1/ The House passed the $2.2 trillion coronavirus stimulus package and Trump signed it into law. The legislation will deliver one-time direct payments of $1,200 to most taxpayers and enhance unemployment benefits. The measure also creates a $500 billion lending program for businesses, cities and states, and a $367 billion fund for small businesses. The package was approved by voice vote after a Republican lawmaker attempted to delay the approval and force lawmakers to return to Washington in order to assemble the 216 members needed for a quorum. Trump attacked Rep. Thomas Massie in a series of tweets, calling him a “third rate grandstander” and suggesting that Republican leaders “throw” him out of the party. The size of the stimulus package, along with Federal Reserve actions, will amount to an injection of about $6 trillion into the economy – or about 30% of annual gross domestic product. “We got hit by the invisible enemy and we got hit hard,” Trump said before signing the bill. “I think we are going to have a tremendous rebound.” (Washington Post / New York Times / Politico / CNBC / Vox / CNN / NBC News / The Guardian / ABC News / CBS News / Bloomberg / Wall Street Journal)
This is a companion discussion topic for the original entry at https://whatthefuckjusthappenedtoday.com/2020/03/27/day-1163/
Coronavirus (Community Thread)