It has "a $367 billion program for small businesses to keep making payroll while workers are forced to stay home."
"We have a deal," announced White House legislative affairs director Eric Ueland a little after midnight.
After a week of screaming and shouting, the White House and Senate agreed on a $2 trillion coronavirus relief package.
The unprecedented economic rescue package would give direct payments to most Americans, expand unemployment benefits and provide a $367 billion program for small businesses to keep making payroll while workers are forced to stay home.
One of the last issues to close concerned $500 billion for guaranteed, subsidized loans to larger industries, including a fight over how generous to be with the airlines, given that Democrats wanted them to abide by new carbon emissions restrictions. Hospitals would get significant help as well.