Pelosi Warms Up To Senate Coronavirus Relief Bill

Pelosi Warms Up To Senate Coronavirus Relief Bill

Pelosi Warms Up To Senate Coronavirus Relief Bill

On Sunday, the Senate was slated to vote on a $1.6 trillion bill containing $75 billion for hospitals across the country, $1,200 checks to every American making below $75,000 a year, and financial aid to businesses that have been forced to indefinitely shut down in the interest of containing the virus' spread.

Stocks rallied on the news that a deal was near, with the Dow Jones Industrial Average up more than 11% Tuesday afternoon.

- Up to $500 billion in "liquidity assistance" for distressed industries. They would have to choose between accepting grants or loans but could not receive both. "We continue to kind of work through that", Mr. Ueland said of aid for airlines. "I hope today is the day this body will get it done".

"There are lots of good things here", Schumer said, predicting that lingering disagreements could be resolved in a matter of hours. "Right now we're on the 2", he said.

In a statement, Pelosi signaled that the agreement that resulted from negotiations between Senate Minority Leader Chuck Schumer, D-N.Y., and Secretary of the Treasury Steven Mnuchin is an improvement from the original GOP proposal but it doesn't go as far as the plan she released earlier this week. A big advance but not everything we want. A farm lobbyist said the issues are "still being debated".

Some House Democrats are balking at Speaker Nancy Pelosi's suggestion that they should quickly accept a roughly $2 trillion Senate coronavirus relief package without debate or a chance to amend its contents. "I'm anxious they're planting poison pills in there", she said. She expressed concerns about protections for immigrants.

Though Mrs. Pelosi introduced her own legislation on Monday, adding a possibly complicating factor to the talks, she had indicated she would review the eventual Senate agreement. Even then it will still have to be passed by the U.S. House of Representatives. Republicans say they agreed to that in response to Democratic demands.

House lawmakers are back in their districts and the leadership has suggested it would be too complicated to bring them back to Washington to vote since some have tested positive for COVID-19, the disease caused by the coronavirus, with others self-quarantined, and it could also be logistically hard for people to return because of travel disruptions.

Pelosi said Wednesday that House Democrats will evaluate the package before deciding next steps.

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.

- Some $250 billion for expanding unemployment insurance. Mr. Schumer said on the Senate floor Tuesday that, under the deal, the federal government would pay the full salary of workers laid off because of the pandemic for four months.

The latest version would increase unemployment benefits by up to $600 a week, ensuring that many who lose their jobs would not see a drop in income, according to a Democratic aide. The aide also said those benefits would be extended to contract workers, freelancers and other nontraditional workers.

Natalie Andrews contributed to this article.

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