COVID-19FinancialRegulatory

President Trump Signs $2 Trillion Coronavirus Rescue Package Into Law

March 27, 2020 / Claudia Grisales, Kelsey Snell, Susan Davis, Barbara Sprunt

Updated at 4:50 p.m. ET

President Trump has signed a historic $2 trillion economic recovery package into law Friday afternoon, shortly after the House of Representatives approved the bill.

In an Oval Office ceremony Friday, the president thanked Republicans and Democrats “for coming together, setting aside their differences and putting America first” to pass the legislation. Trump was joined by Senate Majority Leader Mitch McConnell and House Republican Leader Kevin McCarthy. No Democrats were present at the signing.

The package will offer relief to state and local governments, individuals, small and large businesses, and hospitals affected by the coronavirus crisis.

The bipartisan legislation, known as the CARES Act, is the third aid package from Congress this month to address the growing pandemic.

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Josh Sandberg

Josh Sandberg is the President and CEO of Ortho Spine Partners and sits on several company and industry related Boards. He also is the Creator and Editor of OrthoSpineNews.

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