President Trump signs historic $2.2T coronavirus rescue package
Mar 27, 2020, 10:37 AM | Updated: 3:19 pm
President Donald Trump signed a historic $2.2 trillion rescue package Friday, tossing a life preserver to a U.S. economy and health care system left flailing by the coronavirus outbreak.
The House approved the sweeping measure by a nearly unanimous voice vote earlier in the day, as strong majorities of both parties lined up behind the most colossal economic relief bill in the nation’s history.
It will ship payments of up to $1,200 to millions of Americans, bolster unemployment benefits, offer loans, grants and tax breaks to businesses large and small and flush billions more to states, local governments and the nation’s all but overwhelmed health care system.
Rep. Andy Biggs of Arizona was among the small minority opposing passage of the bill, although without a roll call the individual votes didn’t go on the record.
The unprecedented package passed the House after an impassioned session conducted along the social distancing guidelines imposed by the crisis.
The bill passed unanimously in the Senate on Wednesday night.
This is a developing story. Click here for the latest updates.
The Associated Press contributed to this report.