U.S. President Donald Trump on Friday signed a 2-trillion-dollar stimulus package amid mounting COVID-19 fallout, a few hours after the House of Representatives approved the bipartisan bill.
Earlier in the day, the lower chamber passed the package by voice vote, which is the fastest way to vote. The Senate approved the bill on Wednesday night, following rounds of strenuous negotiations between Democrats and Republicans.
“The legislation developed in the Senate is the first step to restoring confidence and stability to America’s economy,” Trump said.
“It will get emergency cash to families and small businesses and surge resources to doctors, nurses, hospitals, and the race for new treatments and vaccines,” said Senate Majority Leader Mitch McConnell, a Kentucky Republican.
The bill, aimed at cushioning the economy from COVID-19 ravages, will provide small businesses emergency loans, business tax breaks, expanded unemployment benefits, 1,000-dollar-plus direct payments for working Americans, government aid for industries such as airlines and hotels, as well as more support for hospitals and state and local governments. Enditem