By Kim Khan
- The U.S. House of Representatives passed the $2 trillion coronavirus fiscal stimulus package Friday, approving the bill with a voice vote.
The bill cleared its final legislative branch hurdle and will now be sent to President Donald Trump, who has promised to sign it into law.
The S&P 500 was down 3.03% after the vote. It had been down about 3% before the vote, but the market has rallied sharply for three-straight days when it became clear Republicans and Democrats had reached a deal for a rescue package.
The package includes direct payments to taxpayers, beefed-up unemployment benefits and $500 billion for industries hit hard by the impact of Covid-19 pandemic.
