US Senate approves $2tn coronavirus relief bill

New Senate Stimulus Bill Would Ban Companies Owned by Trump or His Children From Receiving Any Bailout Money

The U.S. Senate overwhelmingly approved a $2 trillion relief package Wednesday night created to alleviate some of the worst effects of the swift economic downturn now underway as a result of the coronavirus pandemic.

Last-minute objections on Wednesday delayed the Senate vote until late in the evening, when it passed on a vote of 96 to 0.

The measure now heads to the House of Representatives, where a Democratic leader said he expected it to pass by voice vote Friday before it goes to President Donald Trump for his signature.

Earlier in the day, McConnell touted the bipartisan deal reached overnight to provide cash payments to Americans, help to struggling small businesses and more resources to state and local governments, as well as to hospitals.

Working in tandem after days of feuding, Majority Leader Mitch McConnell and top Democrat Chuck Schumer pressed for passage of the legislation in the Republican-led Senate by the end of the day.

Democrats' coronavirus proposal reportedly includes other measures such as repealing Trump's executive orders on unionization, forgiving $10,000 of student debt, implementing mandatory early voting and same-day voter registration, and requiring that any company receiving federal relief raise their minimum wage to $15 per hour.

New York, the epicentre of the outbreak in the country, has reported 280 fatalities 17,856 cases.

It followed days of vicious partisan infighting over what to include, in what ultimately may be the largest emergency rescue package lawmakers have ever passed.

The letter criticizes the American Recovery and Reinvestment Act of 2009, the stimulus package signed by President Obama during the Great Recession, for centering companies over workers, and it offers nearly 100 policy interventions to improve on that model.

PFA seek urgent meeting with clubs amid talk of wage deferrals
Macclesfield and Southend have been facing particular cashflow problems but the EFL hopes to keep clubs afloat. The PFA said: "As with other industries, the crisis is having a severe impact on the finances of the game".

With several members of both chambers of Congress testing positive for COVID-19, leaders were hoping to agree on a vote by unanimous consent rather than trying to bring the full House back to the capitol for a recorded roll call.

"The developments of this Senate relief bill are concerning", Rep. Alexandria Ocasio-Cortez (D-N.Y.) tweeted Tuesday afternoon, before the Senate agreement was finalized. "We're going to make good deals", Trump said during a press briefing on Monday. There's a ton of money in this bill for people who need it, but what we're doing now is, every special-interest group in town is trying to get a little bit more - nickling and diming at a time when people are dying, literally dying'.

But Cuomo said the Senate package would send less than $4 billion to NY, far short of his estimate that the crisis will cost his state up to $15 billion over the next year.

With infections rising, the injection for hospitals could be the bill's most effective element in fighting the pandemic, as it will help facilities provide protective gear, intensive care beds and ventilators and other medical equipment.

By Wednesday, however, she voted for the revised bill.

A $2 trillion aid package to ease the economic damage wrought by COVID-19 is nearing the finish line in Washington, D.C.

Why it matters: Per Axios' Alayna Treene, the emergency legislation will deliver desperately needed aid to American families, small businesses and corporations hit hardest by the virus. In fact, our unemployment claims in Montana since march 17th, we just looked it up 15 minutes ago, 14,350 Montanans have filed for unemployment in the last week'.

Another provision sends $130 billion to hard-hit hospitals and $150 billion to support financially hurting state and local governments fighting the pandemic. Both Republican and Democratic party members have designed this package to cover as many sectors and companies as possible.

Related News:



Most liked

US charges Venezuela's Maduro with narco-terrorism
The Justice Department claims that Maduro is supporting drug trade routes through Central America and the Caribbean. The US has indicted only one sitting head of state before Maduro - Panamanian ruler Manuel Noriega, in 1988.

The Simpsons producer's message to Harry and Meghan
Prince Harry is the adult that's next in line to Prince William in the order of succession but he already quit the royal family with his wife in January.

About 3 billion people living under COVID-19-related restrictions globally
He said Spain made the request to North Atlantic Treaty Organisation which would pass it on to the member-states' armies. Globally the planet is closing in on half a million cases although 113,000 of that number have now recovered.

Rams’ Kevin Demoff to read mean tweets about team’s new logo
The logo changes were inspired by the surfing, skateboarding and auto cultures of southern California. According to the Chargers, the unveiling of the new uniforms is "less than a month away".

Katrina indicators off on Vikas Bahl's subsequent movie Big B
In fact, it was also said that it would be a father-daughter story and Amitabh Bachchan is being roped in to play the father. Only the other day, she posted a screenshot of a video call she had with Bollywood buddies Varun Dhawan and Arjun Kapoor.

NHL Postpones Combine, Awards & 2020 Draft
With the National Hockey League season suspended since March 12, the postponement of these events did not come as a surprise. If the regular season isn't completed, they will both be set for high lottery picks in the draft.

Apple’s AirPower Charging Mat May Not Be Dead After All
He also pointed out that the tech giant is trying to release a wireless charging mat that actually works with the Apple Watch . An iPhone 12 escape has explained that we may observe a delay to launch and the show of their phone.

Vikings to sign ex-Titan WR Tajae Sharpe
He played in 47 games (with 43 starts) for the Minutemen, and holds school records with 277 receptions and 3,486 receiving yards. According to NFL Network Insider Ian Rapoport , the Vikings are signing former Tennessee Titans wide receiver Tajae Sharpe .

How To Watch the Huawei P40 Series Launch
The three cameras could most likely be a combination of a primary sensor, an ultra-wide camera, and a ToF lens. The Huawei P40 Pro will feature an additional camera at the back, which will likely be a periscopic lens.

NY sees glimmer of progress against Covid-19, New Orleans worsens
Asked about Trump's claims by a journalist at his Wednesday morning briefing, Cuomo said, "that's not the fact and you know it". Once once more, Clinton is revealing that she prefer to see our nation fall short than see Trump be successful.

Who gets what from the $2 trillion United States virus aid package
Two members of the House and one senator have recently tested positive for the coronavirus illness COVID-19. Individuals who make $99,000 or more and couples who make $198,000 or more would not receive a check.

Turn off the microwave to boost wifi, says UK's media regulator
It should be plugged directly into your main phone socket, ideally without using an extension lead, as this can affect speeds. Stay Connected , explains a range of practical tips and advice to help people get the speeds and reception they need.

Trudeau announces new benefit for workers impacted by COVID-19
The Senate is now aiming to pass the bill in a matter of hours so it can get royal assent later today. Meanwhile, the NDP and Conservatives sought more amendments around the government's spending powers.

Senate Passes $2 Trillion Coronavirus Relief Bill, Now Moves To House
It allocates $17 billion for the SBA to cover six months of payment for small businesses with existing SBA loans. The bill must now pass in the House of Representative before it reaches President Trump's desk to become law.

Valve Officially Announces' Half-Life: Alyx's Release Date
Powered by SteamVR on Valve's Source 2 engine, Half-Life: Alyx will be compatible with multiple PC-based VR headsets . On the plus side, the game is also compatible with most other VR headsets, so there are plenty of alternatives.