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.
Utter Humiliation: Watch Dem Rep Ask 100 People at Black Church to Raise a Hand if They Don’t Have ID – What Happens Next Is Priceless
Jasmine Crockett Attempts to Defend Ketanji Brown Jackson by Playing the Race Card, Accidentally Proves Conservatives’ Point
Pam Bondi already fired as attorney general, Cabinet official teed up as replacement: sources
Schumer, Jeffries sue Trump, accuse him of trying to ‘rig’ mail-in voting
Priceless Video: Hospice Fraudsters in CA Rip Down Sign, Flee in $200k Mercedes When Nick Shirley Pays ‘Friendly’ Visit
Nazi Tattoo-Wearing Democrat Sen. Candidate Previously Talked About Jesus Being a ‘Zombie’ and Mary a ‘Skank’
Expert flags ‘disappointing’ questions from justices in Trump birthright citizenship case
Passengers screamed ‘turn around’ as flames shot from Delta jet engine moments after takeoff
ICE nabs alleged machete-wielding MS-13 gangster wanted for murder: ‘the witch’
Religion of Peace: Man Who Tried to Take Out Synagogue Using Explosive-Packed Truck Was Dearborn-Area Muslim Acting for Hezbollah
Ex-counterterrorism chief says Trump must restrain Israel before he can declare victory in Iran
Former Rep. MTG vents that she’s ‘so beyond done,’ characterizing Trump’s address as ‘WAR WAR WAR’
Earthquake rattles northern California major cities
FLASHBACK: Dem senate candidate was critical vote in confirming judge who tied voter ID to ‘White supremacy’
Once a Kamala Harris donor, this Arkansas Democrat is steering clear of the former vice president
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.
