Trump signs $2 trillion economic rescue plan to rush aid to businesses, workers hurt by pandemic

President Trump signed a $2.2 trillion economic rescue package into law Friday to provide direct payments to most Americans and aid to workers and businesses idled by the coronavirus outbreak. “I want to thank Democrats and Republicans for coming together and putting America first,” the president said at the White House. Among the five congressional Republicans with the president in the Oval Office were Senate Majority Leader Mitch McConnell and House Minority Leader Kevin McCarthy. There were no Democratic lawmakers in attendance at the signing ceremony “It’s a proud moment for all of us,” Mr. McConnell said. Vice President Mike Pence said the new law means that “today, every American family, every American business can know that help is on the way.” The president’s signature capped a frantic week of deal-making between the White House and congressional Democrats as major portions of the economy ground to a halt to stop the spread of the virus. The measure provides $500 billion in loans for distressed companies, beefed-up unemployment insurance for 39 weeks in most states, $350 billion in loans and grants for small businesses and direct payments of $1,200 to most Americans.

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