White House and Senate strike deal on $2 trillion stimulus package
Thursday, March 26, 2020
WASHINGTON -- The White House and Senate leaders of both U.S. political parties have struck an agreement on a sweeping $2 trillion measure to aid workers, businesses and a health care system strained by the rapidly spreading coronavirus outbreak.
Top White House aide Eric Ueland announced the agreement in a Capitol hallway shortly after midnight. The agreement comes after days of often intense haggling and mounting pressure and still needs to be finalized in detailed legislative language.
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.