Power Up: What to Know About the Two Massive Coronavirus Stimulus Proposals

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Published 5 years ago on

March 24, 2020

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STIMULUS LIMBO: Senate leaders and Trump administration officials sounded positive late last night that they were nearing bipartisan agreement on a $2 trillion stimulus bill to respond to the coronavirus pandemic that is shutting down the U.S. economy — what would be the largest rescue package in modern history. Treasury Secretary Steven Mnuchin and Senate Minority Leader Chuck Schumer (D-N.Y.) emerged from hours of negotiations just before midnight to tell reporters they hope to announce a deal this morning, according to our colleagues Erica Werner, Paul Kane, Rachael Bade and Mike DeBonis:

“There are still documents that are going to be reviewed tonight and turned around, there’s still a couple of open issues, but I think we’re very hopeful this can be closed out [Tuesday],” said Mnuchin, who has been leading negotiations on coronavirus legislation for the White House.
Schumer echoed: “Secretary Mnuchin called the president, we told him we were very, very close to an agreement; he seemed very happy with that … We still have a few little differences, but neither one of us expect it will get in the way of a final agreement.”
Talks are expected to resume at 9:30 a.m.

Those differences: Democrats again refused to support the bill yesterday over concerns that the legislation still did not go far enough in providing assistance to workers, families and health care providers.
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By Jacqueline Alemany | 20 Mar 2020