The White House and Senate leaders came together on an agreement for the $2 trillion coronavirus spending bill that aims to prevent the nation from falling into a deep recession.
Under the plan, people making up to $75,000 a year are expected to receive checks for $1,200, while couples making up to $150,000 would receive $2,400, with an additional $500 per child. Payments decrease for people who make more than $75,000, with an income cap of $99,000 per individual or $198,000 for couples.
In addition, the bill is expected to include roughly $100 billion in assistance for hospitals, $350 billion to assist small businesses, $500 billion for corporations, and about $150 billion for state and local stimulus funds.