In a heated debate between the GOP and the Democrats, the $2-trillion economic relief package is set to assist the US economy to overcome the expected aftermath of the COVID-19 pandemic.
The US Senate voted to pass the historic massive $2-trillion economic aid bill to combat the COVID-19.
The bill was passed in the Senate with a final vote of 96-0 with 4 Senators being absent and now it is being sent to the House of Representatives for further proceedings.
According to details, The bill will give $1,200 to most American adults and $500 for most children, create a $500-billion lending program for businesses, cities and states, and provide for a $367-billion employee retention fund for small businesses. $130 billion would be given to hospitals and provide 4 months of unemployment insurance amid the COVID-19 pandemic.
There are nearly 70,000 confirmed COVID-19 cases in the US amid more than 400,000 globally, according to the World Health Organization data.
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31 March, 2020