Posted on 03/24/2020 10:55:53 AM PDT by Aquamarine
Congressional and White House officials said Tuesday a deal appears to be at hand to provide sweeping aid to businesses and workers facing ruin from the coronavirus pandemic.
Both Senate Majority Leader Mitch McConnell and the top Democrat, Sen. Chuck Schumer, said agreement appeared close on the nearly $2 trillion package. “I don't see any issue that can't be overcome within the next few hours," Schumer said. "Last night I thought we were on the five-yard line. Now we're on the two."
Negotiators labored in the shadow of what 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.”
Treasury Secretary Steven Mnuchin and congressional leaders engaged in final negotiations after a tumultuous but productive day on Monday. While the two sides have resolved many issues in the sweeping package, some sticking points remained. A Senate vote could come later in the day.
A one-time payment of $1,200 per person, or $3,000 for a family of four, would go directly to the public.
Hospitals could get up to $200 billion for the expected influx of sick patients, said Mnuchin.
Democrats said the package would help replace the salary of furloughed workers for four months, rather than the three months first proposed. Furloughed workers would get however much a state usually provides for unemployment, plus a one-time $600 add-on.
Opening the Senate on Tuesday, McConnell combined optimism about the chances for a deal with frustration at the delays — and a sober view of the crisis at hand.
(Excerpt) Read more at dailypress.com ...
Apparently Pelousy has totally caved on her porkulous bill. My guess is her own people told her to drop it.
This is wrong. Both gop and dems are porkbarreling.
Nancy “let them eat cake” caved!
Joe Biden probably talk some sense into her.
He’s going to be the next President ya know.
About a trillion and half of the 2 trillion dollar Bill is pork or pork related.
Unvelievable amount of cash to be wasted. Trillions?
Watch out for massive unexpected macroeconomic effects that destroy wealth and productivity.
So, how does this contrast with Pelosi’s bill?
Keep your extra rolls of tp. It may be worth more than paper $ when they finish this.
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