The Senate and White House Have Agreed on a $2 Trillion COVID-19 Package

The Senate and White House Have Agreed on a $2 Trillion COVID-19 Package

Published March 25, 2020

Around midnight central time on March 25, 2020, the U.S. Senate and White House reached an agreement on a $2 trillion package to help businesses, individuals, and the healthcare system during the COVID-19 pandemic.

Officials said that the package will include remunerated salaries paid for by the federal government for every worker that was laid-off or furloughed. U.S. hospitals will get more than $130 billion, and state and local governments will receive $150 billion to help with expenses incurred due to the Coronavirus (COVID-19) outbreak. The package will also include strict oversight and transparency of all loans to large corporations.

No details were available on the exact amounts individuals will receive in this package at the time this was published, but prior information suggests that it will be between $600 and $1,250 per person.

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