Updated Mar 25, 2020 - Politics & Policy

White House, Congress reach deal on $2 trillion coronavirus relief package

Senate Majority Leader Mitch McConnell leaves a meeting in the Strom Thurmond Room during negotiations in Washington, D.C. Photo: Chip Somodevilla/Getty Images

After days of intense negotiations, the White House and Republican and Democratic Senate leaders struck a bipartisan deal early Wednesday over a $2 trillion stimulus package designed to ease the economic impact of the coronavirus outbreak.

Why it matters: The emergency legislation that Senate Majority Leader Mitch McConnell (R-Ky.) promised to pass later Wednesday will deliver vital aid to workers, small businesses, corporations and health care providers under strain from the illness, which has infected more than 55,000 people in the U.S. and killed more than 800.

The state of play: White House legislative affairs director Eric Ueland told reporters just before 1 a.m. that a deal had been reached but the bill's text was still being finalized.

  • "Ladies and gentlemen, we are done. We have a deal," Ueland said.

Between the lines: Democrats nearly derailed negotiations over the weekend to secure key provisions in the Senate Republican bill — and those efforts seemed to have paid off.

  • The new stimulus measure includes several priorities Democrats pushed for, including more money for hospitals, increased worker protections, strict oversight of how the money is being spent, more state funding, expanded unemployment insurance and the creation of a "Marshall Plan" for the health care system.

Here's what is expected to be in the final bill, though specifics are subject to change because its final text has yet to be distributed:

  • Direct payments: The bill would distribute up to $1,200 to Americans in the form of a one-time direct deposit, $2,400 for couples, and $3,000 for family of four. The payments will be phased out based on income levels.
  • Small businesses will get $367 billion to keep making payroll while workers have to stay home. "Companies with 500 or fewer employees could tap up to $10 million each in forgivable small business loans to keep paychecks flowing," the AP notes.
  • Federally guaranteed loans will provide eight weeks of assistance for qualifying employers who maintain payroll. Those who meet requirements would have costs such as utilities, mortgage interest and rent forgiven.
  • Unemployment benefits: $600 per week would be added to normal state benefits for up to four months with an extra 13 weeks of benefits — adding up to 39 weeks of regular unemployment insurance "through the end of 2020." The coverage would be effective Jan. 27. The deal extends to gig economy workers, Axios' Kia Kokalitcheva notes.
  • Health care and social services: $242 billion would be set aside "in additional emergency appropriations to fight the virus and shore up for safety net programs," per the AP. It'll fund public health providers including hospitals, the CDC, child nutrition programs, food stamps and transportation agencies.
  • Industry: The final number for big businesses like airlines is still up in the air, but Republicans are seeking $500 billion in loans. Provisions against potential employer abuses are also still subject to negotiations.
  • Payroll taxes: The measure enables individuals to defer payment of their 2020 payroll taxes until 2021 and 2022.
  • States and local governments will get $150 billion, with $8 billion set aside for tribal governments.

The timing: The delay in delivering a final version of the legislation "came, in part, because aides launched a painstaking scrub of the bill’s text, to make sure that one of the most ambitious pieces of legislation ever attempted by Congress — thrown together in little over a week — actually said what lawmakers wanted it to say," the Washington Post reports.

  • Senate aides say a final bill will be released in the next few hours, and a vote on the bill is expected later today.
  • House Speaker Nancy Pelosi said she wants to pass the measure in the House via unanimous consent. If there's no opposition to the deal, the bill will fly through the chamber — potentially as soon as today, though a vote Thursday is more likely.
  • However, if just one member objects, the House could be forced to return from recess to vote on the legislation in person.

Editor's note: This article has been updated with new details.

Go deeper

U.S. cities crack down on protests against police brutality

Photo: Megan Jelinger/Anadolu Agency via Getty Images

Major U.S. cities have implemented curfews and called on National Guard to mobilize as thousands of demonstrators gather across the nation to continue protesting the death of George Floyd.

The state of play: Hundreds have already been arrested as tensions continue to rise between protesters and local governments. Protesters are setting police cars on fire as freeways remain blocked and windows are shattered, per the Washington Post. Law enforcement officials are using tear gas and rubber bullets to try to disperse crowds and send protesters home.

Trump to invite Russia and other non-member G7 countries to summit

President Trump at Cape Canaveral, Florida, on Saturday. Photo: Saul Martinez/Getty Images

President Trump told reporters on Saturday evening he would postpone the G7 summit to September and expand the meeting to more nations that are not members of the Group of 7.

Details: Trump said he would invite Russia, South Korea, Australia and India to the summit, according to a pool report. "I don’t feel that as a G7 it properly represents what’s going on in the world. It’s a very outdated group of countries," he said.

Updated 1 hour ago - Politics & Policy

George Floyd protests: What you need to know

Thousands of protesters march in Denver, Colorado, on May 30. Photo: Michael Ciaglo/Getty Images)

Curfews are being imposed in Portland, Oregon, and Cincinnati, while the governors of Georgia, Kentucky, Ohio and Texas activated the National Guard following unrest in the states, per AP.

The big picture: Floyd's fatal run-in with police is the latest reminder of the disparities between black and white communities in the U.S. and comes as African Americans grapple with higher death rates from the coronavirus and higher unemployment from trying to stem its spread.