Q: Will Americans get a check, and what are they supposed to do with it?

A: If the bill passes, many taxpayers will see one-time payments in their bank accounts as soon as early April. The move is meant to ease the financial burden many families have and encourage spending to bolster the economy. Not everyone will receive the same amounts. Individuals who make $75,000 or less and married couples making up to $150,000 will receive $1,200 per adult and $500 per child. Those whose incomes are higher will see smaller checks. Individuals who make $99,000 or more and couples who make $198,000 or more would not receive a check. Income levels will be based on reported 2018 taxes.

Q: What about Americans who lost jobs because of the outbreak?

A: The package includes up to four months of unemployment benefits.The bill expands coverage to include people who have been furloughed, gig workers and freelancers.

Q: Will this bill help distressed industries?

A: Yes, it would give up to $500 billion in loans to distressed industries.

Q: Will the bill fix the economy and fully address the pandemic?

Q: While the bill is intended to stimulate the economy and halt further market declines, there’s no guarantee it will be a cure-all. Markets surged Tuesday in anticipation of the deal and rose further on Wednesday morning.

Economists believe the U.S. is already in a recession.

Los Angeles Times