Wednesday, 25 November, 2020

$2T Coronavirus Stimulus Package Stalled Further As Senate Clashes Over Specifics

2T Coronavirus Stimulus Package Stalled Further As Senate Clashes Over Specifics $2T Coronavirus Stimulus Package Stalled Further As Senate Clashes Over Specifics
Deanna Wagner | 25 March, 2020, 07:53

The plan would expand existing unemployment by 13 weeks, meaning people who are nearing the point where they would max out their access to the program would have their time extended, the aide said. The Dow Jones Industrial Average was up almost 10% at noon.

Asked whether the United States could become the new epicentre, Harris said: "We are now seeing a very large acceleration in cases in the U.S. So it does have that potential".

Senate Majority Leader Mitch McConnell, R-Ky., echoed the optimism, saying he believes a deal can be reached Tuesday. "Last night I thought we were on the 5-yard line".

"We've got families that are suffering", said Sasse.

Earlier, Pelosi acknowledged there were some details to hammer out, but said they aren't "deal-breakers" and include a call for new worker protections and expanded medical leave.

"Instead of taking that legislation-urgent, necessary legislation-and passing it quickly, Democrats have now chose to allow Speaker Pelosi to block it through proxies here in the Senate so that she can rewrite the bill with a ton of crap that has absolutely nothing to do with the public health emergency that we face at this moment", Sen.

As the interview ended, Cramer concluded, "I think the problem is no wish list". She later added, "I think we are on a good track".

White House legislative affairs director Eric Ueland, a fixture in the talks, said, "We're making progress and keep banging away, knocking down issues".

Cuomo: Coronavirus spreading like 'bullet train' in NY as cases top 25,000
The state also desperately needs ventilators, to help people breathe after their lungs have been compromised by COVID-19. We have the highest and the fastest rate of infection. "Those are troubling and astronomical numbers ", he said .

Tuesday's optimism was in sharp contrast to Monday's back-and-forth in the Senate.

Democrats argue that the Republican-backed proposal is too friendly to big business and doesn't do enough to protect American workers.

McConnell had blamed Democrats on Monday for delaying progress on the bill even as Democrats continued to negotiate with White House officials.

One major concession Republicans have accepted is a $500 billion credit facility they're standing up just for the crisis - facilitated by the Treasury Secretary - to help troubled businesses.

"It's despicable that, while Americans are struggling, Democrats have chosen to not only block much needed assistance for the American people in the Senate, but then introduced legislation that is nothing but a risky ploy to federalize elections", said Rep. Rodney Davis (R-IL), the ranking minority member of the House Administration Committee in a statement issued late Monday. "Right now we're on the two", Senate Minority Leader Chuck Schumer, D-N.Y., agreed.

House of Representatives Speaker Nancy Pelosi said on MSNBC Tuesday that the House could unanimously pass the bill once it clears the Senate, but it might also try to change it - which would lead to further delays - before it heads to President Trump's desk to sign. They're wondering where we are.

After days of pressure, unusual partisanship in a crisis, and intense haggling over the fine print, negotiators were nearly done with a $2 trillion bill to respond to what Senate Majority Leader Mitch McConnell called "the most serous threat to Americans' health in over a century and quite likely the greatest risk to America's jobs and prosperity that we've seen since the Great Depression".