Madison (WKOW) — Congressional leaders and the White House have reached a deal on a massive coronavirus relief package.
It’s the latest effort to help jolt the struggling economy.
Full details have not been released yet, but here’s what we know so far:
- This is a $2 trillion proposal, one of the most expensive and far-reaching measures in the history of congress.
- $250 billion will be used for direct payments to individuals and families.
- $350 billion is set aside for small business loans.
- $250 billion is for unemployment insurance benefits.
- $500 billion will be loaned out to distressed companies.
We will post more information as it becomes available.
