👑 Bulletin: Prince Charles has tested positive for coronavirus. He is showing mild symptoms "but otherwise remains in good health." (BBC)
🚨 Breaking now: World markets surged this morning after the overnight news that Congress and the White House reached a deal to inject nearly $2 trillion into the economy.
- With leaders promising the rescue package was imminent, the Dow Jones Industrial Average rose 11.4% yesterday — the index's biggest one-day gain since 1933.
Eric Ueland, the White House legislative affairs director, announced the agreement in a Capitol hallway shortly after midnight, capping days of often intense haggling and mounting pressure, AP reports.
- "Ladies and gentlemen, we are done. We have a deal," Ueland said.
- It still needs to be finalized in detailed legislative language.
Why it matters: The unprecedented economic rescue package will give direct payments to most Americans, expand unemployment benefits and provide a $367 billion program for small businesses to keep making payroll while workers are out.
- One of the last sticking points was $500 billion for guaranteed, subsidized loans to larger industries. Airlines and hospitals will get significant help.