Politics

Massive Coronavirus Stimulus Bill Poised for Finalization

A bipartisan bill aimed at boosting the economy and putting money in the pockets of families and individuals still needs finalization before being signed into effect by President Trump.

The massive $2 trillion coronavirus stimulus bill which is expected to provide direct payments of up to $3,000 to millions of U.S. families, was agreed upon in the early hours of Wednesday, allowing lawmakers to finally pack up and head home after five days of grueling talks.

“At last we have a deal,” Senate Majority Leader Mitch McConnell (R-Ky.) said just after 1:30 a.m. ET from the Senate floor. “In effect, this is a war-time level of investment into our nation.”

The legislation will also include $350 billion for small-business loans and $250 billion for expanded unemployment assistance.

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