CORONAVIRUS: President Donald Trump signs a $484 billion economic relief package in Washington's latest bid to stave off the crushing effects of the coronavirus shutdown, Friday, April 24.
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READ MORE: President Donald Trump signed a $484 billion bill Friday to aid employers and hospitals under stress from the coronavirus pandemic that has killed more than 50,000 Americans and devastated broad swaths of the economy.
The bill is the latest effort by the federal government to help keep afloat businesses that have had to close or dramatically alter their operations as states try to slow the spread of the virus. Over the past five weeks, roughly 26 million people have filed for jobless benefits, or about 1 in 6 U.S. workers.
Trump thanked Congress for “answering my call” to provide the critical assistance and said it was “a tremendous victory.” But easy passage of this aid installment belies a potentially bumpier path ahead for future legislation to address the crisis.
Trump said most of the funding in the bill would flow to small business through the Paycheck Protection Program, which provides money to small businesses to keep workers on their payrolls.
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