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Politics Schumer 'confident' stimulus coronavirus deal will be reached Monday

19:15  23 march  2020
19:15  23 march  2020 Source:   thehill.com

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A final bipartisan deal to respond to the toll of the spread of coronavirus has not yet been reached , but talks are expected to continue into Sunday evening. Earlier in the day, Schumer had said there were "serious issues" with the current proposal and negotiators would be meeting soon to try and iron

On Sunday morning, Mnuchin said a deal was imminent. Topline: Republican and Democratic leaders are rushing to secure a deal on a sweeping economic stimulus bill intended to shore up the economy during the coronavirus crisis; on Sunday morning, Treasury Secretary Steven Mnuchin told

Senate Minority Leader Charles Schumer (D-N.Y.) said on Monday that congressional leaders and Treasury Secretary Steven Mnuchin would reach a deal on a massive coronavirus stimulus package later in the day.

Chuck Schumer wearing a suit and tie: Schumer 'confident' stimulus coronavirus deal will be reached Monday © Bonnie Cash Schumer 'confident' stimulus coronavirus deal will be reached Monday

"We're very close to reaching a deal, very close, and our goal is to reach a deal today, and we're hopeful, even confident that we will meet that goal," Schumer said from the Senate floor.

Schumer and Mnuchin met at least seven times on Sunday, and restarted negotiations around 9 a.m. on Monday.

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Negotiations over a mammoth stimulus package to address the coronavirus crisis spilled over into Monday as top members of leadership and administration officials tried to revive hopes of a bipartisan deal .

Hopes for a quick agreement on a proposed stimulus bill worth up to trn to help cope with the coronavirus pandemic took a blow when a top Her comments dented hopes for a bipartisan deal being agreed as early as Monday – although with the top Democrat in the Senate, Chuck Schumer

But Schumer said that there were still a "few outstanding issues," including hundreds of billions in aid to corporations that Democrats are calling a "slush fund." Democrats have also pointed to a provision they say would let Mnuchin authorize loans or grants but not disclose the recipients for six months.

Democrats late Sunday blocked the stimulus package from moving forward in the Senate.

"The bill still includes something that most Americans don't want to see. Large corporate bailouts with almost no strings attached," Schumer said on Monday.

Schumer's comments come after Senate Majority Leader Mitch McConnell (R-Ky.) lashed out at Democrats from the floor.

"This body can't get its act together. And the only reason it can't get its act together is right over here on the other side of the aisle," McConnell said.

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Investors and consumers alike have been anxiously awaiting the passage of an economic stimulus bill worth more than trillion; on Sunday morning, Mnuchin told Fox News that he believed he has reached a “fundamental understanding” with Mitch McConnell and Chuck Schumer .

The United States Senate voted down a proposed coronavirus stimulus bill with both sides pointing the finger at the other.

Tensions were running high in the Senate on Monday, as Democrats temporarily blocked Sen. Susan Collins (R-Maine) from speaking from the floor as they tried to get clarity on the chamber's schedule. Collins called the tactics "unbelievable."

The back-and-forth on the floor comes as Schumer and Mnuchin have signaled they are closer to a deal. Mnuchin told reporters that he expects a deal and a "big vote" on Monday.

Schumer added that he expected to "conclude negotiations today."

"The negotiations continue no more than 30 feet away from the floor of the Senate in our offices where the real progress is taking place. Once we have an agreement that everyone can get behind, we're prepared to speed up the consideration of that agreement on the floor," Schumer added.

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