U.S. Senate passes 2 tln USD stimulus package to blunt COVID-19 fallout

Source: Xinhua| 2020-03-26 12:13:20|Editor: ZD
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U.S.-WASHINGTON D.C.-2 TLN USD STIMULUS PACKAGE-COVID-19

 Photo taken on March 25, 2020 shows the U.S. Capitol in Washington D.C., the United States. The U.S. Senate on Wednesday night passed a 2-trillion-dollar stimulus package to blunt the economic fallout of COVID-19, after rounds of negotiations between Democrats and Republicans. (Photo by Ting Shen/Xinhua)

WASHINGTON, March 25 (Xinhua) -- The U.S. Senate on Wednesday night passed a 2-trillion-dollar stimulus package to blunt the economic fallout of COVID-19, after rounds of negotiations between Democrats and Republicans.

The upper chamber passed the bill in a 96-0 vote, well above the 60-vote threshold. The package needs to be approved by the House of Representatives, before being sent to President Donald Trump's desk for signature.

The bill, aimed at cushioning the economy from COVID-19 ravages, will provide small businesses emergency loans, business tax breaks, expanded unemployment benefits, 1,000-dollar-plus direct payments for working Americans, government aid for industries such as airlines and hotels, as well as more support for hospitals and state and local governments.

Calling it an "emergency relief," Senate Majority Leader Mitch McConnell, a Kentucky Republican, said at the Senate floor earlier in the day that the package will "help the people of this country weather this storm."

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