Senate Reaches Historic Deal On $2 Trillion Coronavirus Economic Rescue Package
Congressional leaders announced an agreement to fund cash payments to Americans, bailouts for key industries and aid to the health care industry.
Updated at 9:02 a.m. ET
Senate leaders have struck a historic deal to inject the U.S. economy with about $2 trillion in aid in response to the coronavirus pandemic.
The deal comes after days of intense negotiations and false starts among Senate Majority Leader Mitch McConnell, Minority Leader Chuck Schumer and Treasury Secretary Steven Mnuchin.
McConnell, R-Ky., and Schumer, D-N.Y., announced news of a breakthrough on the Senate floor shortly after 1:30 a.m. Wednesday.
"This is a wartime level of investment into our nation," McConnell said. "The men and women of the greatest country on earth are going to defeat this coronavirus and
