Factbox : What's in the $2.2 trillion Senate coronavirus rescue package
The U.S. Senate on Thursday unanimously approved an unprecedented stimulus packa...5 Min Read WASHINGTON (Reuters) - The U.S. Senate on Thursday unanimously approved an unprecedented stimulus package to alleviate the devastating economic impact of the coronavirus pandemic. FILE PHOTO: U.S. Senate Majority Leader Mitch McConnell (R-KY) enters the Senate Chamber Floor after Congress agreed to a multi-trillion dollar economic stimulus package created in response to the economic fallout from the COVID-19 Coronavirus, on Capitol Hill in Washington, U.S., March 25, 2020. REUTERS/Tom Brenner Here are major elements of the plan. Cost estimates are provided by the Committee for a Responsible Federal Budget. DIRECT PAYMENTS TO AMERICANS Direct payments of up to $1,200 each to millions of Americans, with additional payments of $500 per child. Payments would be phased out for those earning more than $75,000 a year. Those earning more than $99,000 would not be eligible. Estimated cost: $290 billion ENHANCED UNEMPLOYMENT AID Payments for jobless workers would increase by $600 per week. Laid-off workers would get those payments for up to four months. Regular benefits, which typically run out after six months in most states, would be extended for an additional 13 weeks. Self-employed workers, independent contractors and those who typically don’t qualify for unemployment benefits would be eligible. The government would also partially make up wages for workers whose hours are scaled back, in an effort to encourage employers to avoid layoffs. Estimated cost: $260 billion SMALL BUSINESS LOANS AND GRANTS Loans for businesses that have fewer than 500 employees could be partially forgiven if they are used for employee salaries, rent, mortgage interest and utility costs. The bill also includes emergency grants for small business. Estimated cost: $377 billion. AID TO AIRLINES, LARGE BUSINESSES The bill sets up a fund to support a new Federal Reserve program that offers up to $4.5 trillion in loans to businesses, states and cities that can’t get financing through other means. Companies tapping the fund would not be able to engage in stock buybacks and would have to retain at least 90% of their employees through the end of September. They would not be able to boost executive pay by more than $425,000 annually, and those earning more than $3 million a year could see their salaries reduced. The fund would be overseen by an inspector general and a congressional oversight board. The Treasury secretary would have to disclose transactions. Businesses owned by President Donald Trump, other administration officials or Congress members, or their family members, would not be eligible for assistance. Loans are set aside for airlines, air cargo carriers, airline contractors and “businesses important to maintaining national security,” widely understood to be Boeing Co ( Read more: Reuters Top News
White House, Senate reach historic $2-trillion stimulus deal amid growing coronavirus fearsWhite House and Senate leaders struck a major deal early Wednesday morning over a $2-trillion package to provide a jolt to an economy struggling amid the coronavirus pandemic, capping days of marathon negotiations that produced one of the most expensive and far-reaching measures in the history of Congress. Details...
Coronavirus live updates: White House, Senate leaders agree on $2 trillion stimulus; US deaths top 800Amid another swell in U.S. deaths, White House and Senate leaders reached a $2 trillion stimulus deal to ease financial pain across the country. 3 bulgarians' mom at Lisa's. As long as the bill is not stuff with abortion law, gun confiscation and open borders life is good!
Senate Reaches Historic Deal On $2 Trillion Coronavirus Economic Rescue PackageSenate leaders have struck a deal to inject the U.S. economy with about $2 trillion. The plan includes direct payments to Americans, expansion of unemployment insurance, billions in aid to businesses and funding for the health care industry. How much do they put in their pockets? I thought this virus was contagious. Well that's good. Doesn't the occupants still have to sign it? Will he be handing out German fester'd pencils so that everybody can catch the Corona virus?
Coronavirus Live Updates: Senate Moves Toward Passing Sweeping $2 Trillion Aid DealPeople fleeing New York to other parts of the country were told to quarantine themselves for 14 days. Prince Charles has the virus. The number of deaths in Spain — more than 3,400 — surpassed the toll in China. FAKE NEWS TIMES JayInslee GovInslee MayorJenny
Factbox: What's in the nearly $2 trillion U.S. Senate coronavirus stimulus?The U.S. Senate on Tuesday was negotiating a nearly $2 trillion emergency bill t... CORRUPTION Know what your problem is here? You deliberately left out wicked witch Pelosi’s wish list for the Kennedy Ctr., NOAA, diversity boards, the NEA, wind, solar, and emissions - a whole slew of stuff that absolutely nothing to with this pandemic emergency. That’s why ur not trusted. Nothing for health workers, pretty sure
White House, Senate Agree To $2 Trillion Coronavirus Rescue PackageThe Trump administration and Senate Majority Leader McConnell confirmed that the White House and Senate reached a deal for an unprecedented $2 trillion aid package aimed at propping up individuals, businesses and health care amid the coronavirus pandemic. It leaves millions of people without help. So, did they leave the billions in 'Grants' for the airlines and Boeing intact? Because those grants are wholly undeserved. They should not see a single penny for free after the way they wantonly spent their money on buybacks at all-time highs. Were they able to get that funding for PBS, flying velociraptor stagecoaches, or banana cottage cheese research? I know there were a lot of big priorities left out of the original GOP version before SpeakerPelosi swooped in and rescued this thing. 🚑🤡