Connect with us


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



Photo of Treasury Secretary Steve Mnuchin
Share with friends

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.
Read More →