US passes coronavirus relief

By Lachlan Maddock
 — 1 minute read

The multi-trillion dollar relief package includes billions for business bailouts and income support for Americans. 

The S&P 500 and the ASX rose ahead of the announcement of the US$2 trillion dollar package, which has just been passed by the Senate. 

It guarantees payments of up to $1200 for each adult and a boost to unemployment payments, as well as a $500 billion pool of taxpayer fund for states or businesses damaged by the coronavirus. Airlines and businesses important to national security will also receive bailouts. 


More to come. 


US passes coronavirus relief
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