Schumer: Government will pay four months of full salary for furloughed workers in stimulus proposal

[mystery-ak]

Schumer: Government will pay four months of full salary for furloughed workers in stimulus proposal
By Alexander Bolton - 03/24/20 12:18 PM EDT

The federal government will pay the full salaries of furloughed workers for up to four months under an emerging stimulus deal expected to get a vote as soon as Tuesday.

Senate Democratic Leader Charles Schumer (N.Y.), who is negotiating the agreement with Treasury Secretary Steve Mnuchin, called the bipartisan agreement on unemployment benefits “as unemployment insurance on steroids.”

The proposal would allow furloughed workers to continue to collect health benefits from employers and a salary from the government.

“You can keep getting them, but, and most importantly the federal government will pay your salary, your full salary for now four months,” Schumer said on the floor.

“We had asked for four months and four months looks like what we’re going to get when we come this agreement,” he added.

Schumer also said he believed a deal was imminent, describing negotiators as being on the two-yard-line after they were on the five-yard-line on Monday.

He said there are a few outstanding issues but predicted “I don’t see any that can’t be overcome within the next few hours.”

Republicans over the weekend proposed three months of beefed-up unemployment benefits.

The assistance will apply to non-profit and government workers in addition to private-sector employees, according to a person familiar with the negotiations.

Schumer said Democrats are also pleased with funding for hospitals, which sources say will be $100 billion, and an inspector general and oversight board for a $500 billion corporate credit program that will be run by the Treasury Department and allow the Federal Reserve to inject more than $4 trillion into the economy and credit markets.

“We all know there was a load of dissatisfaction with TARP,” he said, referring to the controversial Troubled Asset Relief Program Congress set up during the 2008-2009 financial crisis.

Markets are up Tuesday on the news that a deal in the Senate could be imminent.

https://thehill.com/homenews/senate/489219-schumer-government-will-pay-four-months-of-full-salary-for-furloughed-workers

[Formerly Once-Ler]

Maybe I can afford 2 TVs when the dust settles.

[The_Reader_David]

Salary?  How about hourly wages?  How about tips?  If you're getting a salary, you're probably okay even without the feds helping.  Yes, there will be some who won't be, but it's the people on hourly wages, esp. those who need tips to make a decent living, who are most harmed by the shutdown of the economy.

[Cyber Liberty]

So why did you have your Senators vote against it, if it's so great?

[Formerly Once-Ler]

So why did you have your Senators vote against it, if it's so great?

If that is directed at Schumer it is a great question @Cyber Liberty .

Republicans over the weekend proposed three months of beefed-up unemployment benefits.

Does Schumer expect me to believe the Senate couldn't agree on more aid if it was found wanting in 2 months?

no sarcasm tag coming

[Cyber Liberty]

If that is directed at Schumer it is a great question @Cyber Liberty .

Does Schumer expect me to believe the Senate couldn't agree on more aid if it was found wanting in 2 months?

no sarcasm tag coming

Yes, it was directed at Chuckles the Clown...And no sarcasm detected....