Senate Minority Leader Chuck Schumer, D-N.Y., said this morning on CNN.

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