WATCH: Sen. Majority Leader McConnell announces deal on $2T coronavirus spending bill
The bill is also expected to include roughly $100 billion in assistance for hospitals, $350 billion in assistance to small businesses to help them meet payroll, $500 billion in aid for corporations, such as airline companies and cruise lines, that have been hurt by the coronavirus outbreak.
Negotiations, however, came to a head over how much additional unemployment insurance should be extended as well as aid for distressed corporations. Schumer also felt like the initial Republican plan did not have enough money dedicated to hospitals and called for a “Marshall Plan” for the healthcare system.
Legislation rarely moves this fast in Washington, especially for a bill of this size. But both parties appeared motivated to act quickly as unemployment numbers continue to rise and more and more businesses are forced to close their doors.
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 spokeswoman Stephanie Grisham tests negative for coronavirus: White HouseWhite House Press Secretary Stephanie Grisham, under quarantine after coming in contact with a Brazilian official who tested positive for coronavirus, has tested negative, White House says More coronavirus updates:
Read more »
White House, Senate Agree To $2 Trillion Coronavirus Rescue PackageThe Trump administration and Senate Majority Leader McConnell confirmed that the White House and Senate reached a deal for an unprecedented $2 trillion aid package aimed at propping up individuals, businesses and health care amid the coronavirus pandemic.
Read more »
White House, Senate reach historic $2-trillion stimulus deal amid growing coronavirus fearsWhite House and Senate leaders struck a major deal early Wednesday morning over a $2-trillion package to provide a jolt to an economy struggling amid the coronavirus pandemic, capping days of marathon negotiations that produced one of the most expensive and far-reaching measures in the history of Congress.
Read more »
White House Reaches Deal With Lawmakers on $2 Trillion Coronavirus Stimulus BillLawmakers and the Trump administration reached a preliminary agreement on an estimated $2 trillion stimulus package aimed at shielding the U.S. economy from the worst consequences of the coronavirus pandemic.
Read more »
Factbox: What's in the nearly $2 trillion U.S. Senate coronavirus stimulus?The U.S. Senate on Tuesday was negotiating a nearly $2 trillion emergency bill t...
Read more »