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Coronavirus

US Senate introduces coronavirus bill to pay individuals $1,200

Those earning above $99,000 will not receive aid

The American Flag flies at the U.S. Capitol Building on Capitol Hill in Washington, U.S.   © Reuters

WASHINGTON (Reuters) -- U.S. Senate Majority Leader Mitch McConnell introduced emergency legislation on Thursday to stem the economic fallout from the coronavirus pandemic, and Republicans and Democrats agreed to meet on Friday to seek an agreement.

The $1 trillion-plus package will include direct financial help for Americans, relief for small businesses and their employees, steps to stabilize the economy and new support for healthcare professionals and coronavirus patients, McConnell said.

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