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.
Judge Overseeing Maduro Case in New York Dies Before Trial
ALERT: Dominion-Related Lawsuit Dismissed Against Patrick Byrne Over ‘The Deep Rig’ Film – No Legal Basis for Key Claim
Woman wearing burka escorted out of Florida county meeting after playing call to prayer recording
Manhattan 9/11 Memorial Desecrated by Anti-Second Amendment Radical
Dem AG’s ‘too many golf courses’ remark goes viral as critics tee off
Police Arrest 3 They Say Planned to Carry Out Mass Shooting at Georgia High School
Fifteen charged in DC drug bust for transnational meth and GBL trafficking ring
Dueling rallies thrust deep-red Lone Star town into the center of the political universe
‘Radical Left Lunatic’ judge Trump wanted impeached takes up Ilhan Omar warrant fight
Mary Peltola’s campaign, Dems backed covert scheme to field spoiler candidates in Alaska Senate race: report
FBI reports 67% jump in violent crime arrests under Trump compared to Biden’s final months
Mary Peltola and ‘Decoy Dan’ Sullivan face collusion accusations as DOJ investigates Alaska Senate campaign
Hochul reveals which election result would make her job ‘a lot easier’ — and it’s not her own
DOJ fires back at Dem AG over Election Day guidance telling officials when to call cops on federal agents
Breaking: Evidence Indicates Democrats Intentionally ‘Stacked’ the Ballot in Key Senate Race
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.
