Skip to main content

What's in the $2 trillion COVID-19 aid package passed by Congress?

The bill was signed off by President Donald Trump on Friday.

A $2 trillion federal package that is designed to help America's healthcare system, economy, and workers amid the coronavirus outbreak passed on Friday.

The Coronavirus Aid, Relief and Economic Security (CARES) Act was approved in both the Senate and the House this week, and was signed off by President Donald Trump on Friday.

Among the measures include a one-time payment to all those earning less than $99,000, amid surging unemployment relating to the various COVID-19 shutdowns.

Here's a look at some of the key spending included in the bill:

Payments to individuals, families – $290 billion

People earning less than $75,000 will receive a one-time cash payment of $1,200. Married couples filing jointly (with income of up to $150,000) will each get a check, as well as a payment of $500 per child.

The payment reduces after the $75,000/$150,000 thresholds, and disappears once it hits $99,000 for individuals and $198,000 for couples filing jointly.

Large corporations – $510 billion

The bill includes a massive loan program to help some of the country's biggest companies stay afloat during the crisis.

Every company that receives a loan will have to pay the government back, and will also be banned from carrying out stock buybacks for the length of the loan plus one year.

It also provides a refundable tax credit for closed or disrupted businesses to keep workers on the payroll, covering 50 percent of the first $10,000 of wages.

Per NPR, the bill includes $58 billion set aside to bailout the nation's airlines, part of which is require to cover employee wages, salaries, benefits etc.

The bill also creates a new position of Inspector General to provide oversight for the allocation of the loans, though President Trump said while signing the bill on Friday that he believe this infringes upon the separation of powers and doesn't consider it binding. It comes after concerns were raised that some of the big business funding could be used to assist Trump's own business empire.

Unemployment payments – $260 billion

There are now more than 3.3 million Americans filing for unemployment, and the unemployment assistance program has been expanded so the out of work get paid more and states receive help dealing with an influx of applicants.

Per the Tax Foundation, the federal government will pay an extra $600 a week on top of what states pay out in unemployment for four months, and also extend unemployment insurance benefits for an extra 13 weeks after state benefits end (Minnesota's is 26 weeks), through Dec. 31, 2020.

The government will also cover the first week of unemployment paid out by states, while unemployment insurance has also been extended to cover the self-employed, gig workers, independent contractors, and those with limited work histories through the end of the year.

Small business loans and grants – $377 billion

Includes $10 billion in grants of up to $10,000 to help small businesses cover immediate operating costs. A further $350 billion has been allocated to provide forgivable loans of up to $10 million to businesses.

NPR notes that if part of the loan is used for payroll, keeping workers on the books, or paying rent, mortgage or debt, that part of the loan is forgiven provided the workers stay employed through the end of June.

Sign up for our BREAKING NEWS newsletters

Hospitals and healthcare – $180 billion

A $117 billion fund has been created for hospitals and clinics responding to COVID-19, according to CNN, as well as $20 billion set aside for veterans care.

Reimbursements for treating Medicare patients with COVID-19 will also be increased 20 percent.

Education – $32 billion

Federally-owned student loans and interest payments are deferred without penalty through Sept. 30.

The government is also allowing employers to provide up to $5,250 in student loan repayments on behalf of their employees, without it counting as income against the employee.

Next Up

Willmar Police Department

Police: Suspect arrested in Willmar after firing gun at officer

The incident led to a manhunt that lasted into early Sunday morning.

Monti Ossenfort

Vikings lead off general manager interviews with Monti Ossenfort

Several candidates will interview for the job this week.

Payton Willis

Gophers' rally comes up short, lose to Iowa

The Gophers came back from a 23-point deficit but couldn't complete the comeback.


Firefighters respond to smoke-filled cabin to find man asleep inside

A wood stove was determined to be the cause of the smoke.

snow plow msp airport

MSP snowplow drivers reach contract agreement after threatening strike

Teamsters Local 320 reached an agreement with the Metropolitan Airports Commission Saturday.

Kellen Moore

What you should know about the Vikings' head coach candidates

Seven candidates were revealed on Saturday morning.

20211010_Vikings_Lions_REG05_1119 (2)

What is the next Minnesota Vikings GM inheriting?

A look at the strengths and weaknesses of the Vikings' roster and situation


Man dies after being 'punched in the head' during altercation in Duluth

A 46-year-old man is in custody and facing 1st-degree manslaughter charges.

Deion Sanders

Deion Sanders says Zimmer, Spielman hadn't spoken 'in months'

Sanders' comments revealed some of the Vikings' issues last season.

police tape, crime scene

Brooklyn Park man pleads guilty in 2020 fatal drive-by shooting

Devon Manley will be sentenced to life in prison with the possibility of parole after 30 years.


Capitol Hill, Washington D.C.

Congress has agreed on a second COVID-19 relief package. Here's what's in it.

The package includes direct payments of $600 and $300 in increased unemployment benefits.

Screen Shot 2020-03-27 at 7.35.52 AM

Legislature passes $330 million COVID-19 bill – here's what's in it

The Legislature had previously passed a $200 million package to fight the virus.

SARS-CoV-2, novel coronavirus

U of M study finds hydroxychloroquine drug doesn't prevent COVID-19

President Donald Trump has touted the drug and said he takes it.


After exposure to Trump, 3 MN congressmen violated Delta COVID-19 policy

U.S. Reps. Pete Stauber, Tom Emmer and Jim Hagedorn flew after being exposed to President Trump and others on Air Force One.

State Capitol.

Legislature passes support package for COVID-hit businesses, workers

The deal will help businesses shut down during Gov. Tim Walz's four-week "pause."

Joe Biden

Here's what's in the $1.9 trillion federal coronavirus relief bill Congress passed

From $1,400 stimulus payments to billions of dollars for Minnesota.


Where does the next federal COVID-19 relief package stand?

Democrats and Republicans have both put out their proposals for a second relief package, but have so far failed to reach an agreement.