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 envoy warns China’s power move at sea is threat ‘we cannot afford to ignore’
Socialists set sights on Taylor Swift after ‘tacky’ NYC wedding sparks left-wing backlash
Trump ordered to pay $5.8 million to E. Jean Carroll as judge rejects request to delay payout
DOJ records reveal possible classified security lapses inside Jack Smith’s office during Trump prosecution
Authorities searching for K2 cargo plane crew that disappeared near Pakistan
Bombshell: Platner Girlfriend Says He Would Secretly Remove Condoms During Sex When She Wasn’t on Birth Control
On Same Day as Platner Bombshell, Another Dem Sex Scandal Explodes – Candidate Allegedly Shoved Hand Down Victim’s Trousers, Fondled Him, and Worse
Top Dem admits Trump ‘wisely’ made critical demand to NATO allies: ‘Love and hate relationship’
Leftist California group pushes to add ‘Black English’ to schools’ multilingual education program
Officers in Maryland respond to reported assault, discover guns and unusual group of animals
Watch: US Conducts Massive Strikes, Hits 80 Targets After Iran Attacks Ships in Strait, This as Trump Says Ceasefire Is Dead
DOJ Puts Election Officials in All 50 States on Notice: Prevent Noncitizen Voting or Else
Erika Kirk comforts a stranger in tears during hearing for husband’s accused assassin Tyler Robinson
Shipping through Strait of Hormuz declared dangerous with Iran ceasefire in jeopardy
Platner campaign putting ‘thumb on scale’ to influence possible replacement, Maine Dem alleges
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.
