$2 Trillion COVID-19 Stimulus Package

President Donald Trump signed into law a $2 trillion relief package aimed at blunting the economic effects of the coronavirus pandemic. The largest stimulus in modern American history got final House approval hours earlier despite one congressman calling a quorum — some lawmakers are under stay-home orders due to the virus. The measure comes as U.S. cases top 100,000, more than any other country, and after a record 3.28 million Americans applied for jobless benefits amid mass layoffs tied to the contagion.

Highlights of the bill include:

More than $350 billion to aid small businesses.
$150 billion to hospitals and other health care providers for equipment and supplies.
Direct payments in early April to lower- and middle-income Americans of $1,200 for each adult, as well as $500 for each child.
Unemployment insurance extension to four months, plus an extra $600 weekly, with more workers eligible.
$500 billion for distressed companies, including industry-specific loans for airlines, hotel companies and others battered by the economic downturn.