The long-awaited Senate vote on the coronavirus stimulus compromise bill is finally imminent Wednesday night, Fox News is told.
By a vote of 96-0, the Senate passed a massive $2 trillion coronavirus stimulus compromise package just before midnight Wednesday, ending days of deadlock and sending the bill to the House of Representatives -- which House Speaker Nancy Pelosi said will soon take up the historic measure to bring relief to individuals, small businesses, and larger corporations 'with strong bipartisan support.'Larry Kudlow breaks down coronavirus stimulus plan Stocks rally after Senate reaches deal on stimulus; White House economic adviser Larry Kudlow weighs in. And, a senior Republican aide separately told Fox News: "I half expected that the next thing I read would be the Minority Leader taking credit for inventing fire. The reality is that almost every significant 'win' he's taking credit for, is actually a Senate Republican idea." Republicans had "never objected" to more hospital funding, or that oversight of the stimulus stabilization fund "be structured almost exactly like TARP oversight," the aide went on. And Republicans were the first to push for three months of unemployment insurance and "did not oppose adding a fourth." The stimulus movement came as stocks posted their first back-to-back gains in weeks, but much of Wednesday's early rally faded as the hitch developed in the Senate. The market is down nearly 27 percent since setting a record high a month ago. Amid the debate, presidential hopeful Sen. Bernie Sanders said he might try to torpedo the Senate's stimulus package as Republican senators raised objections about what they called a "massive drafting error" related to unemployment benefits. “In my view, it would be an outrage to prevent working-class Americans to receive the emergency unemployment assistance included in this legislation," Sanders said in a statement, also posted on social media. Video Sanders took to the Senate floor late Wednesday at approximately 9:30 p.m. ET to say he was concerned that the administration would be able to "expend $500 billion in virtually any way they want" under the legislation. In fact, the administration DO YOU QUALIFY FOR A STIMULUS CHECK? "They're very upset that somebody who is making 10, 12 bucks an hour might end up with a paycheck for four months more than they received last week," Sanders went on. "Oh, my god, the universe is collapsing!" The concern from Sens. Lindsey Graham, Tim Scott, R-S.C., Sasse, and Rick Scott, R-Fla., was that the the bill could pay workers more in unemployment benefits than they'd make in salary, by sticking a $600 per week payment on top of ordinary benefits that are calculated as a percentage of income. Democrats and economists have countered that the point of the new unemployment benefit is, in fact, to make peoples' salaries whole, and that companies could simply raise wages to compete and attract workers. "The weird thing about this hypothetical 'generous unemployment pay will discourage people from entering critical industries' is... they could just raise wages?" Alex Godofsky wrote on Twitter. "Amazon has already raised wages. Like, it's okay if wages - and prices - go up for a while. It's fine." Others have noted that the unemployment benefits boost would expire in the summer . In an article entitled "Republican Senators’ Objection to Expanded Unemployment Benefits Makes Little Sense," Josh Barro began by noting that "these are unemployment benefits, and you generally have to have been laid off to claim them." "We will continue to have virus-mitigation measures that create mass unemployment for a significant period, and even after those measures can be relaxed through much of the country, it will take some time for employers to re-ingest all the previously laid-off workers," Barro wrote. "In fact, it’s likely that the shutdowns will persist long enough that the enhanced benefits will need to be extended. If we’re in a situation by July where all the shutdowns are over and employers are eagerly hiring and our biggest concern is too many people don’t want to go back to work, I will be overjoyed and very surprised." Later Wednesday, the Republicans agreed to drop their objections to fast-tracking the stimulus vote, as long as there was first a vote on the Sasse amendment to cap unemployment benefits to 100 percent of salary. Also in the evening, Pelosi said unanimous consent was a nonstarter in the House, and implied that quick passage in the lower chamber may be unrealistic. Pelosi has called for members to have at least 24 hours to review the bill text once it's available. Treasury Secretary Steven Mnuchin, left, accompanied by White House Legislative Affairs Director Eric Ueland and acting White House chief of staff Mark Meadows, speaks with reporters as he walks to the offices of Senate Majority Leader Mitch McConnell of Ky. on Capitol Hill in Washington, Tuesday, March 24, 2020. (AP Photo/Patrick Semansky) “That’s not gonna work," she told reporters shortly after 7:30 p.m. ET, referring to unanimous consent. "Republicans have told us that’s not possible from their said. ... What I’d like to see -- because this a $2 trillion bill -- I’d like to see a good debate on the floor." Meanwhile, the White House projected confidence. Insistently optimistic, President Trump said of the greatest public-health emergency in anyone's lifetime, "I don’t think it's going to end up being such a rough patch" and anticipated the economy soaring “like a rocket ship” when it's over. Yet he implored Congress late in the day to move on critical aid without further delay. The package is intended as relief for an economy spiraling into recession or worse and a nation facing a grim toll from an infection that's killed nearly 20,000 people worldwide. Treasury Secretary Steven Mnuchin, asked how long the aid would keep the economy afloat, said: “We’ve anticipated three months. Hopefully, we won’t need this for three months." Underscoring the effort's sheer magnitude, the bill finances a response with a price tag that equals half the size of the entire $4 trillion annual federal budget. Fox News' Chad Pergram and Jason Donner, and Fox Business Network's Hillary Vaughn, as well as The Associated Press, contributed to this report. Gregg Re is a lawyer and editor based in Los Angeles. Follow him on Twitter @gregg_re or email him at firstname.lastname@example.org. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox Arrives Read more: Fox News
Us should also help its srategic allies like kenya A special Mass for medical workers. He refused mask and gloves because it is a democratic hoax. Trump is going to St. Patrick's in New York for Easter Mass. Do veterans get a check from the relief bill? AOC going to ask for a full house vote to stop the bill greggutfeld dbongino thoughts lads
The mic keeps cutting out for the stream, is there anything you could do about that? It’s happening across the board to multiple users, so I figured it might be more so something to do with the stream itself. be happening. This woman is playing with the wealth being of the American people. I have never seen so much hatred against the American people.
