The Senate overwhelmingly passed a massive stimulus package last night meant to lessen the economic blow of the coronavirus pandemic for American workers and businesses.
The amendment, proposed by Sen. Ben Sasse, R-Neb., intended to fix the “Drafting Error” in the bill, did not reach the 60 vote threshold. It failed 48-48, mainly along party lines.
On Friday, Mar 27, 2020, President Trump signed H.R. 748, the CARES Act.
McConnell, Schumer Announce Deal Reached In Coronavirus Relief Bill
Published by NBC News on Mar 25, 2020
President Donald Trump has said that he will sign the legislation, which provides:
- $1,200 in direct cash payments for most Americans.
- Expanded unemployment benefits (including those to freelancers and independent contractors.)
- $350 billion in funds for government-backed loans for small businesses.
- $500 billion for distressed industries.
The bill (the largest economic relief bill in U.S. history.) will now move to the House for a voice vote.
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