US Senate passes $2 trillion COVID-19 aid package

White House Legislative Affairs Director Eric Ueland, Treasury Secretary Steven Mnuchin and Acting Chief of Staff Mark Meadows walk from a meeting with Senate majority leader Mitch Mc Connell on Capitol Hill in Washington D.C. on Tuesday. Pho

"And at a certain point, we will get the spread of the virus under control and at that time confidence will return, businesses will open again, people will come back to work".

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Senate passage delivered the legislation to the Democratic-controlled House, which is expected to pass it Friday.

The historic deal was called "the largest rescue package in American history" by Senate Minority Leader Chuck Schumer.

"The cost-benefit is unambiguous: Upfront losses to stem the virus, with lifeboats in the water to keep us afloat, are much better than risking waves of infection, panic and what could easily morph into a depression", Swonk said.

It also provides $100 billion of desperately needed resources for hospitals and other health facilities in dire need of medical equipment, and dramatically expands unemployment benefits to help workers sickened by the coronavirus or laid off during the crisis.

"Let's get this done to show American families, workers and small businesses that we will get through this crisis together", Gardner wrote in a statement.

Schumer outlined what he said are five gains by Democrats within the stimulus package, spearheaded during the negotiations between senators on both sides of the aisle.

McConnell, who introduced the legislature on Thursday, concluded his speech from the Senate floor stating that they will pass the bill later Wednesday before it is sent to the House. "McConnell said the bill would "stabilize key national industries" to prevent as many layoffs as possible.

The Senate finished negotiating its coronavirus relief package early in the morning of March 25.

It took until Wednesday to clear the impasse.

Senators were negotiating the final sticking points in the stimulus bill to help the USA economy get through the coronavirus pandemic.

According to a summary circulated by the office of Democratic leader Chuck Schumer, businesses owned by the president, vice president, members of Congress or heads of executive departments would be excluded from receiving that aid.

The deal also excludes companies owned by President Trump or his family from accessing the loans.

"First it tried to suppress the news", Ambassador Woody Johnson wrote in an article for The Times newspaper published on Thursday, adding that Beijing had then selectively shared critical information while stonewalling worldwide health authorities. Broadly, the bill provides direct cash assistance to most Americans, includes measures meant to help small business retain employees, and includes loans for large corporations.

"Just because you're isolated, stay in touch, email, talk to people, be on the phone set up chat rooms", he said.

The unanimous Senate vote late Wednesday came despite misgivings on both sides about whether it goes too far or not far enough and capped days of hard negotiations as Washington confronted a national challenge unlike it has ever faced.

House Speaker Nancy Pelosi, D-Calif., praised the Senate bill Wednesday night after lambasting an earlier version of the legislation.



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