March 25, 2020
The U.S. Senate late March 25 passed — by unanimous 96-0 vote — a massive $2 trillion spending bill designed to assist American families, business and industries challenged by the ongoing coronavirus pandemic. The House is expected to take up the bill by March 27 and then send it to President Trump for his signature.
Asked Wednesday, Trump said “I will sign it immediately.”
The historic measure was hammered out in round-the-clock bipartisan negotiations among Republicans, Democrats and the White House. When passed by the House, it would be the largest economic stimulus measure ever passed by Congress. It includes a $500 billion fund to help hard-hit industries and direct payments of up to $3,000 apiece to millions of U.S. families.
“This is not a moment of celebration but rather one of necessity,” Senate Minority Leader Charles Schumer (D-NY) said in a statement.
Following final passage in Congress, entertainment companies, movie theaters and other businesses could see some fiscal assistance as they weather an unprecedented downturn in business due to the global pandemic that has shuttered theaters, productions and retail while quarantining millions of people in their homes.