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 he plans to order federal ban on Anthropic AI after company refuses Pentagon demands
DHS funding stalemate thaws as White House sends Democrats ‘serious’ counteroffer
‘The Earth Shook’: Geologists Say They Have Confirmed Earthquake Around Time Of Jesus’ Death as Quoted in Scripture
Fox News True Crime Newsletter: New Nancy Guthrie video, Caleb Flynn’s charges, missing mom arrested
Curriculum Standards Should Mandate that Teachers Teach the Truth About Socialism
ICE arrests illegal immigrant training as Pennsylvania corrections officer suspected of rape
GOP Rep Nancy Mace introduces ‘Death Penalty for Child Rapists Act’
Nancy Mace says ‘unhinged’ Hillary Clinton erupted during closed-door Epstein deposition
Starmer blasts ‘extreme’ and ‘sectarian’ Green Party after brutal election defeat
BREAKING: Hillary Clinton Reportedly Started ‘Screaming’ and Became ‘Unhinged’ During Epstein Deposition, Which Is Set to Air on C-SPAN
DOJ indicts 30 more people in Minnesota church storming case
Nancy Pelosi Makes Absurd Claim That Trump Hates America: Presidents Have ‘All Been Patriots Until Now’
Susie Wiles’ lawyer denies approving FBI recording, says he’d lose license over ‘stunt’
Watch: Doorbell Camera Catches Toddler Barely Escaping Aggressive Coyote in the Middle of Los Angeles County
Agency that nabbed ‘El Chapo,’ ‘Diddy’ threatened as Democrats’ DHS shutdown drags on
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.
