Senate Approves $2T Stimulus Bill In Unanimous Vote

The Washington Post reports:

Facing one of the worst economic downturns in American history, one that is unsparing in its trauma, the Senate late Wednesday unanimously approved a $2 trillion emergency relief bill that attempts to arrest the financial havoc caused by the coronavirus pandemic.

Lawmakers acted with unusual speed and cooperation to produce the largest economic rescue package in U.S. history.

The sprawling legislation, which passed 96 to 0, would send checks to more than 150 million American households, set up enormous loan programs for businesses large and small, pump billions of dollars into unemployment insurance programs, greatly boost spending on hospitals, and much more.

CNN reports:

The legislation represents the largest emergency aid package in US history and the most significant legislative action taken to address the rapidly intensifying coronavirus crisis, which is overwhelming hospitals and grinding much of the economy to a halt.

It will next go to the House for a vote. House Majority Leader Steny Hoyer announced Wednesday evening ahead of Senate passage that the House will convene at 9 a.m. on Friday to consider the relief package. The plan is to pass the bill by voice vote, a move that would allow the House to avoid forcing all members to return to Washington for a recorded roll call vote.

President Donald Trump has indicated he will sign the measure. The White House and Senate leaders struck a major deal early Wednesday morning on the package. Senate Majority Leader Mitch McConnell formally announced the agreement on the Senate floor, describing it as “a wartime level of investment for our nation.”