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 Reveals Historic Number Illegal Aliens Left the US in 2025 – Deportations Were Just a Fraction
Fox News ‘Antisemitism Exposed’ Newsletter: NYC braces for British-style taxes, antisemitism
Democratic Congresswoman Accused of Joining Riot and Attempting to ‘Impede Law Enforcement Officers’
Ex-Kentucky sheriff admits to shooting judge but claims he ‘had no control’ over actions: report
Leftist Code Pink founder praise for Marjorie Taylor Greene stuns social media
Trump declares support for Cabinet official after report he is considering replacement
Local News Claimed Somalis Add to the State Economy, Then the Internet Did the Math – It Didn’t Add Up
Mamdani Vows to Let Homeless Roam Free, Republican Accuses Him of Leaving Them ‘To Freeze… on the Streets’
Philadelphia teachers partner with organization under congressional investigation for terrorism ties
Democrats target ‘vulnerable’ Republican senators ahead of high-stakes health care showdown
New Jersey’s medically assisted suicide law only covers state residents, appeals court rules
ICE accuses Dem lawmaker of joining ‘rioting crowd’ in Arizona, interfering in mass arrest
Trump rips Indiana GOP leader over redistricting fight, warns Republicans could face ‘MAGA primary’
Human skull, other remains found in bushes by Brooklyn’s Coney Island as investigators work to unravel mystery
Trump administration establishes militarized zone in California: “Strengthen border security operations”
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.
