House passes $2 trillion coronavirus stimulus bill, which includes direct payments to Americans and business loans

House passes $2 trillion coronavirus stimulus bill, which includes direct payments to Americans and business loans
Insure Covid

The House of Representatives passed the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, on Friday, moving the $2 trillion stimulus measure to the White House for President Donald Trump to sign.

The legislation passed just before 1:30 p.m. ET after more than three hours of debate. Relief set out in the measure includes direct payments of $1,200 to millions of Americans, strengthened unemployment benefits, and hundreds of billions of dollars in loans for struggling businesses.

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