The U.S. House of Representatives has officially passed the historical $2.2 trillion stimulus package to soften the economic fallout of the COVID-19 pandemic, which has left many businesses and workers struggling. The bill will now go to President Donald Trump’s desk, where he is expected to sign it.
The bill, which passed unanimously in the Senate during a late-night vote Wednesday, outlines the largest stimulus package in US history and would provide a $500 billion corporate fund, $377 billion in aid to small businesses and $1,200 one-time checks to individuals who make up to $75,000.
Click here for more information about the bill.
The passage of this bill is a notable step in addressing the overwhelming economic impact the pandemic has had on businesses and workers, though more action from Congress could be on the horizon. Meadowlands Media will continue to keep you informed on these developments.