Senate passes $2 trillion coronavirus relief bill — House aims for Friday vote

Key Points
  • The Senate passed a $2 trillion economic relief package to respond to the coronavirus pandemic. 
  • It now heads to the House, which hopes to approve it by Friday. 
  • The legislation, approved as waves of layoffs hit workers and hospitals look for resources, may not be the last action Congress takes to help a reeling economy and health-care system. 
Here's what's in the Senate's $2 trillion coronavirus rescue plan
Here's what's in the Senate's $2 trillion coronavirus rescue plan

The Senate passed a historic $2 trillion coronavirus relief package Wednesday night, as it tries to stem the destruction the pandemic has brought to American lives and wallets. 

The chamber approved the mammoth bill — the largest economic rescue package in U.S. history — in a unanimous 96-0 vote after days of furious negotiations, partisan sniping and raised tempers on the Senate floor. The bill now heads to the House, which will push to pass it by voice vote Friday morning because most representatives are out of Washington. 

"This is a proud moment for the United States Senate and for the country and we're going to win this battle in the very near future," Senate Majority Leader Mitch McConnell, R-Ky., told reporters after the vote.

The 880-page legislation includes one-time direct payments to individuals, stronger unemployment insurance, loans and grants to businesses and more health-care resources for hospitals, states and municipalities. It includes requirements that insurance providers cover preventive services for COVID-19.

Read more: Here's what's in the $2 trillion coronavirus stimulus bill

House Speaker Nancy Pelosi expects her chamber will approve the measure in a "strong, bipartisan vote" on Friday, she told reporters Thursday. 

The Senate rushed to pass the sweeping aid bill as data are expected to show a historic spike in unemployment claims after businesses across the country shuttered in an attempt to slow the outbreak's spread. Some hospitals have started to buckle under a flood of patients, asking for critical supplies such as masks and ventilators. 

As of Thursday morning, U.S. coronavirus cases numbered more than 69,000, while deaths have now topped 1,000, according to Johns Hopkins University. 

The chamber approved the plan to combat the outbreak as the crisis started to thin its ranks. Sen. Rand Paul, R-Ky., did not vote after testing positive for COVID-19, and neither did GOP Sens. Mitt Romney and Mike Lee of Utah, both in isolation after contact with their colleague. Sen. John Thune of South Dakota, the second-ranking Republican, also missed the vote after feeling ill. 

While the Senate took precautions Wednesday such as keeping votes open longer to reduce crowding, senators still huddled in groups and chatted.

Senate Majority Leader Mitch McConnell, R-Ky., right, and Senate Minority Leader Charles Schumer, D-N.Y., make their way to the Senate floor after announcing a two-year deal on the budget earlier in the day on February 7, 2018.
Tom Williams | CQ Roll Call | Getty Images

Speaking before the chamber passed the bill, McConnell said the Senate would not return until April 20. However, he said lawmakers would be "nimble" as the evolving crisis could force further action to boost the American economy or health-care system. 

"If circumstances require the Senate to return for a vote sooner than April the 20th we will provide at least 24 hours of notice," he said. 

Before passing the bill, the Senate rejected an amendment proposed by Sen. Ben Sasse, R-Neb., to cap unemployment insurance at a recipient's previous wages. The bill adds $600 per week to the benefits a recipient would normally get for up to four months. Sasse's amendment failed in a 48-48 vote. 

The senator and three of his GOP colleagues threatened to delay passage of the legislation if they could not get a vote on an amendment. Sen. Bernie Sanders, I-Vt., then suggested he could hold up the bill's approval if they did not back down from their opposition. 

While the snag caused fears the bill would not pass, hitting U.S. stock indexes just before markets closed Wednesday, it ultimately did not stop the Senate from approving the proposal. 

The last delay to the bill Wednesday night came as lawmakers added language requiring the Treasury Department to post on its website information about which companies get loans, according to NBC News

In a letter to colleagues Wednesday night, House Majority Leader Steny Hoyer said the chamber will convene at 9 a.m. ET Friday to consider the legislation. The Maryland Democrat said that "in order to protect the safety" of representatives and staff and "prevent the further spread of COVID-19," he and House Minority Leader Kevin McCarthy, R-Calif., expect the House will take a voice vote. 

"Members who want to come to the House Floor to debate this bill will be able to do so. In addition, we are working to ensure that those who are unable to return to Washington may express their views on this legislation remotely," he wrote. 

House approval would send the package to President Donald Trump, who has expressed support for the agreement negotiated by his Treasury Secretary Steven Mnuchin and Senate Republicans and Democrats. 

During a White House coronavirus briefing Wednesday, Trump said he would sign the legislation "immediately" after Congress passes it. 

Lawmakers already approved two pieces of legislation to respond to the crisis: $8.3 billion in emergency medical funding and $100 billion to expand paid leave and unemployment insurance — both of which were dwarfed by the scope of the third package. 

As the pandemic rips through the country, senators signaled they may need to provide more relief. Senate Minority Leader Chuck Schumer, whose home state of New York has been ravaged by the outbreak more than any other part of the country, told reporters the "odds are high" Congress will need to pass more measures.

Subscribe to CNBC on YouTube.