Here’s What’s in the $2 Trillion Rescue Package
Senate struck deal on coronavirus stimulus. Senate Democrats have reached a deal with the Trump White House and Senate Republicans on a massive $2 trillion coronavirus stimulus package that is targeting relief toward America’s workers, hospitals, industries, and state and local governments.
Now that a deal has been reached, Senator McConnell will likely move quickly to get the bill to the floor and passed Wednesday before the bill lands on President Donald Trump’s desk ready to be signed.
What NJ Residents Need to Know
About the stimulus package. Gov. Phil Murphy said Wednesday morning the bill will “unquestionably” help New Jersey “on the economic side.” “It will help our hospitals financially,” Murphy said. “It will help the folks who have lost their jobs. It will help small businesses. It’s desperately needed. There’s nothing like the federal government coming in to play an outsize role.”
Did You Know?
Restaurant closings inflict collateral damage on other businesses. Fishermen, florists, bakers and farmers are just a few of the many Americans struggling to find new revenue sources as dining rooms shutter. Some businesses that serve restaurants have already laid off workers, driving a nationwide surge in new unemployment claims that labor experts predict will total between 1 million and 2.25 million for last week alone.
Restaurant workers on how their lives have been changed by the coronavirus. Many servers, baristas, and bartenders have already been laid off. Now they’re looking to the government for help. This precaution cuts down on foot traffic but also means lower wages for staffers who rely on tips to make ends meet.