$2 trillion relief package to become biggest in US history

The bill will direct payments to 90% of American taxpayers, with $1,200 going to individuals who earn less than $75,000.
1:21 | 03/26/20

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Transcript for $2 trillion relief package to become biggest in US history
So many Americans struggling with unemployment caused by Kobe's nineteen and waiting for some relief from congress. Quality tales of the bill are still being ironed out it will be massive so let's take a look. At what we know by the numbers the nearly two trillion dollar relief package will be bigger than the one point four trillion dollar discretionary budget plan for the entire federal government in 22 money. It's also more than the 787. Billion dollar stimulus plan passed in 2009 to combat the Great Recession. The center of the current bill direct payments to some 90% of American taxpayers with a 12100 dollars each individuals who are less than 785000 dollars. We're 2400 dollars for a couple earning up to 150000. Dollars an added 500 dollars per child will also be given. 215 billion we'll go to a dramatic expansion of unemployment benefits extending current unemployment by thirteen weeks would boost in benefits. More than 350 billion will go to emergency loans for small businesses and 425. Billion will fund. And give cash to big companies including an additional 75 billion. It's very industries hit hardest including airlines and hotels with some strict conditions and oversight. By comparison the 2009 bailout of the American auto industry cost about. Eighty billion dollars with most of it eventually paid back to the government we'll be sure to stay tuned for the latest details as the bill gives finalized.

This transcript has been automatically generated and may not be 100% accurate.

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