9 things about the historic US coronavirus bail-out package
- The US House of Representatives approves at $2.2 trillion stimulus package to tackle the impact of the coronavirus.
- The bill was signed into law by President Donald Trump.
- It includes measures to help individuals, businesses and the public sector.
The U.S. House of Representatives on Friday approved an unprecedented $2.2 trillion stimulus package to alleviate the economic devastation of the coronavirus pandemic and sent it to President Donald Trump to sign into law.
Here are major elements of the plan. Cost estimates are provided by the Committee for a Responsible Federal Budget.
Direct payments to Americans
Direct payments of up to $1,200 each to millions of Americans, with additional payments of $500 per child. Payments would be phased out for those earning more than $75,000 a year. Those earning more than $99,000 would not be eligible.
Estimated cost: $290 billion