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.
Trump says ‘America needs God’ in Good Friday message touting ‘resurgence of religion’
Watch: DEI-Obsessed Sky News Reporter Claims Moon Landings by ‘All White Men’ Didn’t Represent Humanity
Pro-Lifers Shred Trump Admin’s Biden-Era Title X Extension as ‘Inexplicable Slap in the Face’
Trump Admin Declares War on Microplastics in Drinking Water
Trump Executive Order Aims to Save College Sports, Limit Athlete Transfers
Artemis II astronauts nearly halfway to the moon; NASA shares stunning photos from Orion spacecraft
California 4-year-old boy survives attack by coyote that bit and tried to drag him away
Trump requests over $10 billion for DC infrastructure and National Guard deployment
Colorado lawyers say court e-file system now makes them certify they won’t assist ICE
Patel, McCormick warn foreign terror threats inside US grew during Biden years
Trump gives rare praise to persistent GOP foe after White House ballroom vote
Illegal immigrant accused of murdering wife in Texas just weeks after marriage, ICE fights release
Nebraska Senate candidate restructures campaign after complaint over payments to family: report
Legendary Fleetwood Mac Guitarist Lindsey Buckingham Attacked with ‘Unknown Substance’ in California
‘It’d Be Better Not to Talk About it at All’: Mamdani’s Good Friday Message Draws Backlash from Christians
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.
