Nancy Pelosi Vows $2.2T Relief Bill Will Pass On Friday

Speaker Nancy Pelosi vowed on Thursday that the massive $2.2 trillion Coronavirus relief bill will pass quickly through the lower chamber on Friday "with a strong bipartisan vote."

It's also expected that President Trump will sign the bill immediately.

According to The Hill, the bill will give up to $1200 in cash payments for individuals, and even more for families. It will also expand unemployment insurance by $250 billion, and offer up more than $350 billion to small businesses affected by the outbreak. Bail out industries like hospitality and airline industries could see up to $500 billion in assistance.

"We will have a victory tomorrow for America's workers. If someone has a different point of view, they can put it in the record," Pelosi said.

This all comes after the unemployment claims in the U.S. surged to record numbers...

The Labor Department just reported a record 3.2 million claims were filed last week alone - more than quadrupling the previous one-week record of 695,000 set in 1982.

“We may well be in a recession,” said Federal Reserve Chair Jerome Powell on NBC’s “Today” show. “The first order of business is to get the virus under control and then resume economic activity.”

For more information, check out The Washington Post.

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