Here's a glimpse into what the deal will offer.
"We have a bipartisan agreement on the largest rescue package in American history", Senate Minority Leader Chuck Schumer said. Many members are relying on highlights from the plan, and the legislative text of the bill has yet to be released to the public.
The pandemic and the social distancing rules aimed to curb its spread have forced many businesses to resort to layoffs and furloughs.
"Our country wasn't built to be shut down", Mr Trump said during a briefing at the White House. Those with no or little tax liability would receive the same check as others. Payments would increase by up to $600 per week per worker, and laid-off workers would get those payments for up to four months, according to Senate Democratic Leader Chuck Schumer.
The Democrats, who had pushed back against giving corporations loans, were able to include measures to ensure "strict oversight, transparency and accountability" over them, Schumer said.
For example, House Democrats sought $35 million for the Kennedy Center for the Performing Arts, $300 million for the National Endowment of the Humanities, and they also wanted abortion providers like Planned Parenthood to be eligible for aid money under the small business provisions of the bill. The massive fund would be controlled by the Treasury Department and could include bailouts to hotels, casinos, cruise lines, and the oil and gas industry. Democrats demanded more oversight on how the money is dispensed, so the legislation creates an inspector general and oversight board to control the funds.
Microsoft warns users of unpatched Windows security flaw
Until the patch is issued, you can avoid being targeted by not downloading files from unreliable sites/sources. The next patch Tuesday is scheduled to fall on April 14, 2020.
The massive bill includes a $500 billion fund to help hard-hit industries and a comparable amount for direct payments of up to $3,000 apiece to millions of USA families.
The majority leader described it as "a war-time level of investment for our nation", and said that the Senate would move to pass it later in the day on Wednesday. The children, spouses and in-laws of the aforementioned principals are also included in this prohibition. Healthcare professionals in the USA are already beginning to get sick, with two emergency room doctors, one in New Jersey and one in Washington state being put in critical care last week.
Virginia Senator Tim Kaine spoke on the Senate floor Monday saying the bill should put workers first, and also focus on helping small businesses, large businesses and industry sectors, state and local governments, and America's healthcare network.
$30 billion in emergency education funding and $25 billion in emergency transit funding.
USA senators will vote on Wednesday on a $2 trillion bipartisan package of legislation to alleviate the devastating economic impact of the coronavirus pandemic, hoping it will become law quickly. The second-ranking House Republican, Representative Steve Scalise of Louisiana, told his vote-counting team during a conference call Tuesday night that the best option is to accept a Senate-passed economic stimulus bill, according to Scalise spokeswoman Lauren Fine. Congress can pass legislation by unanimous consent if no lawmaker objects.