Under the gun, U.S. Senate looks to strike deal on coronavirus relief package

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Under the gun, U.S. Senate looks to strike deal on coronavirus relief package by jamesoliphant and Richard Cowan

WASHINGTON - With the coronavirus pandemic in the United States intensifying, Senate Democrats and Republicans will scramble on Monday to come to an agreement on a far-reaching $1 trillion-plus coronavirus stimulus package after a procedural vote to advance the measure failed and left the massive relief effort in legislative limbo.

Lawmakers were keenly aware that the failure to strike a deal could trigger heavy losses in U.S. stock markets when they open on Monday morning, with Wall Street analysts and investment managers expecting another rough week. The measure includes financial aid for regular Americans, small businesses and critically affected industries, including airlines.

Negotiations between the two sides, along with U.S. Treasury Secretary Steven Mnuchin, went deep into night on Sunday. The speaker of the House of Representatives, Nancy Pelosi, said Democrats in that chamber would begin crafting an alternative bill should the Senate not reach an agreement.

 

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jamesoliphant I'll take no deal over a terrible deal. We have already seen what the GOP has for the American people - stock pumps while telling their rich buddies to get out and InsiderTrading. BailOutPeopleNotCorporations GOPSlushFund GOPBailoutScam GOPCorruptionOverCountry

jamesoliphant Democrats are disgusting. Why are they delaying help to the American people All Democrats want to do is play politics. They will pay in November.

jamesoliphant They have the best, most comprehensive health Care and benefits packages our money can buy. They don't care about urgency.

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