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03/25/2020

What's in the $2 Trillion Stimulus Package — And What's Next

This bill won’t make it to Trump’s desk without some political angst

The biggest economic stimulus in American history is hurtling toward passage, but Washington’s colossal intervention to save the economy still chooses winners and losers among businesses and American workers.

The measure includes expanded worker protections Democrats demanded along with the $500 billion rescue fund Republicans pushed for to help beleaguered U.S. industries. Many Americans will get checks of $1,200 for individuals, $2,400 for married couples.

The hospital industry is getting what it asked for — $100 billion in rescue funds. But the oil industry is getting nothing — and neither are the Postal Service and cruise companies. This gargantuan bill won’t make it to President Donald Trump’s desk without some last minute political angst: Sen. Bernie Sanders is threatening the bill because it doesn’t have enough restrictions on the business bailout and Republicans think the unemployment aid is too generous.

Please select this link to read the complete article from POLITICO.

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