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Congress has approved more than $3 trillion in coronavirus relief. Here's what's happened to it

Posted On: Jun 4, 2020   |   Posted By: WGN TV

Congress has approved more than $3 trillion in coronavirus relief. Here's what's happened to it

In March, Congress authorized trillions of dollars in spending to help address the economic crisis caused by the coronavirus pandemic - much of it aimed at getting cash into people's hands immediately to help them pay their bills and buy groceries.
It called for sending direct payments to most Americans and expanded unemployment benefits, and included emergency grant and loan programs for small business owners as well as tax cuts, loans and other subsidies.
Yet only about half of the economic support authorized by legislation since early March has gone out the door, according to the Committee for a Responsible Federal Budget, a think tank tracking the spending .
Stimulus money was the first out, and it more than made up for many Americans' loss of income. Total income rose 13% from February to April when accounting for the direct payments and unemployment benefits. But for the most part, the initial wave of aid hasn't helped bring back jobs , and there's concern the economic boost will peter out by the end...

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