Sci-tech

Democrats block Senate economic stimulus bill as talks falter

A vote in the Senate is now expected at 1 p.m.

Later on Sunday, Senate Majority Leader Mitch McConnell, a Republican, announced he would hold a repeat vote early on Monday, only to be blocked by Senate Democratic Leader Chuck Schumer.

Schumer insisted the bill falls well short of sufficiently protecting U.S. employees, millions of whom are at risk of losing their jobs as the economy grinds to a halt while offering a "large corporate bailout with no protections for workers and virtually no oversight". "We're very close to reaching a deal", Schumer said, calling the procedural votes "irrelevant" to the ongoing talks. White House legislative liaison Eric Ueland told reporters a "handful" of disagreements still had to be resolved.

Pressure is ratcheting up for Congress to enact an unprecedented economic relief package that will provide aid to every rung of the USA economy after bipartisan talks collapsed Sunday over Democratic objections.

The bill is Congress's third effort to blunt the financial toll of a illness that has killed at the least 420 folks in the U.S. and sickened greater than 33,000, main governors to order nearly a 3rd of the nation's inhabitants to remain at house and placing a lot enterprise exercise on maintain.

Democrats raised objections to the Senate bill all through the day, with Schumer saying it had "many, many issues" and would profit company pursuits on the expense of hospitals, healthcare staff, cities and states.

Republicans have criticized Pelosi for wanting to add unrelated provisions in the bill and argued Democrats were trying to take advantage of the crisis for their own wish list of items they couldn't pass through the normal process.

The president also said the administration was "considering" the prospect of United States lawmakers being allowed to vote remotely, a dramatic departure from current House and Senate rules that mandate all votes be conducted in person.

Schumer said more money was needed for community health centers, nursing homes, masks, ventilators, personal protective equipment and aid to state and local governments.

More news: Italy COVID-19 Deaths 651 in a Day, Total 5476

On the Senate ground, a visibly offended McConnell accused Democrats of obstruction.

Lawmakers had been conscious {that a} failure to succeed in a deal on Sunday may batter already reeling monetary markets on Monday.

"Markets always come back", he said. Republican Senators Mike Lee and Mitt Romney said they would self-quarantine as a result. President Donald Trump and congressional leaders hoped the measure would send a signal that would help stabilize the stock market and USA economy amid fears of recession as economic analysts estimate unemployment levels could hit up to an unprecedented 30% in April-June with GDP contracting by 50%, figures not seen since the Great Depression. "This bill is going to affect this country and the lives of Americans, not just for the next few days, but in the next few months and years - so we have to make sure it is good", he said. "The one motive a deal couldn't get carried out is pure politics".

Vice President Mike Pence said 254,000 Americans have been tested for the virus and slightly more than 30,000 have tested positive.

The measures also came as the death toll and contagion confirmations continued to rise - especially in hotspots like New York - and several states including California, New York and IL effectively went into lockdown in a bid to halt the virus's spread.

"President Trump uncared for, minimized, and lied about this virus", Biden mentioned in an announcement. "Stop lying and start acting". They're wondering where we are.

Of this, up to $50 billion could provide loans and loan guarantees for passenger airlines, $8 billion for cargo air carriers and $17 billion for businesses critical to national security.

The remaining $425 billion can be accessible for loans, mortgage ensures and different investments for the Fed to supply liquidity to assist the monetary system lend to companies, states and municipalities.



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