The Senate plans to vote today on a $2 trillion stimulus package that is designed to flood the U.S. economy with money.
The chamber reconvenes at midday and a vote could come shortly after that. Here's a look at what's in the bill: wapo.st/2JfulaQ
The chamber reconvenes at midday and a vote could come shortly after that. Here's a look at what's in the bill: wapo.st/2JfulaQ
The legislation would send $1,200 checks to many Americans, create a $367 billion loan program for small businesses and establish a $500 billion lending fund for industries, cities and states. wapo.st/2JfulaQ
The legislation ensures that these taxpayer-backed loans cannot go to firms owned by President Trump, other White House officials, or members of Congress. wapo.st/2JfulaQ
Other provisions include $150 billion for state and local stimulus funds and $130 billion for hospitals. The bill would boost unemployment insurance benefits, expanding eligibility and offering workers an additional $600 a week for four months. wapo.st/2JfulaQ
Final issues included a push by Democrats for a dramatic increase in food stamp benefits in exchange for accepting billions more in funding for the administration’s farm bailout that Republicans have included in the stimulus bill. wapo.st/2JfulaQ
After Senate passage, the next step is less clear. The House is out of session, so action could take longer, depending on whether lawmakers can agree to pass the bill by “unanimous consent,” which would require agreement from all members of the chamber. wapo.st/2JfulaQ
