Senate Reaches Deal For $2 Trillion Coronavirus Relief Package For Workers And Businesses

It took a couple of days longer that people hoped it would, but the Senate has finally reached an agreement on a relief package for Americans who are hurting due to the Coronavirus crisis.

This is excellent news. Many people in America need help right now.

FOX News reports:

White House, Senate reach late-night deal on massive $2T coronavirus stimulus package

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The White House and Senate leaders reached a breakthrough deal shortly after midnight Wednesday on a massive and historic $2 trillion coronavirus relief package for workers and businesses, capping days of heated negotiations that had nearly been derailed by last-minute demands from House Democrats.

“Ladies and gentleman, we are done,” White House legislative affairs director Eric Ueland announced as he left the office of Senate Majority Leader Mitch McConnell, R-Ky., near midnight. “We have a deal.”

Ueland told reporters that “much of the work on bill text has been completed, and I’m hopeful over the next few hours we’ll finish what’s left and we will circulate it early in the morning.”

Senate Minority Leader Chuck Schumer, D-N.Y., said the bill amounts to “unemployment compensation on steroids,” and that every American who is laid off will have their missed salary remunerated. That provision will enable companies to stay afloat and immediately bring back those employees when things are safe‬, Schumer said.

The unprecedented economic rescue package would give direct payments to most Americans, expand unemployment benefits and provide a $367 billion program for small businesses to keep making payroll while workers are forced to stay home.

Here are more details:

Now the only question remaining is how quickly this aid can get into the hands of those who need it.

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