Top Democrats and Trump administration officials said they’re optimistic about finalizing a roughly $2 trillion economic stabilization plan, after striking a tentative deal that adds oversight requirements to a $500 billion bailout fund for companies
Top Democrats and administration officials said they were optimistic about finalizing a compromise on a nearly $2 trillion economic package after agreeing to add oversight for a bailout fund.New York Senator Joe Manchin III, Democrat of West Virginia, told reporters that negotiators had also resolved a disagreement over how much funding to distribute to hospitals across the country, Three officials familiar with the talks said Democrats had secured a $25 billion increase in funding for hospitals, for a total of $100 billion. “No matter what the president may have tweeted last night or whatever, everyone’s working in good faith,” Mr. Manchin said, referring to Mr. Trump’s complaint on Twitter late Monday night that Democrats were “asking for things that have nothing to do with our great workers or companies” and his suggestion that they “want the Virus to win.” Senator Mitch McConnell, Republican of Kentucky and the majority leader, who spent Monday hurling scathing criticism at Democrats for refusing to agree to allow the package to move forward, opened the Senate floor on Tuesday with a more upbeat message. “Now at last, I believe, we’re on the five-yard line,” Mr. McConnell said, taking swipes at Democrats for dragging out the process. “It’s taken a lot of noise and a lot of rhetoric to get us here.” He said he hoped the Senate would “get back on track” and pass a relief package, adding that the “clock has run out” for debating a plan that could help save American jobs and companies on the brink of collapse. The measure would also provide direct payments to taxpayers, substantially increase jobless benefits and send money to states struggling to weather massive public health and economic disaster. Mr. Schumer said Republicans had agreed to extend unemployment insurance for an additional month at Democrats’ insistence, for a total of four months. The two sides had previously agreed to expand the program considerably, to include self-employed and part-time workers who traditionally have not been eligible, and to cover 100 percent of wages. Stocks both in the United States and around the world jumped on Tuesday in anticipation of an agreement to aid America’s economy. The growing confidence on Capitol Hill was a jarring contrast with the rancor that has reigned in the Senate for days, as Democrats twice blocked efforts to advance the plan until they could secure stronger protections for workers and restrictions for bailed-out businesses. Republicans complained that they were turning their backs on substantial compromises and holding up desperately needed aid. But even as partisan bickering consumed the normally staid Senate on Monday, Senator Chuck Schumer of New York, the minority leader, and Mr. Mnuchin huddled repeatedly to hammer out their disagreements. Both Mr. McConnell and Ms. Pelosi were kept closely informed of the talks as Mr. Mnuchin trekked between Senate offices Monday. Any agreement struck and approved in the Senate would still have to secure support from the Democratic majority in the House, which introduced its own $2.5 trillion legislative package on Monday. The House is in recess, with some of its members sick or in quarantine and concerned about flying back to Washington. Leaders were considering approving the mammoth proposal by unanimous consent, a tactic reserved mostly for minor, uncontroversial measures. “If we get this package, we’ll be setting the stage for a good rebound in the second half of the year,” said Larry Kudlow, the White House’s top economic adviser. “That’s our thinking. This package will undergird workers and families, Main Street, small businesses.” “My message is: Please just vote on it,” he added. “Get it through.” Nicholas Fandos contributed reporting. Answers to Your Frequently Asked Questions Updated March 24, 2020 Read more: The New York Times
Why isn't there more conversation on the items the Democrats are trying to add to the bill that are not related to the crisis? They are trying to leverage the crisis as a form of blackmail. In companies, if they are talking about small business and restaurants okay, if the are talking about “corporate businesses, they can go straight to the hell they have caused.
They did something similar with TARP. I agree that oversight needed to be added. Still, there was no need to shoot down the entire bill. Especially for the crap the House Democrats offered up. These corporations paid no taxes and want to be bailed out again. What did they do with their record profits and why do I have to pay for their bad business practices?
