The Senate plans to vote Wednesday afternoon on a $2 trillion stimulus package that is designed to flood the U.S. economy with money in an effort to stabilize households and businesses that have been floored by the coronavirus outbreak. The legislation would send checks to many Americans, create a loan program for small businesses and establish a lending fund for industries, cities and states.
Senate Majority Leader Mitch McConnell (R-Ky.) and Minority Leader Charles E. Schumer (D-N.Y.) announced the breakthrough on the Senate floor around 1:30 a.m., after a long day of talks with Treasury Secretary Steven Mnuchin and other administration officials. Join us LIVE at 3 p.m. ET for a coronavirus special report: https://youtu.be/q8DRRq3Sz3w. Read more: https://wapo.st/3dvu5Ta. Subscribe to The Washington Post on YouTube: https://wapo.st/2QOdcqK