What make me angry is watch this woman Pelosi doing whatever she wants without any consequences. She is blocking the Stimulus Bill that the American people, middle class that works very hard in Restaurants, stores, etc. who needs help until the country is reopen. This should not Jinx1827 Congress & senate should be ashamed of themselves! These political parasites are incapable of passing a clean bill even in time of national emergency where people are sick & dying. They just can't help themselves taking $$ for BS that has nothing to do with crisis! I despise them
Small biz needs relief not loans. Let me shake my invisible, pandemic contingency money tree. Oh, btw, most small biz already let go staff. So, payroll contingency is a day late and a dollar short. Politicians have zero clue!!!
White House, Senate reach late-night deal on massive $2T coronavirus stimulus packageTensions have ratcheted up again on Capitol Hill -- with Sen. Lindsey Graham taking to the Senate floor and calling for an immediate end to negotiations because he said Democrats were 'nickel-and-diming at a time when people are dying -- literally dying.' FUCK big businesses. They fucked up in 2007/8, got tax cut on 2018/19. park some planes ✈️ and take some to the metal scarp yard, same goes for cruise ships....take care of small businesses first then big businesses.. I'm sick of Democrats and Republicans A lobbyist revealed Repubs wanted slush-fund non-transparent & Trump would oversee it w/Mnuchin.What do you think they would do w/that $?It’s worth it to fight for a transparent stimulus package to ensure $$ goes to those hurting the most;not billionaire corp,wealthy or Trump!🤮
So when 'Medicare for All' is discussed, the media hack that asks 'How are you going to pay for it?' should be immediately terminated for dereliction of duty, betraying true journalism, and lying to the American people.TYT realDonaldTrump CNN washingtonpost nytimes do people that draw ssi get anything from the stimulus checks or not jw
Has one corporate media hack asked even one of these lawmakers... 'How are you going to pay for it?' TYT realDonaldTrump CNN washingtonpost nytimes theintercept HuffPost guardian DemocratsAreADisgrace GREENESJ333 Eliminate all of them. This bill should be for the American people not K Street lobbyists.
Can we please identify, by name, who put in the following items: 1B for Amtrak, 25M for Kennedy Cntr and the Postal bailout.. These people need to be held accountable! We deserve those names!!!
White House & Senate Leaders Strike Deal On Historic $2T Coronavirus BailoutThe White House and Senate leaders have finally agreed to a sweeping $2T stimulus package for the U.S. economy as the country grapples with the fallout from the coronavirus pandemic. “At last…
Senate Reaches Historic Deal On $2T Coronavirus Economic Rescue PackageSenate leaders have struck a historic deal to inject the U.S. economy with about $2 trillion in aid in response to the coronavirus pandemic. The plan marks the largest rescue package in American history. Nancy appears to understand the complicated elbow bump while Mitch just can’t seem to get anything right. Not sure why they don’t take a business income coverage approach to these situations. It would help prevent overspending and guesstimating. It would also give much more flexibility and ability to adjust on a bi-weekly or monthly basis She looks like she’s blocking a backhand...this pic won’t age very well 😷🤣😷🤣
Pelosi Offers House Plan As Senate Fights Over Coronavirus Economic Relief BillAs negotiations continue, Speaker Nancy Pelosi announced that House Democrats would unveil their own economic relief bill, which she outlined very generally in a press availability
White House, Senate Agree To Historic Deal On Coronavirus Rescue MeasureNPR's Noel King talks to David Wessel of the Hutchins Center at the Brookings Institute about the agreement announced early Wednesday morning on the massive emergency relief package.
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!