scorecardHere's how the government wants to spend $2 trillion to protect the economy from coronavirus' effects
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  4. Here's how the government wants to spend $2 trillion to protect the economy from coronavirus' effects

Here's how the government wants to spend $2 trillion to protect the economy from coronavirus' effects

Nearly half of the bill's total aid is set aside for business loans.

Here's how the government wants to spend $2 trillion to protect the economy from coronavirus' effects

Direct payments to lower- and middle-income Americans will reach $1,200 for each adult and $500 for each child younger than 17.

Direct payments to lower- and middle-income Americans will reach $1,200 for each adult and $500 for each child younger than 17.

Sums will be delivered through direct deposit if such information was included in individuals' tax returns, and otherwise reach Americans in the form of a mailed check.

Payments will be available for single filers who made less than $75,000 per year and married households taking in less than $150,000. The total amounts paid decline by $5 for every $100 in annual income above the set levels. The Treasury will refer to either 2018 or 2019 tax returns for income information.

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The payments won't be available for those without social security numbers or for nonresidents. Those without income or whose only income comes from benefit programs are still eligible for payments.

Hospitals and healthcare providers will receive a $100 billion injection.

Hospitals and healthcare providers will receive a $100 billion injection.

Billions more will be set aside for testing supplies, equipment, and additional payroll aid.

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The legislation vastly expands jobless benefits, extending insurance to four months and adding $600 to weekly payments on top of what state programs pay out.

The legislation vastly expands jobless benefits, extending insurance to four months and adding $600 to weekly payments on top of what state programs pay out.

Weekly jobless claims spiked to a two-year high in the week ended March 14 as businesses hit by the virus's fallout began laying off workers. Economists project the week ended March 21 to show an even more alarming increase. Citigroup expects the metric to surge from 281,000 to 4 million as the virus drags economic activity to a snail's pace.

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States will receive $400 million to bolster election programs ahead of 2020 voting.

States will receive $400 million to bolster election programs ahead of 2020 voting.

Several states postponed primary elections to avoid large gatherings and potential virus spread. The funds are set to expand online voter registration, early voting, and vote-by-mail programs.

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Ticketing platform StubHub has put 450 employees on unpaid leave until as late as June, as coronavirus cancels concerts, games and other live events

You can read the full text of the bill below:

You can read the full text of the bill below:

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