US House of Representatives passes $2.2T rescue package

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President Trump with Treasury Secretary Steven T. Mnuchin. (AFP/Getty Images)

The US House of Representatives has rushed to President Donald Trump a $2.2 tn rescue package after passing it on Friday, potentially  tossing a life preserver to a US economy and health care system left flailing by the coronavirus pandemic. 

The House approved the sweeping measure by a voice vote, as strong majorities of both parties lined up behind the most colossal economic relief bill in the nation’s history. It will ship payments of up to $1,200 to millions of Americans, bolster unemployment benefits, offer loans, grants and tax breaks to businesses large and small and flush billions more to states, local governments and the nation’s all but overwhelmed health care system. 

SOURCE: REUTERS

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