Senate Releases $2 Trillion Coronavirus Package

Senate Releases $2 Trillion Coronavirus Package

The Senate released the final text for the $2 trillion coronavirus package Wednesday evening that would provide immediate economic relief to small businesses and Americans.

The Senate will likely vote on the $2 trillion coronavirus package on Wednesday night after the chamber votes on an amendment offered by Sen. Ben Sasse (R-NE).

Treasury Secretary Steven Mnuchin rebuffed the Republican senators’ concerns over the bill, contending this will help those who involuntarily lost their jobs.

After the Senate votes on the amendment, the Senate will consider the coronavirus legislation, which will only require a simple majority, or 51 votes, to pass through the chamber.

The Senate’s advancement of the legislation follows as Senate Majority Leader Mitch McConnell (R-KY), Senate Minority Leader Chuck Schumer (D-NY), and Treasury Secretary Steven Mnuchin have spent five days negotiating over the historically large emergency package.

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