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.
Dead felon voting controversy grows as ‘Betty No Last Name’ surfaces in Spanberger’s rights restoration push
Bombshell: Ex-Wife Levels New Rape, Incest Accusations at Hugh Hefner, the Man Who Mainstreamed Pornography
Libertarians challenge Trump-backed Republicans, look to shake up midterms beyond GOP-Dem duopoly
OpenAI Sued for Wrongful Death After ChatGPT Allegedly Convinced Woman to Change Medication
Obama admin first launched the investigation into Ilhan Omar’s alleged brother marriage
Ex-chief says Christa Pike was ‘almost giddy’ describing murder as governor weighs in after botched execution
Maine, Kansas Senate races neck and neck as Democrats lead in Texas, Michigan, poll shows
Lindsay Clancy’s lawyer denies she’ll testify about homicidal thoughts in ex’s suit against her doctors
What comes next for Mary Peltola as her campaign faces decoy investigation
AG Todd Blanche Calls a Spade a Spade on Alaska Dems: ‘They Are Cheating’
Alaska Governor Orders Investigation Into Alleged Dem Ballot Plot to Trick and Confuse GOP Voters
Israeli top election official orders Shin Bet to investigate allegations of foreign interference with Arab vote
Bolsonaro declares himself ‘leader’ of Brazil after fleeing country, arriving in Miami
Judge rejects DOJ request to block California from immediately counting ballots linked to alleged noncitizens
Fiance of Dem Who Lost to El-Sayed in Close Primary Announces He’s Voting For His GOP Challenger Because of Anti-Semitism, Libs Flip
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.
