Congress reaches agreement on coronavirus stimulus bill

Legislative text of the bill will be likely be released on Wednesday morning.

Posted: Mar 24, 2020 10:27 PM
Updated: Mar 25, 2020 10:53 AM

WASHINGTON, D.C. (AP) -- The White House and Senate leaders of both parties have struck an agreement on a sweeping $2 trillion measure to aid workers, businesses and a health care system strained by the rapidly spreading coronavirus outbreak.

Top White House aide Eric Ueland announced the agreement in a Capitol hallway shortly after midnight.

The agreement comes after days of often intense haggling and mounting pressure and still needs to be finalized in detailed legislative language.

The unprecedented economic rescue package would 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 forced to stay home.

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