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.
Naked woman allegedly assaults deputy while intoxicated, claims she was ‘trying to be a mermaid’
Chinese national charged with photographing US stealth bomber base after illegal entry
Breaking: 2 Shot in Oregon After Trying to Run Over Border Patrol Agents
FLASHBACK: Jill Biden visited Minnesota to tout billions in childcare spending during husband’s administration
As Desperation Intensifies and Protesters Surge, Iran’s Gov’t Has Cut Off Internet Access Across Entire Country
Blue state’s billionaire exodus about to get much worse in 2026, insider warns
Trump Boom Continues as GDP Shoots Up, Trade Deficit Plummets to Lowest Level Since 2009
Attorney Adamantly Declares ‘Nick Reiner Is Not Guilty of Murder’ After Suddenly Quitting the Case
US struggles to rein in Syrian allies as Kurds and government come to blows in Aleppo
GOP bets Minnesota fraud scandal will buoy long-shot bid to flip Senate seat
Newsom touts California’s numerous legal fights with Trump administration in final State of the State address
Fox News Politics Newsletter: Jeffries slams Noem over Minneapolis shooting response
ICE Arrests Somali Illegal Alien Sex Offender in Minneapolis – Tim Walz Let Him ‘Prowl the Streets’ for Years
Watch: White House Fires Back Against Jimmy Kimmel’s ‘Sick Depravity’ in Wake of Minneapolis Shooting
Fox News ‘Antisemitism Exposed’ Newsletter: Rubio takes aim at Israel’s enemies in Venezuela
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.
