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 Iran framework gambles on diplomacy despite warning Tehran will ‘lie and cheat’
Dem Senate hopeful under fire for resurfaced comments calling cops ‘opportunistic cowards’
JD Vance says he and Joy Behar are ‘best friends now’
Illegal immigrants among 15 charged in $1.4 million Massachusetts benefits fraud crackdown
Here It Is: The Full Text of the US-Iran Agreement Trump Signed at Versailles
Soros Puppet, Philly DA Caught Doing Shocking Favors for Murderers – So Inappropriate That PA Supreme Court Is Intervening
Lawmakers scramble after Trump derails bid to revive key counterterrorism tool days after FBI thwarts UFC plot
Supreme Court unanimously strikes down gun law used to prosecute Hunter Biden
Jason Whitlock: Gregg Popovich’s ‘Communist’ Politics Gave Spurs Star a ‘Victim’ Mentality
‘I’m Going to Rip Your Teeth Out’: UK Code Enforcement Officer Freaks Out During Mohammed Discussion
Interior Department heralds algae treatment in Reflecting Pool, comparing it to ‘destroyed’ Iranian navy
LDS church celebrates delivering 6.5M meals across all 50 states for America250 anniversary
Gilgo Beach serial killer Rex Heuermann kept ‘Dexter’-style kill room but wasn’t as smart as he thought: DA
Several Trump-Endorsed Candidates Score Big Primary Wins, One Suffers a Close Loss
Hegseth announces 6-month review of American forces in Europe, blasts NATO allies for putting troops ‘at risk’
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.
