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US passes coronavirus relief

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. 

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US passes coronavirus relief
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