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.
Dem handlers lash out when Ramaswamy staffer confronts their boss about debate: ‘No pictures’
Blue state governor’s pardon of convicted felon torpedos a major Supreme Court immigration fight
This Couple Trapped Children in a Trailer for Years: Now Florida Is Seeking the Death Penalty
Abdul El-Sayed touts ‘whole a–’ medical credentials while defending sex changes for children
God Took Me from Deformity, a Basement, and Agoraphobia to the Atlanta Hawks Locker Room
Any ‘Iran Deal’ Must Include Justice for American Victims of State-Sponsored Terrorism
Liberal Donors, Corporate Interests Conspire to Help Left-Leaning Republicans in Deep Red Wyoming
White House unloads on violent ‘criminal alien’ nabbed after investigators uncover election offense
NBC beefs up security at ‘Today’ studio after Nancy Guthrie kidnapping, intruder incident
What does ‘Never Forget’ mean for a generation with no memory of 9/11?
If the US cuts funding to Israel, could Jordan and Egypt be next?
Have the Left and Right switched places on globalization and consumerism?
PBS’s ‘Marble Hall Murders’ features lovely locales, artful acting, and transfixing twists
Trump says he would ‘love’ to see Ireland unified as one nation
New York City Council pushes bill to take press passes away from ‘Mangionistas’
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.