WMichaelOtis WMichaelOtis DO YOUR JOB AND REPORT PELOSI'S RAID OF OUR STIMULUS TAX DOLLARS FOR HER AGENDA INCLUDING KENNEDY CENTER! THIS MONEY MUST BE LIMITED TO THIS EMERGENCY VIRUS! WE'RE HURTING OUT HERE! YOU HAVE AN ETHICAL DUTY TO TELL THE PUBLIC ABOUT PELOSI'S RAID! mikiebarb Any restrictions on buy-backs? Executive bonuses? Firing employees?
Socialism rescues capitalism, again!!!! realDonaldTrump and the SenateGOP don’t believe in oversight of this administration. A silly law isn’t going to stop them from stealing money. TrumpCrash TrumpLiesAmericansDie trumponavirus TrumpCoronaVirus CoronoVirus Dont Buy MadeInChina DontBuyMadeInChina BoyCott CCP Run China
Democrats should view the CoronaCrisis as a “tremendous opportunity to restructure things to fit our vision” ~ House Majority Whip James Clyburn WSJ
Top Senate Democrat and Treasury Secretary Say They Are Near a Stimulus DealThe Treasury secretary and the top Senate Democrat said late Monday that they were on the brink of a deal on a nearly $2 trillion emergency economic aid measure to respond to the coronavirus pandemic The president is making America great again Good. As long as there's no pork for the fucking CEOs and requirement to earn at least a certain amount to get any financial help that left the poor out in the cold like that moronic Republican bill, let's do it. Seek accountability and pay back of public funds.
This comma between two sentences should be a period. ESCochrane yeah, redacted oversight it will be. How can transparency even be enforced? Sounds like the Democrats made a bad move here. They just made Trump super rich. Who’s overseeing this $500billion corporate bailout? Is there any way trump can wrestle control of this fund via executive powers? You know he can’t keep his tiny hands off a pile of money.
There was nothing more transparent than a slush fund where Trump and Mnuchin decide where the money goes and can keep it anonymous. His brainwashed lemmings continue to cheer on a guy that started a scam university. QAnon When trumps companies are loosing money now, he wants stimulus money!! Even the small check will help offset the portion of society ready to madmax, for a week
Dollar near three-year peak amid mad cash scrambleThe dollar eased on Tuesday but remained near a three-year high against a basket... об ускорении распространения пандемии коронавируса DOES Reuters even realize how STUPID their HEADLINES SOUND? 'IMF sees pandemic causing global recession in 2020, recovery in 2021' Yeah, brilliant. Election year recession, recovery upon new US President Elected. Geniuses of the year award, Not! Not for long once all these mandated shutdowns destroy our economy more than any virus could.
Wisconsin Humane Society Finds Home for Every Animal Up for Adoption: ‘We’re Near Tears’'Despite the chaos and uncertainly of a global pandemic, you adopted 159 animals and took home 160 foster animals, all in just 5 days,' they wrote TERRIFIC. THANK EVERYONE. YOUR BEST FRIEND IS HOME. An adopted pet makes a great friend. My little pooch is just the best sweet.. why not be cooped up and isolated with your best friend
Teens reportedly coughed near grocery store produce for video, Virginia police sayPolice in Virginia said the teens admitted to getting close to other patrons and coughing into their own sleeves, while filming on their phones. Lock em up Disease is no joking matter, and food safety is a public health issue. Surveillance and threat of prosecution is sometimes the 'cure' to stupid.
Coming to a Country Near You: A Russian Nuclear Power PlantRussia has sold more nuclear technology abroad since 2001 than the U.S., France, China, South Korea and Japan combined, locking clients, including members of the EU like Hungary, into long-term dependency Obama Presidential term: January 20, 2009 – January 20, 2017 Good on them A Russian nuclear power plant what could go wrong comrade
Earthquake: Magnitude 4.3 quake shakes near Ridgecrest, Calif.A magnitude 4.3 earthquake was reported Sunday at 10:53 p.m. Pacific time 23 miles from Ridgecrest, Calif., according to the U.S. Geological Survey. California has had enough no! 👀