US Senate passes nation's largest-ever rescue package

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US$2 trillion emergency package to stave off total economic collapse in the wake of the coronavirus crisis. FMTNews US

Final vote of 96-0 passed by the Senate at the US Capitol in Washington.

Outbreaks have grown nationwide, but with particular fear that New York could be the next epicentre of the coronavirus pandemic. It provides some US$500 billion in grants and loans to small businesses and core industries, including as much as US$50 billion for strained airlines and their employees. “We still have the trajectory going up,” said New York Governor Andrew Cuomo, adding that about 12% of the people who test positive require hospitalisation.

Over half the US population is now under some form of lockdown as authorities nationwide seek to stem the outbreaks.

 

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