Senate Passes Coronavirus Relief Package, Mnuchin Urges Pelosi To Act ‘NOW’
96-0 in the United States Senate. Congratulations AMERICA!
— Donald J. Trump (@realDonaldTrump) March 26, 2020
“96-0 in the United States Senate.” President Trump wrote, “Congratulations AMERICA!”
Congratulations to @senatemajldr and @SenSchumer for passing the #CARESAct with unanimous bipartisan support. I urge @SpeakerPelosi and @GOPLeader to pass this NOW! This will support American workers and American workers in the war against #coronavirus !!
— Steven Mnuchin (@stevenmnuchin1) March 26, 2020
Treasury Secretary Steve Mnuchin also congratulated Senators and pressured House Speakers Nancy Pelosi and House Minority Leader Kevin McCarthy to ‘NOW’ act to similarly provide economic relief to Americans.
“Congratulations to Senate Majority Leader Mitch McConnell and Senate Minority Leader Chuck Schumer for passing #CARESAct with unanimous bipartisan support.” Mnuchin wrote on Twitter early Thursday, “I urge Speaker Pelosi and GOP Leader Kevin McCarthy to pass this NOW! This will support American workers and American workers in the war against #coronavirus.”
The bill provides $1,200 to individual adults who make $75,000 or less annually, $2,400 to couples making $150,000 or less annually. With rising unemployment rates, the bill allocates $250 billion to the program and extends the payment period to up to 39 weeks.
For small businesses, the bill provides $349 billion in loans. Further, commercial airlines will receive up to $50 billion to pay workers.
Read the full bill below: