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.
Here Comes the Bride – In Water Nearly Up to Her Waist
Arizona voter-law fight reaches SCOTUS as election groups warn ‘absurd’ consequence could ensue
Dunkin’ Opened a Drive-Thru Lane Just for Dogs — And It Was Pure Joy
Well-connected Dem operative learns fate after FBI busts him in child sex abuse sting
California McDonald’s Shootout Turns Deadly as Police Arrive: Turns Out the Perpetrator Was an Employee
How Stepdad Firefighter Learned of 911 Call in Most Painful Way Possible
Ex-Fetterman staffers promise more damaging details after blistering report: ‘Tip of the iceberg’
NJ mayor demands sanctuary policy rollback after baby killed in crash allegedly involving illegal immigrant
Patrick Clancy speaks out after hung jury in Lindsay Clancy case, addresses prospect of another trial
‘Black widow’ allegedly attempted to murder romantic partner, 69, she met online
Armed Florida Owner Shows What ‘Stand Your Ground’ Means as Intruder Attempts to Break Inside
Scientists Discover New Tick-Borne Virus After Spread of Mystery Illness
Squatter nightmare turns DC apartment building into ‘drug haven’ as legal battle drags on: ‘There’s no help’
Maryland’s only House Republican looks to Larry Hogan to help survive redistricting
Missouri AG files petition asking Supreme Court to revive Trump-backed redistricting map
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.
