The U.S. Senate voted March 25 overwhelmingly in favor of a roughly $2 trillion package to provide economic aid to American citizens and businesses affected by the coronavirus pandemic.

Senators voted 96-0 to pass the $1.8 trillion coronavirus relief bill, which would provide cash relief to workers who make up to $75,000 per year: $1,200 for individuals and $2,400 for married couples, with an additional $500 for each child, as well as four months of enhanced unemployment insurance.

The bill also provides hundreds of billions of dollars to U.S. businesses decimated by widespread layoffs and closures, including $500 billion in loans or investments to corporations as well as $350 billion to small businesses.

"This isn't even a stimulus package," Senate Majority Leader Mitch McConnell said of the legislation. "It is emergency relief. That's what this is."

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The White House and Senate leaders agreed on the outline of the bill in the early hours of March 25, but later in the day, a number of Republican senators expressed opposition to a provision to increase unemployment insurance by $600 per week for up to four months. Sens. Lindsey Graham, R-S.C.; Tim Scott, R-S.C.; Ben Sasse, R-Neb.; and Rick Scott, R-Fla. introduced an amendment to slash the proposed unemployment benefits.

The amendment, which needed 60 votes to pass, failed in a 48-48 vote.

The bill now moves to the Democrat-controlled House of Representatives. The chamber will convene March 27 to consider the bill and is expected to hold a voice vote due to movement restrictions in some states and a number of members under self-quarantine.

Both large corporations and small businesses have clamored for relief from the federal government amid widespread closures, operation suspensions and travel restrictions. Economists are projecting record job losses in March, while analysts widely expect a U.S. and global economic recession.

President Donald Trump has made restarting the U.S. economy and getting health workers back to their jobs a priority as he grapples with a stock market that has bottomed out at points to levels lower than when he took office in January 2017.

"Though the stimulus funds will kick into high gear over the next two quarters providing a crucial floor for the economy, they will not prevent a recession in the near term, and Congress will have to do more," Bernard Yaros Jr., an economist with Moody's Analytics, said in an interview.

"However, this financial assistance shouldn't be a one-time occurrence but should rather be provided each month for at least as long as much of the country is on lockdown," Yaros said.