The Senate Has Passed $900B Covid-19 Relief

The Senate has approved more than $900 billion for coronavirus assistance  sending the legislation to President Trump’s desk for his signature. 

The Senate passed the COVID-19 relief package and government funding plan. The vote was 91-6, and members needed 60 votes to pass the bill since it skipped several parliamentary steps.

The other five who voted against the package were Sens. Rick Scott, R-Fla., Mike Lee, R-Utah, Marsha Blackburn, R-Tenn., Ted Cruz, R-Texas and Ron Johnson,  R-Wis.

The COVID-19 portion includes a number of provisions designed to help American families and businesses as coronavirus cases throughout the U.S. surge. Among them are $600 economic impact payments – half of the amount distributed under the CARES Act – a $300 per week supplemental unemployment insurance benefit that extends through March.

The coronavirus relief legislation was passed as part of a larger omnibus spending package, designed to fund the government through Sept. 30. 

House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer called the plan a “package that delivers urgently needed funds to save the lives and livelihoods of the American people as the virus accelerates.”

Steven Mnuchin who is Trump’s Secretary stated on Monday that Americans who qualify for direct payments in the new pandemic relief legislation should expect to see money in their accounts as early as next week. 

“The good news is this is a very, very fast way of getting money into the economy. Let me emphasize: people are going to see this money at the beginning of next week,” Mnuchin said in a phone interview with CNBC.

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