It took far longer than it should have, but the American people will soon be feeling some economic relief. Late on Tuesday evening, the Senate and White House agreed to a historically massive stimulus package.
Here’s what’s up, via Fox News:
The White House and Senate leaders reached a breakthrough deal shortly after midnight Wednesday on a massive and historic $2 trillion coronavirus relief package for workers and businesses, Fox News has confirmed, capping off days of heated negotiations that had nearly been derailed by last-minute demands from House Democrats.
Senate Minority Leader Chuck Schumer, D-N.Y., said the bill amounts to “unemployment compensation on steroids,” and that every American laid off will have their missed salary remunerated. The bombshell provision will enable companies to stay afloat and immediately bring back those employees when things are safe, Schumer said.
“Ladies and gentleman, we are done," White House legislative affairs director Eric Ueland said right before 1am after leaving Senate Majority Leader Mitch McConnell's office following negotiations that have spanned around the clock since last Friday. "We have a deal."
— Manu Raju (@mkraju) March 25, 2020
The unprecedented economic rescue package would give direct payments to most Americans, expand unemployment benefits and provide a $367 billion program for small businesses to keep making payroll while workers are forced to stay home.Advertisement - story continues below
One of the last issues to close concerned $500 billion for guaranteed, subsidized loans to larger industries, including a fight over how generous to be with the airlines, given that Democrats wanted them to abide by new carbon emissions restrictions. Hospitals would get significant help as well.
Here’s more COVID-19 randomness, via Twitter…
Gallup: Trump job approval soars 12 net points to 49-45, the best net approval of his entire presidency.
His approval by party:
Republicans 92 (+1)
Independents 43 (+8)
Democrats 13 (+6)
60% of Americans approve of his handling of coronavirus against 38% who do not. pic.twitter.com/wTth3T7lDY
— The Wokest Numbersmuncher (@NumbersMuncher) March 24, 2020
Soccer Star Luka Jovic Faces Jail Time For Breaking Quarantine To See Model GF https://t.co/MDSgH0triR
— TMZ (@TMZ) March 25, 2020
In an emotional Instagram video, Karl-Anthony Towns said that his mother is in a coma and connected to a ventilator after being diagnosed with the coronavirus. https://t.co/XhnMlrWT7v
— ESPN (@espn) March 25, 2020
Self Isolation, week 2 pic.twitter.com/sGi5xAq3v7
— Ricky Gervais (@rickygervais) March 24, 2020
Andri Ragettli is just casually doing hardcore parkour around his house for charity during quarantine while the rest of us are on our sixth straight hour of watching Netflix. https://t.co/kYDd9UIpJA
— BroBible (@BroBible) March 25, 2020
MLB, union make progress on contentious service-time questions, working to complete agreement. Story: https://t.co/tUNjsybKEB
— Ken Rosenthal (@Ken_Rosenthal) March 25, 2020
#America we have a #Senate bill that seems agreed upon. Some takeaways – $1200 or less 2 adults $500 kids, oversight committee along with IG to monitor the $500bn to big industry players, & substantial amount to support healthcare and state/local govt’s https://t.co/uB4JfCvVW2
— Phillip James Latham (@PhillipJLatham) March 25, 2020
#CoronavirusLockdownIn Turkey, people started leaving food packages on the road for the poor and those who couldn't make money because of #COVID19 #CoronavirusLockdown #coronavirus. 🇹🇷 ❤️🙏🏻💪🏻 https://t.co/piHea5ZzC4
— Ramon Fuller (@RamonFuller11) March 25, 2020
Mnuchin on coronavirus bill & the Hse: I can't speak for the Speaker. I hope she takes it up and she passes as is. We need this to get working for the American people. And, again, there are a lot of compromises. It's terrific bill, and it was a great accomplishment on everyone.
— Chad Pergram (@ChadPergram) March 25, 2020
Iran rejected coronavirus aid provided by Doctors Without Borders, an international medical humanitarian organization, which had sent a team of medical staff and a field hospital to Iran. https://t.co/W9s6p0oIyf
— ABC News (@ABC) March 25, 2020
STAY HOME: One Los Angeles County Sheriff's Department helicopter pilot took a creative approach to remind folks to stay home to stop the spread of coronavirus https://t.co/BcAeH3WJO6 (Photo credit: FlightRadar24) pic.twitter.com/ad9famz7bc
— CBS Los Angeles (@CBSLA) March 25, 2020
— News24 (@News24) March 25, 2020