Here’s everything you need to know about the coronavirus stimulus package


The Senate’s massive economic stimulus deal to counteract the coronavirus includes a massive bailout for New York’s transit system and a ban on aid for President Trump’s holdings and those of members of Congress.

The lesser-known provisions were stuffed into the $2 trillion package during marathon negotiations between Senate Minority Leader Chuck Schumer of New York and Republicans, which ended early Wednesday in a deal.

Schumer’s office said Democrats won a $150 billion boost in hospital funding, a $150 relief fund for state and local governments and $25 billion for transit systems.

Of the transit dollars, $4.35 billion is earmarked for New York state of which $3.8 billion is earmarked for New York’s Metropolitan Transportation Authority, Schumer’s office said.

The MTA, which operates city buses and the subway, is cutting service as demand plunges. Subway ridership is down nearly 90 percent.

The ban on aid to Trump family businesses was heralded by Schumer in an early-morning letter to colleagues.

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