Agreement on $470B 'phase 3.5' coronavirus stimulus package now imminent, sources say

Canada News News

Agreement on $470B 'phase 3.5' coronavirus stimulus package now imminent, sources say
Canada Latest News,Canada Headlines
  • 📰 FoxNews
  • ⏱ Reading Time:
  • 67 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 87%

Negotiators from the House, Senate and White House are close to finalizing an accord on the so-called “phase 3.5” response to the coronavirus pandemic, and hope to finalize a package later Monday or Tuesday, Fox News is told.

“It’s now been four days since the Paycheck Protection Program ran out of money. Republicans have been trying to secure more funding for this critical program for a week and a half now,” McConnell said. “At this hour, our Democratic colleagues are still prolonging their discussions with the administration, so the Senate, regretfully, will not be able to pass more funding for Americans’ paychecks today.

The office of House Majority Leader Steny Hoyer, D-Md., signaled over the weekend that House members should be ready to come back Wednesday. Hoyer’s office also indicated they could take a “roll call vote.” On Monday afternoon, Hoyer told Democrats that they are hoping to vote Wednesday, but that it could slip to Thursday.

If there is a roll call vote in the House, Fox News is told the House would likely clump the entire House membership into six or seven clumps alphabetically and have members file into the chamber in groups. This could consume several hours – but help members exercise social distancing. One source told Fox News, however, that the House would be lucky to get 280 members there.

That could mean Pelosi doesn’t have to move on the proxy or remote voting issue so long as there no consensus on the next bill. It could also mean that she is unwilling to commit because she doesn’t have GOP buy-in. It could also mean that the Speaker doesn’t have consensus on her side for proxy or remote voting.

Meanwhile, oil futures plunged below zero for the first time on Monday as demand for energy collapses amid the coronavirus pandemic and traders sought to avoid owning crude with nowhere to store it. Fox News is told the development could impact the contents of the upcoming stimulus package.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FoxNews /  🏆 9. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

White House Defends Testing Capacity As Governors Ask For MoreWhite House Defends Testing Capacity As Governors Ask For MoreMany governors say they need more coronavirus testing. President Trump said his administration would have a call with governors on Monday about increasing capacity.
Read more »

Mike Pence Insists the White House Is On Top of Coronavirus TestingMike Pence Insists the White House Is On Top of Coronavirus TestingWith goalposts shifted, Vice President Pence insists testing rates in the US are good for 'Phase One' of a reopening strategy.
Read more »

House Speaker Nancy Pelosi warns Trump may put US in 'further danger' during coronavirus crisisHouse Speaker Nancy Pelosi warns Trump may put US in 'further danger' during coronavirus crisis'If he continues to predicate the actions that we take on a false premise, then we're in further danger,' Pelosi said during a wide-ranging interview on 'This Week' with ABC News' Chief Anchor George Stephanopoulos. Pelosi also referred to Trump's comments at the onset
Read more »

House Speaker Nancy Pelosi warns Trump may put US in 'further danger' during coronavirus crisisHouse Speaker Nancy Pelosi warns Trump may put US in 'further danger' during coronavirus crisisSpeaker Nancy Pelosi says Trump’s support for stay-at-home order protests is a “distraction from the fact that he has not appropriately done testing.” “The key that opens the door to the economy is testing, testing testing. We haven’t done it right.”
Read more »



Render Time: 2025-04-04 04:49:15