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Senate Hurtles to Vote in Hours on Record $2 Trillion Stimulus

  • Plan provides aid for businesses, checks for individuals
  • Senate and House still to vote; lawmakers optimistic
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Watch: Senate Majority Leader Mitch McConnell speaks about the deal between Democrats and Republicans on an historic rescue package.(Source: Bloomberg)
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The Senate moved toward a vote Wednesday on the biggest economic rescue measure in U.S. history, a more than $2 trillion package of spending and tax breaks to bolster the hobbled U.S. economy and fund a nationwide effort to contain the coronavirus.

The legislation was furiously drafted after Senate Majority Leader Mitch McConnell and Democratic leader Chuck Schumer announced early Wednesday morning that they struck an agreement after several days of marathon negotiations that also involved Treasury Secretary Steven Mnuchin.