Senate passes $2 trillion coronavirus relief bill, which includes checks for Americans and small business loans
on Wednesday, March 25, to bring financial relief to Americans and businesses hammered by the coronavirus and its economic toll.
The bill's passage follows two stoppages by Senate Democrats looking to secure stronger worker protections and stricter guidelines for which corporations could receive government loans. Multiple meetings between Senate Minority Leader Chuck Schumer and Treasury Secretary Steven Mnuchin extended talks around the legislation's specifics.
The White House and the Senate reached a deal early Wednesday morning on the recovery package, teeing the bill up for passage later in the day. Schumer deemed the legislation an "outstanding agreement," while Senate Majority Leader Mitch McConnell said it represented a "wartime level of investment for our nation."Sunday's failed cloture vote fueled short-lived concern in the already debilitated financial sector.
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