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.
California bishop’s alleged secret double life explodes into felony case
FAA Temporarily Grounds All JetBlue Flights
‘A Woke Joke’ – Fans Furious at Hypocrite Bruce Springsteen as Tickets to His ‘No Kings’ Tour Are So Expensive, Only Royalty Can Afford Them
ICE Houston touts over 400 illegal alien child sex offenders arrested during Trump’s first year back in office
Trump’s pick to lead the Federal Reserve meets GOP senator holding up his confirmation
Former DC police officer accused of sexually assaulting 10 women he met on dating apps, in person
Europe flails in response to Iran conflict as Strait of Hormuz closure threatens energy supply
Shots Fired at US Consulate in Canada in ‘Unacceptable Act of Violence’
Jackson-Kavanaugh tensions surface in candid exchange over Supreme Court ‘shadow docket’
Have you seen these people? One of them might be your next president
Mainstream Media Headlines Use Subtle Spin to Hide Truth About ISIS-Inspired NYC Attack
Gas prices surge, pinching Americans and handing the GOP a new midterm headache
Tennessee lawmakers push bill that could make them, and their donors, richer by triggering CVS closures
Trump Promises to Hit Iran ’20 Times Harder’ if it Doesn’t Comply with Demands
U.S. Military Took Out Iranian Who Was Planning to Kill Trump
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.
