Health Care

Senate Leaders Reach Deal on $2 Trillion Coronavirus Bill

Senate Leaders Reach Deal on $2 Trillion Coronavirus Bill”

The provision was part of the largest, most sweeping emergency aid package in the history of the United States, which is expected to be passed by the Senate on Wednesday.

Details of the final package were negotiated Tuesday between Senate Democratic Leader Chuck Schumer of NY and Treasury Secretary Steve Mnuchin, and the agreement was announced Wednesday morning.

Senate Democrats had previously blocked the Republican bill, claiming they wanted to add more protections for workers. That would leave final congressional approval up to the Democratic-controlled House, where the timetable for votes is unclear and whose members are mostly scattered around the country.

Top White House aide Eric Ueland announced the agreement in a Capitol hallway early on Wednesday.

President Donald Trump is expected to sign the bill into law if it is passed. Ardent liberals were restless as well.

The deal includes an increase in unemployment insurance, $130 billion earmarked for hospitals, $1,200 checks to many Americans and a $367 billion loan program for small businesses, among other provisions.

'Listen, we were told we are at the one-yard line last night to get this done, ' Senator Steve Daines, a Montana Republican, said on the Senate floor Tuesday night. Hospitals would get significant help as well.

"The Senate is going to stand together, act together, and pass this historic relief package today", McConnell said as the chamber opened for business. Trump's answer meandered for a long while, and included an unfortunate amount of whining and self-pity, before he eventually said, "I've learned, let's just see what happens because we have to save some of these great companies".

In a town hall on Fox News on Tuesday, President Trump said it was important to bail out companies that had been ordered to shut down. But in a White House briefing later, Trump said that "our decision will be based on hard facts and data".

Medical professionals say social distancing needs to be stepped up, not relaxed, to slow the spread of infections. "You're putting money in at the point where it matters".

The Post noted that the House could pass the bill unanimously since both political parties have reached a consensus.

Even before the deal was reached, news of the likely but elusive agreement had sent the stock market rocketing on Tuesday.

The package would give one-time direct payments to Americans - $1,200 per adult making up to $75,000 a year, and $2,400 to a married couple making up to $150,000, with $500 payments per child.

Education emergency assistance totaling $30.9 billion includes $13.5 billion for elementary and secondary education formula funding directly to states, to help schools respond to coronavirus and related school closures.

The package also includes loans and loan guarantees for small and large businesses.

According to a summary circulated by the office of Democratic leader Chuck Schumer, businesses owned by the president, vice president, members of Congress or heads of executive departments would be excluded from receiving that aid. It also will send tens of billions in fresh aid to states.



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