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.
DHS says ICE agents will not be at polling places during midterms
Trump admin says VA benefits claims backlog below 100K for first time in 6 years: ‘Record levels of service’
Trump administration blocks Venezuela from paying Maduro’s legal bills amid federal charges
Murder suspect in Baltimore robbery spree was on probation, records show
Authorities preparing to return home of Nancy Guthrie back to family: report
Toddler flees in terror as coyote chases him outside California family home in broad daylight
Ex-Air Force pilot arrested for allegedly training Chinese military pilots without authorization
Some of the most notable guests at Trump’s 2026 State of the Union: photos
Senators Sanders and Mullin clash in heated Senate hearing exchange: ‘You’re part of the problem’
Trump’s fraud czar nominee touts Minnesota blueprint to root out Obamacare fraud, senior scams
Trump’s ‘war on fraud’ draws range of reactions during SOTU speech
Former top Harris adviser ignites backlash over ‘political props’ comment targeting USA men’s hockey team
The Laundering of Iran’s Atrocities: How Western Voices Became a Shield for the Islamic Republic’s Mass Killings
Capitol Tea: Jim Justice, of Babydog fame, offers to take over Tillis dog parade
Karoline Leavitt Drops List of Policies Dems Wouldn’t Stand For, Including Voter ID and Fewer Murders
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.
