House Sends $2 Trillion Coronavirus Rescue Package To President

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House Sends $2 Trillion Coronavirus Rescue Package To President
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BREAKING: The House has approved the roughly $2 trillion coronavirus relief package. The legislation was passed by voice vote. The bill now goes to President Trump for his signature.

"This is an emergency, a challenge to the conscience as well as the budget of our country, and every dollar that we spend is an investment in the lives and the livelihood of the American people," House Speaker Nancy Pelosi, D-Calif., told reporters a day earlier on Thursday."This is not another day in Congress, this is a time when we have to come together to deliver results," McCarthy, R-Calif., said.

The bill could mark the largest rescue package in American history and a major bipartisan victory for Congress. In the recent days, it was the result of arduous negotiations between Senate Minority Leader Chuck Schumer and Treasury Secretary Steven Mnuchin.Senate Majority Leader Mitch McConnell had introduced legislation last week, setting off a new wave of talks with Schumer, Mnuchin, Pelosi and McCarthy.

It also includes $260 billion to aggressively scale up the unemployment insurance program, expanding coverage to four months and raise the weekly benefit by $600. It would also cover nontraditional workers, including the self-employed, freelancers and those working in the gig economy. Democrats have been clear that new legislation is needed, but Republicans have been less committal. The bill before the House marks the third congressional measure this month addressing the coronavirus crisis.

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