Coronavirus crisis: $2 trillion rescue package passes US Senate, heads to House

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Published: March 27, 2020 8:56:12 AM

The monster deal thrashed out between Republicans, Democrats and the White House includes cash payments to American taxpayers and several hundred billion dollars in grants and loans to small businesses and core industries.

Coronavirus crisis, US Senate, US rescue package for coronavirus, coronavirus deaths in US, republicans democrats, white house, latest new on coronavirusThe measure cleared the Senate by an overwhelming majority and was headed next to the House of Representatives, which must also pass it before it goes to President Donald Trump for his signature. (Reuters photo)

The US Senate passed the nation’s largest-ever rescue package late Wednesday, a USD 2 trillion lifeline to suffering Americans, depleted hospitals and an economy all ravaged by a rapidly spreading coronavirus crisis.

The monster deal thrashed out between Republicans, Democrats and the White House includes cash payments to American taxpayers and several hundred billion dollars in grants and loans to small businesses and core industries. It also buttresses hospitals desperately in need of medical equipment and expands unemployment benefits.

The measure cleared the Senate by an overwhelming majority and was headed next to the House of Representatives, which must also pass it before it goes to President Donald Trump for his signature.

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