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Welcome to another edition of FT Now! We’re going to keep things relatively brief today, and start with one thing you really need to know: Congress and the White House reached a deal on a $2 trillion Coronavirus relief package. Read below to find out what that means for you. In other news, today marks 75 years since the bloody battle at Iwo Jima during World War II. While we’re all hunkered down and practicing social distancing, let’s take some time to remember the heroic sacrifices so many Americans have made before us.
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White House Reaches Deal With Lawmakers on $2 Trillion Coronavirus Stimulus Bill |
What Happened: |
After days of delay and extended negotiations (thanks to Nancy Pelosi and Chuck Schumer), the Senate reached a deal this week on a $2 trillion Coronavirus relief package. |
Why You Should Care: |
The bill is meant to inject stimulus into the economy and help Americans suffering due to the economic impacts of the Coronavirus outbreak, which, let’s be honest, is most people. Senate Majority Leader Mitch McConnell called it a "wartime level of investment into our nation." |
What Happens Next: |
Treasury Secretary Steven Mnuchin said checks should go out within three weeks. If you filed your taxes in 2018, you don’t necessarily need to do anything before getting your check, but it’s worth reading up on how the IRS will determine who gets what. |
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America’s Governors Leading Amid COVID-19 Crisis |
What Happened: |
Our governors are playing a huge role in combating the spread of Coronavirus in America. There are countless examples of governors who have taken - and continue to take - bold steps to ease the pandemic’s effects on American citizens. |
Why You Should Care: |
At a time when Americans need strong leadership more than ever, our governors have stepped up to meet the challenge. This, folks, is why state and local elections matter. |
What Happens Next: |
Our governors continue to do what’s best for the citizens of their respective states. |
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Iwo Jima Ceremony Cancelled Due to Coronavirus |
In other news…Today marks the 75th anniversary of the Battle of Iwo Jima. If there’s ever been a time to remember that many Americans before us have been put through more adversity and been asked to make harder sacrifices, now would be that time.
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For 36 days, 70,000 U.S. troops fought against Japanese forces in what became one of the bloodiest battles in Marine Corps history. And when all hope seemed lost...a symbol was raised and an iconic image became cemented in American history. While the Iwo Jima Reunion of Honor ceremony had to be canceled because of Coronavirus, we owe it to America’s Greatest Generation to remember their sacrifices today.
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