NewsCoronavirus

Actions

White House, Congress agree on $2 trillion virus rescue bill

Posted: 6:26 AM, Mar 25, 2020
Updated: 2020-03-25 06:26:51-04
Steve Mnuchin, Eric Ueland, Mark Meadows

WASHINGTON — The White House and Senate leaders of both major political parties have agreed on an unprecedented $2 trillion measure to rush aid to businesses, workers and a health care system slammed by the coronavirus pandemic.

The urgently needed pandemic response measure is the largest economic rescue measure in history.

It's intended as a weekslong or monthslong patch for an economy spiraling into recession and a nation facing a potentially ghastly toll.

A top White House aide announced the agreement in a Capitol hallway early Wednesday.

The deal caps days of often intense haggling and mounting pressure.

The package still needs to be finalized in detailed legislative language.