Schumer Cries 'Uncle': Deal Reached on $2 Trillion Package to Pay for Our 'Strange New Reality'
By Paula Bolyard March 25, 2020
Senate and White House negotiators reached an agreement early Wednesday morning on a $2 trillion stimulus package to help businesses and families affected by the coronavirus epidemic and to bolster the economy. The agreement clears the way for the package to sail through both houses of Congress on its way to President Trump. Treasury Secretary Steve Mnuchin told reporters that Trump will sign the bill as soon as it reaches his desk.“Ladies and gentlemen, we are done. We have a deal,†Eric Ueland, the White House legislative affairs director, announced at around 1 a.m., after five days of tense negotiations between leaders of the two parties and the White House.
Not long after, Senate Majority Leader Mitch McConnell (R-Ky.) and Minority Leader Chuck Schumer (D-N.Y.) took to the Senate floor to announce they had reached an agreement after a long day of negotiations with Mnuchin, Ueland, and others.
"It's good news for the doctors and nurses around the country who are waiting for more masks and more funding. It's good news for families across America. At last, we have a deal," McConnell announced. "After days of intense discussion the Senate has reached a bipartisan agreement on a historic relief package for this pandemic."
"It will rush new resources onto the front lines of this healthcare fight and it will inject trillions of dollars of cash into the economy as fast as possible to help American families, workers, small businesses, and industries and make it through this disruption and emerge ready to soar," he added.
The bill reportedly includes
$500 billion in loans to major corporations adversely affected by the crisis
$367 billion small business loans
$250 billion unemployment ins benefits
$250 billion in payments to families
$100 billion for hospitals
more
https://pjmedia.com/trending/schumer-takes-yes-for-an-answer-deal-reached-on-2-trillion-package-to-pay-for-our-strange-new-reality/