White House, Senate Come to Agreement on COVID-19 Stimulus Package

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Currents News Staff

After days of back-and-forth, the White House and senators agree on a package aimed to boost the COVID-19 ravaged U.S. economy.

“To all Americans, I say, ‘Help is on the way.’ Big help, and quick help,” said Democratic Senator Chuck Schumer, Senate minority leader.

This is one of the most expensive and far-reaching deals ever made in Congress.

“It’s good news for the doctors and nurses in the emergency rooms around the country who are waiting for more masks and more funding,” said McConnell. “It’s good news for families all across America.”

While all the details haven’t been released yet, the breakdown includes $250 billion for direct payments to individuals and families, and $350 billion  in small business loans. There is also $250 billion in unemployment benefits and $500 billion for business loans.

“We’re going to take up and pass this package to care for those who are caring for us and help carry millions of Americans through these dark economic times,” said Schumer. 

Majority leader McConnell says the Senate will move to pass the legislation March 25.