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.
NYC woman critically injured after being stabbed multiple times while jogging along Brooklyn waterfront
Democrats’ self-inflicted wounds threaten high-stakes Michigan Senate race
Tough Time Finding an Affordable Car? Thank Obama’s Destruction of 680k Working Vehicles in 2009
Texas Claims 9 Rio Grande Islands in Power Move to Deny Cartels Safe Havens
How House Democrats’ ‘deterrence message’ on Trump jobs could backfire
Outrage Erupts Over Minnesota Election Official’s Message on ‘Somali TV’: Doesn’t This Mean Illegals Can Easily Vote?
Pollster Who Predicted Clinton Landslide Against Trump Says GOP Can Still Win Midterms: ‘Lot of Winning Combinations’
Veteran Dem operative says subpar GOP candidates poised to hand over Senate majority
Trump prosecutions under Biden set precedent for DOJ’s Alaska ‘Decoy Dan’ probe, ex-FEC chair says
Biden Propaganda Exposed?: Arrested ‘Shadow Gov’t’ Ex-FBI Official May Have Helped NBC Bury the Hunter Biden Laptop Story
Surface-to-Air Missile System Deployed at Mar-a-Lago: ‘Heightened Threat Environment’
Major US children’s hospital opens historic detransition clinic after $10M legal showdown
Who are Ilhan Omar’s lawyers? Meet the high-powered Dem attorneys the embattled rep hired
El Sayed asks Haley Stevens to stay away from campaign events in dramatic 11th-hour feud escalation
Why the Ilhan Omar saga isn’t going away
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.
