House Democrats release third coronavirus response bill

House Democrats release third coronavirus response bill - JURIST - News - Legal News & Commentary

What's in the nearly $2 trillion U.S. Senate coronavirus stimulus?

Congressional and White House officials say they expect to reach a deal Tuesday on a almost $2 trillion measure to ease the economic damage inflicted by the coronavirus pandemic. The president wants us to get this done today. A farm lobbyist said the issues are "still being debated". "I'm anxious they're planting poison pills in there", she said.

"Ben Domenech, writer of the Federalist, tweeted: "$35 Mil for the Kennedy Middle is very important for scuffling with the Coronavirus, says Nancy Pelosi".

"If it has poison pills in it - and they know certain things are poison pills - then they don't want unanimous consent, they just want an ideological statement", Pelosi said of Senate Republicans.

Pelosi on Monday introduced an even larger stimulus package, worth about $2.5 trillion, that included Democratic priorities like a requirement for companies receiving federal aid to implement a $15 minimum wage, corporate board diversity and a stricter executive to worker pay ratio.

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In a round of cable news interviews Tuesday morning she made clear that she hopes the Senate package meets enough of the Democrats' requirements that the House can pass it unanimously, precluding the need to reconvene the House.

While the two sides have resolved many issues, some final sticking points remain.

While details were still subject to negotiation, Mr. Mnuchin and Mr. Schumer had agreed on additional oversight of the funds, according to several people involved in the talks.

Together with a desire to leave the Capitol, the fast spread of the virus across the country and the shuttering of much of the USA economy has added urgency for lawmakers to reach a deal on the third piece of legislation responding to the outbreak.

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The $2 trillion proposal would include a $500 billion fund to help hard-hit industries and a comparable amount to send direct payments of up to $3,000 to millions of US families, as well as $350 billion for small-business loans, $250 billion for expanded unemployment aid and at least $75 billion for hospitals.

The unemployment insurance plan would allow restaurant workers to continue to be employed and keep the businesses "intact", he noted.

A Democratic aide familiar with the negotiations said that Democrats had secured a $600-a-week increase on top of current levels of unemployment benefits for four months.

The bill also provides almost $40 billion into schools and universities, with $30 billion directly provided to states to help them stabilize their funding for schools and almost $10 billion to help alleviate the harm caused by coronavirus on higher education institutions.

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The Democrats won a long list of victories in the $2 trillion package, including billions of dollars for hospitals, students, the unemployed and states struggling to finance the wave of emergency services.

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