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US Congress passes huge financial stimulus package | US Congress passes huge financial stimulus package |
(32 minutes later) | |
The US Congress has passed its largest-ever financial stimulus package, worth $2tn (£1.7tn), as the country grapples with the coronavirus pandemic. | |
The House of Representatives passed the bill two days after the Senate. President Trump says he will sign it. | |
On Wednesday the number of Americans filing for unemployment surged to a record high of 3.3 million people. | |
The US has more confirmed cases of coronavirus than any other country, with more than 86,000 positive tests. | The US has more confirmed cases of coronavirus than any other country, with more than 86,000 positive tests. |
Earlier on Friday, New York Governor Andrew Cuomo announced eight temporary hospitals to meet an expected surge in cases. | |
He said 519 people had died in the state - the worst-hit in the US - and there were 44,635 confirmed cases. | |
What happened in Congress? | |
Democrats and Republicans in the Democratic-led House approved the stimulus package by voice vote. | |
It is designed to enable direct payments to individuals and companies whose livelihoods and businesses have been affected by the pandemic. | |
It includes $500bn for the worst-affected industries and $290bn for payments of up to $3,000 to millions of families. | |
There is also $350bn for loans to small businesses, $250bn for unemployment aid and at least $100bn for hospitals and medical expenditure. | |
Officials across the US have closed restaurants, bars, cinemas, hotels and gyms in an effort to slow the spread of the virus. | |
Car firms have halted production and air travel has fallen dramatically. According to economists, a fifth of the US workforce is on some form of lockdown. |