3/19, 10:27 PM (Source: TeleTrader)
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Senate GOP presents $1T COVID-19 relief package

Republicans in the United States Senate presented their phase III coronavirus relief package worth $1 trillion. The plan aims to give every American $1,200, the Finance Committee stated. The bill includes $50 billion for passenger airlines and $8 billion for cargo air carriers.

Senate Majority Leader Mitch McConnell stated that the money will be available to everyone from the "middle class on down." He added: "Our proposal will go even further to remove barriers to care, speed innovation, fund the hospitals and health centers that will treat patients, and expand healthcare workers’ access to the tools they need, including respirator masks."

He also added that small businesses will be helped to "survive this crisis" and commented that the coronavirus pandemic is "driving this disruption."

Breaking the News / VP