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Politics McConnell: 'Very close' to deal on economic relief bill ahead of Sunday vote

10:30  22 march  2020
10:30  22 march  2020 Source:   washingtonexaminer.com

Hopes of bipartisan deal rise as White House, Democrats negotiate coronavirus relief package

  Hopes of bipartisan deal rise as White House, Democrats negotiate coronavirus relief package The Trump administration and congressional Democrats moved toward a deal Thursday on an economic relief package.The talks between House Speaker Nancy Pelosi, Democrat of California, and Treasury Secretary Steven Mnuchin raised hopes on Capitol Hill that a bipartisan agreement was in reach — within days if not hours — to address the health catastrophe that has upended Washington and the nation.

Senate Majority Leader Mitch McConnell announced late Saturday all sides were “ very close ” to a McConnell instructed committee chairmen to assemble draft legislation. Officials put the price tag at “We are poised to deliver the significant relief that Americans need with the speed that this crisis

“Senator McConnell ’s bill is not pro-worker at all — it puts corporations ahead of people,” said Senator Chuck Schumer of New York, the minority leader.Erin Negotiations to secure a bipartisan deal on a far-reaching economic stimulus package moved ahead in the Senate on Friday amid dire fallout from

Senate Majority Leader Mitch McConnell announced late Saturday that Republicans, Democrats, and the Trump Administration are "very close to a resolution" on a massive coronavirus economic relief package made up of direct aid and loans that is likely to top $2 trillion.

a large crowd of people in front of United States Capitol © Provided by Washington Examiner

McConnell, a Kentucky Republican, said the relevant committees are now drafting the legislation ahead of procedural vote Sunday at 3 p.m.

“I believe Senators on both sides and the Administration have been encouraged by our discussions," McConnell said in a statement.

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McConnell hoped that vote would take place Sunday afternoon around 3:00 p.m. ET. The vote is procedural and would advance the “shell” of the White House Economic Adviser Larry Kudlow said that the stimulus package would total between .3 and .4 trillion before leverage from the Federal

McConnell : US Congress closer to trillion economic rescue deal . Senate leader Mitch McConnell said Saturday that Republicans and Democrats were nearing a deal on an economic The rebate check proposal included in the economic relief bill Senate Republicans released

"Republicans and Democrats have worked together to produce a compromise that should be able to pass the Senate with an overwhelming bipartisan majority," said.

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McConnell will meet Sunday with Minority Leader Chuck Schumer, a New York Democrat, House Speaker Nancy Pelosi, a California Democrat, and House Minority Leader Kevin McCarthy, a California Republican, to finalize the agreement, a source familiar with the meeting told the Washington Examiner.

Earlier Saturday, Senate Majority Whip John Thune, a South Dakota Republican, told reporters a deal was at hand, with only "loose ends" left to negotiate.

"We want to take swift, bold action that sends a clear signal to the American people and to the financial markets that we intend to get our economy back on its feet," Thune said.

McConnell says Republicans 'getting close' to a GOP deal on $1 trillion stimulus ahead of talks with Democrats

  McConnell says Republicans 'getting close' to a GOP deal on $1 trillion stimulus ahead of talks with Democrats Senate Republicans are racing to reach a GOP deal on a massive $1 trillion economic stimulus as the coronavirus crisis intensifies, despite facing criticism from Democrats who warn that efforts to swiftly pass a stimulus could be derailed if they are not included in negotiations now. © Drew Angerer/Getty Images Senate Majority Leader Mitch McConnell (R-KY) walks to the Senate floor for the start of impeachment trial proceedings at the U.S. Capitol on January 21, 2020 in Washington, DC. The Senate impeachment trial of U.S.

On The Money: McConnell sets first vote on coronavirus stimulus for Sunday | Five sticking points to a deal Negotiations to secure a bipartisan deal on a far-reaching economic stimulus package moved ahead in “Senator McConnell ’s bill is not pro-worker at all — it puts corporations ahead of people

"We are getting close ," McConnell told reporters. "We are working along and hoping to be together shortly." The rush to put together a GOP deal comes as lawmakers are scrambling to contain the economic and public health fallout from the rapid spread of the coronavirus across the United States.

The measure is a major bipartisan compromise with a huge price tag. The bill is aimed at propping an economy that has been slowed to a halt in an effort to stop the spread of the coronavirus.

The bill will provide $350 billion in aid for small businesses, $500 billion for direct cash payments to certain workers, hundreds of billions of dollars in loans to the airlines and other big industries, and greatly expanded unemployment insurance.

The measure includes additional funding to help the medical community test for and treat the those sickened by the virus.

"It will send direct relief to the American people, deliver historic assistance to small businesses so workers can keep getting paid, help secure our economic foundations and prevent layoffs, and surge more resources onto the front lines of our brave healthcare professionals' fight to defend Americans and defeat the virus," McConnell said.

Senate has struck a $2 trillion deal on coronavirus stimulus: Here's what's in it .
The massive legislation includes direct payments, an expansion of unemployment insurance, and loans for small businesses.“At last, we have a deal,” Senate Majority Leader Mitch McConnell said early Wednesday morning. “After days of intense discussions, the Senate has reached a bipartisan agreement on a historic relief package for this pandemic.” McConnell added the Senate will vote on the bill later in the day.

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