President Donald Trump and Congress reached a deal on the terms for a $2 trillion emergency relief bill to address the economic impact of the ongoing coronavirus outbreak, early in the morning on Wednesday.
Politico reported:
Lawmakers and the Trump administration reached an agreement on a nearly $2 trillion coronavirus emergency rescue package, a move intended to assist businesses and millions of Americans amid an unprecedented halt in the economy.
The announcement caps five days of tense negotiations between senators and the White House. Both the Senate and House still need to approve the bill before sending it to President Donald Trump for his signature.
The president had sounded an optimistic tone in his briefing for reporters at the White House on Tuesday evening, though Republicans had been scathing in their criticism of Democrats for blocking Senate passage of a relief bill that had been agreed to by the two parties on Sunday.
Judge allows DOJ to release Ghislaine Maxwell grand jury transcripts
House Democrat drops re-election bid after Texas redraws congressional map
GOP lawmaker unveils bill to ensure fathers shoulder 50% of pregnancy expenses
University of Oklahoma removes professor for alleged discrimination related to TA who gave Christian student 0
Unexpected Twist: Cinnabon ‘Karen’s’ Backstory Comes Out and Blows Huge Hole in Left’s ‘She’s a Hateful Bigot’ Narrative
Jasmine Crockett’s Finances Exposed – Subject to Personal Liens While She Spends $50k-100k of Taxpayer Cash on Limos, Luxury Hotels Just This Year
Murdaugh retrial hopes dim as ex-AG says Becky Hill’s guilty plea won’t sway high court
Federal judge refuses to release pro-Trump clerk convicted in 2020 election scheme
Marjorie Taylor Greene says she will vote ‘NO’ on proposed NDAA, blasts foreign aid spending
Future of Hamas hazy after devastating war and unstable peace
Man Behind App That Helps Illegals Evade ICE Now Suing Bondi, Noem, Homan After Apple Took it Down
Somalians Accused of Another Mass Medicaid Fraud Operation in Maine: Whistleblower
FBI hunts Michigan woman accused of stealing nearly $30M while posing as aircraft heiress
New dark money network could exploit campaign finance loophole banning federal contractors from spending on politics
Jasmine Crockett uses Trump’s ‘Low IQ’ insults to launch her Texas Senate campaign in debut ad
Speaker of the House Nancy Pelosi (D-CA) had introduced her own version of a relief bill on Monday afternoon, loaded with pork for Democrat special interests and with demands to restructure the voting system to suit her party’s preferences.
Senate Minority Leader Chuck Schumer (D-NY) described the terms of the new deal as including “unemployment compensation on steroids” that would reimburse laid-off workers for their lost salaries, and guarantee furloughed workers their full benefits so that businesses could re-open when the coronavirus crisis was over.
There were also provisions for supporting small business, and for a special inspector general to oversee the administration of funds.
A vote must be taken in both houses before the president can sign the legislation. The Senate will reconvene at 12:00 p.m. on Wednesday.
The Dow Jones Industrial Average rose more than 2,000 points on Tuesday — its largest gain in percentage terms since 1933 — on expectations of a deal, and after statements by the president that the economy might slowly re-open by Easter.
Story cited here.
