Senate Democrats and the White House agreed on Wednesday to a nearly $2-trillion stimulus package for the economy, including funds for individuals and struggling companies.
Negotiations reached a dead-end over the weekend when Democrats blocked the bill, but The Los Angeles Times reports that a Senate vote on the deal could take place by midday Wednesday.
The bill is the largest ever in US history and includes $300 billion for small businesses, $150 billion for local and state governments and $130 billion for hospitals.
Reportedly around $500-billion in loans will be pumped into struggling businesses, propping up airlines, hotels and other businesses within the travel sector.
Around $130 billion will go to hospitals and $150 billion directly to state and local governments.
The stimulus package will also reportedly include direct payments of up to $1,200 to most adult Americans by April, as well as loans to businesses and an expansion of unemployment insurance.
The deal comes at a time when millions of Americans are staying at home to slow the spread of COVID-19 and therefore not going out to work.
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