• About Us
    • Àtẹ́lẹwọ́ Podcast
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home General

‘While we adjourned’ Senate unanimously passes historic $2T coronavirus stimulus package

Freelanews by Freelanews
March 26, 2020
in General
0
breaking news e1505086682684
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0

By a vote of 96-0, Senate passed a massive $2 trillion coronavirus stimulus compromise package just before midnight on Wednesday, ending days of deadlock and sending the bill to the House of Representatives — where House Speaker Nancy Pelosi has said there will soon be a “good debate on the floor” over the historic measure to bring relief to individuals, small businesses, and larger corporations.

The 880-page legislation is the largest economic relief bill in U.S. history. Senate Majority Leader Mitch McConnell, R-Ky., appeared somber and exhausted as he announced the vote — and he released senators from Washington until April 20, though he promised to recall them if needed.

The unanimous vote came despite misgivings on both sides about whether it goes too far or not far enough and capped days of difficult negotiations as Washington confronted a national challenge unlike it has ever faced.

The package would provide one-time direct payments to Americans of $1,200 per adult making up to $75,000 a year, and $2,400 to a married couple making up to $150,000, with $500 payments per child. After a $75,000 threshold for individuals, the benefit would be reduced by $5 for each $100 the taxpayer makes, per Page 145 of the bill. A similar $150,000 threshold applies to couples, and a $112,500 threshold for heads of households.

The legislation passed by the Senate will use 2019 tax returns, if available, or 2018 tax returns to assess income for determining how much direct financial aid individuals receive. Those who did not file tax returns can use a Form SSA-1099, Social Security Benefit Statement or Form RRB-1099, a Social Security Equivalent Benefit Statement, per Page 149 of the bill.

The bill omits many — though not all — items from Pelosi’s version of the legislation that Republicans had called wasteful or irrelevant, including climate-change related emissions restrictions for airlines and various diversity-related provisions.

But, the John F. Kennedy Center for the Performing Arts in Washington, D.C. and the House of Representatives would still each receive $25 million, and unions will likely benefit from provisions requiring many small businesses to stay out of union organization efforts. Those line items galled conservatives when Pelosi first floated them over the weekend, but President Trump signaled earlier in the day that they amounted to necessary compromises to move the bill along.

House Majority Leader Steny Hoyer, D-Md., said the House would vote on the matter on Friday.

Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
freelanews
Freelanews

Freelanews is a potpourri of news, entertainment, business, events and photos. This is no fake news.


Discover more from Freelanews

Subscribe to get the latest posts sent to your email.

Related Posts

freelanews king jide harmony
General

Lavolta Entertainment, Barrel Lounge present Pre-Ramadan Special Groove with King Jide Harmony (Poster)

by Rtn. Victor Ojelabi
March 4, 2024
General

Buhari presides over ‘first ever’ virtual FEC meeting

by Freelanews
May 13, 2020
Cash App
General

Cash App Creator Bob Lee Stabbed To Death In San Francisco

by Quadri Olaitan
April 5, 2023
Soludo’s road infrastructure in Anambra
General

Aburime extols Soludo’s holistic approach to Anambra security, calls for public appreciation of strategic thinking

by Freelanews
January 31, 2025
EihquaIWoAEUeZM 1
General

‘Accused of N5000 theft’ Hotel staff stripped naked demand N1bn from ex-minister over assault

by Rtn. Victor Ojelabi
September 24, 2020

Discussion about this post

ADVERTISEMENT

Recent News

Uche Nnaji resignation

BREAKING! Tinubu’s Minister, Uche Nnaji resigns over certificate forgery allegations

October 7, 2025
Super Eagles arrive Polokwane

Super Eagles arrive Polokwane for crucial qualifier

October 7, 2025
Nigerian passport revocation

Senate backs Nigerian passport revocation bill

October 7, 2025
Imisi Ayanwale intimidation

Imisi Ayanwale admits intimidation in BBNaija house

October 7, 2025

Search

  • Trending
  • Comments
  • Latest
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
Abdul-Muiz Olanrewaju Animashaun

Abdul-Muiz Olanrewaju Animashaun remembered with love

September 14, 2025
Taylor Swift deepfake scandal

Taylor Swift faces deepfake scandal as Swifties call for stricter regulation

January 25, 2024
April Wind Couture

April Wind Couture thrives in Nigeria’s tough economy with bold Ankara vision

September 12, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

0
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

0
Meran Primary Health Centre

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

0
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

0
Uche Nnaji resignation

BREAKING! Tinubu’s Minister, Uche Nnaji resigns over certificate forgery allegations

October 7, 2025
Super Eagles arrive Polokwane

Super Eagles arrive Polokwane for crucial qualifier

October 7, 2025
Nigerian passport revocation

Senate backs Nigerian passport revocation bill

October 7, 2025
Imisi Ayanwale intimidation

Imisi Ayanwale admits intimidation in BBNaija house

October 7, 2025
October 2025
MTWTFSS
 12345
6789101112
13141516171819
20212223242526
2728293031 
« Sep    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Follow Us

  • Facebook
  • TikTok
  • YouTube
  • Instagram

Editor’s Pick

  • OGD vs DA
    OGD vs DA: The real story never told
    • August 22, 2025
  • Toyota Sienna harassment
    Why is Lagos State govt harassing Toyota Sienna users?
    • August 19, 2025
  • Otunba Gbenga Daniel
    Who really is Otunba Gbenga Daniel?
    • August 18, 2025

Hot!

Uche Nnaji resignation

BREAKING! Tinubu’s Minister, Uche Nnaji resigns over certificate forgery allegations

October 7, 2025
Super Eagles arrive Polokwane

Super Eagles arrive Polokwane for crucial qualifier

October 7, 2025
No Result
View All Result
  • About Us
  • Contact
  • Advertisement
  • Sitemap

© 2025 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Total
0
Share
0
0
0
0
0
0
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2025 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Discover more from Freelanews

Subscribe now to keep reading and get access to the full archive.

Continue reading