White House and US Senate reach agreement on $2 trillion coronavirus stimulus package | JOE.ie

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It is set to be the largest stimulus package in the history of the United States

Conor HeneghanThe United States Senate has reached a deal with the White House on a stimulus package worth $2 trillion to combat the economic impact of the Covid-19 virus.

“We have a deal,” Eric Ueland, White House legislative affairs director, told reporters on Wednesday morning. While the full text of the package will be revealed in due course, it is expected to provide direct payments of up to $1,200 to most adults, to expand unemployment insurance and to provide funds for small businesses to allow them to pay employees who have to stay at home.

Confirmation of the package came about after lengthy negotiations between Senate officials and representatives of the Trump administration and comes after the president himself suggestedThe United States is currently in the middle of a 15-day period of preventative measures and social distancing to combat the Covid-19 virus, a period initiated by the White House to “slow the spread”.

 

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