Bloomberg Tax
March 26, 2020, 12:16 PM

House Faces Urgency to Act on Senate’s $2 Trillion Virus Rescue

Steven Dennis
Steven Dennis
Bloomberg News
Mike Dorning
Mike Dorning
Bloomberg News
Billy House
Billy House
Bloomberg News
Laura Litvan
Laura Litvan
Bloomberg News

The U.S. Senate approved a historic $2 trillion rescue plan to respond to the economic and health crisis caused by the coronavirus pandemic, putting pressure on the Democratic-led House to pass the bill quickly and send it to President Donald Trump for his signature.

The massive legislation passed on a 96-0 vote just before midnight Wednesday after days of intense negotiations between Senate Republicans and Democrats, who demanded changes to the bill introduced last week by Senate Majority Leader Mitch McConnell.

The package includes an unprecedented injection of loans, tax breaks and direct payments for major corporations and individual ...

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