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.
Army vet lawmaker marks Abbey Gate anniversary with blistering message for Biden-Harris: ‘Abject failure’
SEE IT: LA Dem candidates torched by disgusted residents after ‘disgraceful’ debate: ‘Both bad’
Rutgers research dean accused of secretly recording ‘upskirt’ videos with cellphone, prosecutors say
Trump’s $100k Visa Application Fee Plan Is Back and This Time Dems Will Have a Harder Time Stopping It
Trump-Endorsed Mazzei Wins Tight GOP Gubernatorial Primary in Oklahoma
Montana man who killed 4 children, 4 other family members at Sunday dinner was asked to move out: relative
US kills 4 alleged drug smugglers on boat in Caribbean, bringing total to 227 in 68 strikes
California Dems trigger outrage after siding with convicted child sex offenders in shocking vote
Judge in Feeding Our Future case found Ilhan Omar’s relaxed provisions made food program ‘vulnerable to fraud’
Abdul el Sayed’s refusal to broaden appeal draws fears he could spoil Michigan for Democrats
Trump admin pauses visa appointments worldwide amid heightened screening for applicants
Prosecutor in infamous killer mom case says women on Lindsay Clancy jury may bring ‘strange twist’ to verdict
NYC manhunt underway for suspect accused of deadly shootings across 2 boroughs days apart
Trump-endorsed candidate clears key hurdle in red state gubernatorial race
Dolly Parton refused to pick political sides for decades: ‘I’m not in politics, I’m an entertainer’
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.
