Economics
House Faces Urgency to Act on Senate’s $2 Trillion Virus Rescue
- Bill seeks to keep families, companies afloat during outbreak
- Includes $500 billion in aid for companies, local governments
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The U.S. Senate approved a historic $2 trillion rescue plan to respond to the economic and health crisis caused by the coronavirus pandemic, putting pressure on the Democratic-led House to pass the bill quickly and send it to President Donald Trump for his signature.
The massive legislation passed on a 96-0 vote just before midnight Wednesday after days of intense negotiations between Senate Republicans and Democrats, who demanded changes to the bill introduced last week by Senate Majority Leader Mitch McConnell.