Democrats and Republicans in the divided U.S. Congress said they were close to a...
WASHINGTON - Democrats and Republicans in the divided U.S. Congress said they were close to a deal on a $2 trillion stimulus package to limit the coronavirus pandemic’s economic toll, but a vote on the bill on Tuesday looked increasingly unlikely as talks stretched on.
The money at stake in the stimulus legislation amounts to more than what the U.S. government spends on national defence, scientific research, highway construction and other discretionary programs. The bill calls for an inspector general and a bipartisan congressional panel to monitor the industrial aid, sources said.
Democrats have twice blocked attempts to advance a Republican-authored stimulus bill in the Senate, saying it did not provide enough money for states and hospitals, lacked sufficient aid for unemployed Americans and provided inadequate supervision of the massive fund to aid big businesses. Some Democrats on a conference call grumbled about being asked to pass the bill by unanimous consent. One moderate, Representative Stephanie Murphy, said the bill should contain only provisions directly related to the pandemic response.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Congress nears $2 trillion deal for virus-hit US economy as Dow surgesStocks surge on Wall Street, sending Dow Jones up more than 2,100 points – biggest-ever point gain since 1933 – as Congress nears a deal to mitigate damage from coronavirus outbreak.
Read more »
BJ's Wholesale temporarily raises hourly wages by $2, offers bonuses from $500 to $1,000BJ's Wholesale Club Holdings Inc. said Monday that it is raising hourly wages by $2 across the company from March 23 until at least April 12. The retailer is also offering a one-time bonus ranging from $500 to $1,000 to managers and key personnel at the end of March. BJ's also announced over the weekend that it would make special shopping hours available to customers ages 60 and over. BJ's stock is down 2.5% in Monday trading, and down 7.4% over the last year. The S&P 500 index has tumbled 19.1% for the past 12 months.
Read more »
Theater Owners Boss “Hopeful” That $2 Trillion Stimulus Package Will Have Bipartisan Compromise SoonDespite Senate Democrats blocking the near $2 trillion stimulus package intended to rescue the U.S. economy during the coronavirus crisis, the National Association of Theatre Owners chief John Fith…
Read more »
Factbox: What's in the nearly $2 trillion U.S. Senate coronavirus stimulus?The U.S. Senate on Tuesday was negotiating a nearly $2 trillion emergency bill t...
Read more »
Dow surges 11% for its best day since 1933 as $2 trillion coronavirus aid package nears approval | Markets InsiderDow spikes 2,113 points on coronavirus bill optimism. It’s a massive stock rally — the biggest gain since 1933 — amid multiple reports that a coronavirus economic aid package is coming soon.
Read more »
Coronavirus live updates: Trump suggests reopening in weeks; $2 trillion stimulus bill stalled; Wuhan to lift lockdown; US deaths near 600Donald Trump says he wants to return to normal sooner rather than later. The U.S. death toll is near 600. Wuhan, China will lift its lockdown April 8.
Read more »