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.
Fort Hood soldiers shift to underground training to prepare for battlefield medical care
Local Dem leader says he was not ‘an aggressor’ after arrest for hitting man with bullhorn at ‘No Kings’ rally
NYPD cop’s killer convicted of manslaughter, not guilty of murder after split jury ordered to deliberate more
Sham Philadelphia coffee shop hiding crack operation busted in sweeping raid, 17 arrested: AG
Behind the scenes of Congress’ eleventh-hour rush to fund the DHS
Trump says Iran ‘no longer a threat’ after 32 days — outlines next phase of US war
FBI investigated former Capitol Police officer in Jan. 6 pipe bomb case, filings say
Illegal Alien Charged with Murdering 3-Month-Old Infant
Listen: Ketanji Brown Jackson Sparks Derision During Supreme Court Oral Arguments with Bizarre Tangent About Stealing Wallets
This Video Is Repulsive: White Wokester Says He’s Scared to Go Into Store Because Too Many White People Are Inside – His Last 7 Words Are Priceless
Poll Finds Majority of Americans View Democrats as an ‘Open Borders’ Party
Trump administration makes major move to relieve ‘unfair burden’ on DHS workers as shutdown drags on
WATCH: Robert De Niro brushes off ‘Trump Derangement Syndrome’ label hurled by critics
Fox News Poll: Broad anxiety about AI doesn’t extend to jobs
Trump’s address to the nation: Burning questions on Iran, the Strait of Hormuz, and NATO
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.
