The unprecedented economic rescue package would give direct payments to most Americans, expand unemployment benefits and provide a $367 billion program for small businesses to keep making payroll while workers are forced to stay home
The White House and Senate leaders of both parties have struck an agreement on a sweeping $2 trillion measure to aid workers, businesses and a health care system strained by the rapidly spreading coronavirus outbreak.
After days of pressure, unusual partisanship in a crisis, and intense haggling over the fine print, negotiators were almost done with a $2 trillion bill to respond to what Senate Majority Leader Mitch McConnell called "the most serous threat to Americans' health in over a century and quite likely the greatest risk to America's jobs and prosperity that we've seen since the Great Depression.
Dr. Anthony Fauci, the government's top infectious disease expert, said pointedly at the briefing, “No one is going to want to tone down anything when you see what is going on in a place like New York City.” Opening the Senate on Tuesday, McConnell combined optimism about the chances for a deal with frustration at the delays — and a sober view of the crisis at hand.
To provide transparency, the package is expected to create a new inspector general and oversight board for the corporate dollars, much as was done during the 2008 Troubled Asset Relief Program bank rescue, officials said.
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