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Massive Rescue Package Signed
News Bytes 03/27/2020 29 Comments

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Not one member objected. The U.S. Senate unanimously passed a $2 trillion stimulus bill. Its funds are aimed at helping unemployed workers and industries hurt by the coronavirus pandemic. And the package makes billions of dollars available to buy urgently needed medical equipment.

The usually divided Senate voted “yes,” 96 to 0.

Senate Majority Leader Mitch McConnell said, “I’m proud to announce tonight not a single senator voted against this $2 trillion rescue bill to save American individuals, small businesses, larger businesses, and to provide considerable funding for the healthcare workers and the scientists and the doctors and others who are trying to solve this pandemic.”

The stimulus bill is the largest rescue package in American history. Included in it are such things as:

• Payments of up to $3,000 to U.S. families

• Up to $500 billion for distressed industries, such as hard-hit airlines

• $250 billion to expand unemployment aid

• $100 billion for hospitals and related health systems

• $350 billion assistance for small-businesses

Businesses owned by President Trump, other administration officials, and members of Congress are not eligible for assistance.

The stimulus amounts to nearly half of what the U.S. government spends annually. The main idea behind it is to flood the economy with cash. Leaders hope the move will help stem the financial impact of the growing COVID-19 pandemic. That virus has killed more than 900 people in the United States and infected at least 60,000.

The U.S. House of Representatives must now approve the law. Members are expected to do so before the weekend. President Trump told reporters he would sign the bill as soon as it reaches his desk.

(Stacks of freshly printed $100 bills make their way down the line at the Bureau of Engraving and Printing Western Currency Facility in Fort Worth, Texas. AP Photo/LM Otero)

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Most recent comments

1st comment!!!!!!!!!!!!!!!!!!!

This is awesome! But who is paying for it ? Are our taxes going to be raised or is it coming out of the US treasury?

PRAYER!

Anyone who wants prayer just say so and I will pray for you/your family

@ Caro and Tommy: That's so

@ Caro and Tommy: That's so nice of you! My family is ok but could you pray for my relatives the Conaways? They got exposed to the coronavirus but I don't think they are sick. And about the article, I am glad that the US is doing so much to help with the coronavirus, but that is a lot of money, and I thought we already had a bunch of national debt...

to everyone

I think we've been in national debt for YEARS now. I think this is all coming out of the US treasury, I'm not sure. CaroandTommy thank you that's very nice! My family is fine, It's hot where we live so that's slowing the corana virus down pretty well.

@Caro and Tommy

Yeah, we're going to pay it back in taxes. They will also print more money, like they showed in the video. Because of the printing, our dollars will be worth less, causing prices to rise. (Inflation.) So people will stop buying stuff, which will cause a recession. We are in a recession right now, because of the virus. People are losing jobs and getting worried about money so they've stopped buying stuff. And yeah, we do have a lot of national debt.

Adding to above

And thank you for the offer for prayer, that is so sweet! My family is doing well right now, but the virus is really starting to spread where I live.

I hope this helps at least

I hope this helps at least some people!

Last night three guys from my

Last night three guys from my church came and sang two songs in our front yard. They called it COVID-Caroling.

Good

It's funny, we re viewed the great depression today and it sounds exactly like what's happening now. I hope this bill helps. Thankfully my dad still has his job. I hope the coronavirus stops soon.

Janna (Daniel's sister)

A lady at my church might have COVID-19 (we're still waiting for the test and then the results), but if she does have it then my family has it. And my dad and younger sister have asthma, so if we do have it there's a bigger chance they could die from it.

Mixed Feelings.....

I'm not sure exactly what I think about this. I mean, if the United States has enough money to pay all of these people billions of dollars, then maybe we could pay off some of our debt. Instead, we're panicking over something actually not that fatal. It might have "killed" some people, but this people would be in nursing homes, or they'd already be sick with something else.
On the other hand, this is really helping people who usually live paycheck-to-paycheck, and are now out of a job.
On another hand, this COVID-19 stuff is really driving me crazy. I mean, we went to the grocery store WEEKS ago, and even then the toilet paper shelf was completely empty!!!!

To Above

Not trying to be the mean person, but...more than "some" people have died from this. Thousands and thousands and thousands of people have died. And not just elderly people but young healthy people are dying left and rite.

@Janna G.

I don't think you need to worry about your family dying. Remember, Paul tells us in Romans that "in all these things we are more than conquerers through Him who loved us. For I am CONVINCED that neither death, nor life, nor angels, nor demons, nor things present, nor things to come, nor height nor depth, nor anything in all of creation, shall be able to separate us from the love of God." (Romans 8:37-39; emphasis added) And earlier in that chapter it says that "we KNOW that all things work together for the good of those who love Him, who have been called according to His purpose." (Romans 8;28; emphasis added) All we have to do is bring our troubles to Him, for He tells us "do not be anxious about anything, but in everything, by prayer and petition, with thanksgiving, present your requests to God. And the peace of God, which surpasses all understanding, will guard your hearts and your minds in Christ Jesus our Lord." (Philippians 4:6-7)
Please tell me if this has been helpful. I will pray for you.

@NA

No, you're right.

@ Eliana

I know you were talking to Janna, but you have encouraged me. My family has been going through very hard times sense January 1st. That was encouraging. : )

Trump

Trump just signed the bill seconds ago.

Uncle

My uncle is working from home so we're good

Janna G. and N.A., I'll be

Janna G. and N.A., I'll be praying for you and your family. And Beth G., that's funny about the guys "COVID-caroling."

COVID-Caroling....Brillant!

That is awesome!! We have been FaceTiming people!

inflation?

isn't this going to make inflation? that was nice of them and all, but won't it end up having a bad effect on the economy?

Huh?

So what??? Umm I'm not sure what this means...?

@ Kiara J

I'll try to explain. . .
t means the U.S government is giving away checks to American families that lost their jobs because of the coronavirus.
Did that help? I dont know how to explain.

@NA

Not trying to undermine the people who have died from coronavirus, but the thousands and thousands of people who have died is kind of small compared to the 1.3 MILLION deaths annually from car accidents. Despite this fact, people still get into their cars and drive places.

@NA

Thank you! That was so helpful! My grandma works at a hardware store and they sell flowers and paint and other stuff but some days oh my goodness... One day there was a line not of people but cars and it was insane!!!! They parked in other parking spots (it's kinda like business next to each other. Does that make sense?) and some people walked in and (other employees ask "Can I help you?" ) some of the other workers asked people "Can I help you?" and they replied "No I'm just browsing through." They just want to get out!

Janna (Daniel's sister) @NA

Actually like 7,000 people die normally a day in the US. So COVID-19 isn't making to much of a difference.

@Nadia A.

I am glad and touched that my comment helped you.

And just so you know...

When I said "you're right", I wasn't correcting your spelling, I was actually saying that you were literally correct. Just making sure that was cleared up.

@ Thomas L.

Good point.

@Lena P

I will add the Conaways to my prayer list sorry I didn't see this sooner

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