Congress closing in on nearly $2 trillion virus aid package
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin has returned to Capitol Hill for final negotiations with Senate leaders on a massive $2 trillion economic rescue package aimed at easing the impact of the coronavirus outbreak. Both sides have resolved many issues in the sweeping package, though some final sticking points remain. The plan would give direct payments to most Americans, expand unemployment benefits, and provide a $350 billion program for small businesses to keep making payroll while workers are forced to stay home. A point of contention has been $500 billion for guaranteed loans to larger industries. Democrats touted gains for hospitals, additional oversight of the huge industry stabilization fund, and money for cash-strapped states.
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