White House Deal Reached On Stimulus Proposal
THE WHITE HOUSE SAYS IT HAS REACHED A DEAL WITH SENATE LEADERS ON THE STIMULUS PROPOSAL
(CNN) – The White House says it has reached a deal with Congress for a stimulus package to help jolt the struggling economy as the coronavirus pandemic continues.
Days of marathon negotiations have resulted in a $2 trillion proposal; one of the most expensive and far-reaching measures in the history of Congress.
While full details have yet to be released, the breakdown looks like this:
$250-billion for direct payments to individuals and families, $350-billion in small business loans, $250 billion in unemployment insurance benefits and $500 billion in loans for distressed companies.