Sen. Chuck Schumer tells TheView there’s a “very strong provision” in COVID-19 stimulus bill that blocks “any powerful official,” including President Trump, from getting the loans. “The people in office should not write legislation that benefits them.”
March 25, 2020, 3:50 PMCatch up on the developing stories making headlines.
Senate Minority Leader Chuck Schumer speaks on the Senate floor at the Capitol, in Washington, March 21, 2020. MORE: Coronavirus government response updates: Negotiators agree in principle on $2 trillion stimulus bill This bill itself contains in it, among other things, direct funding for hospitals and medical first responders, expanded unemployment insurance for workers laid off or furloughed due to the COVID-19 closures, direct payments of $12,000 to American workers making a salary under $75,000 and scaled back appropriations for workers making up to $99,000. It also includes some relief for small businesses and loans for larger key industries.
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Trump businesses barred from getting coronavirus stimulus money, Schumer saysPresident Trump's businesses are barred from getting loans or investments under the new $2 trillion coronavirus stimulus deal, according to Senate Minority Leader Chuck Schumer.
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Mnuchin, Schumer optimistic on coronavirus stimulus package, say deal is closeThe legislation is believed to contain around $2 trillion in aid for workers and businesses.
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Schumer says it's unknown if stimulus deal is enough to offset the economic damage of coronavirusSenate Minority Leader Chuck Schumer said Wednesday he does not know if the $2 trillion stimulus deal reached early Wednesday, the largest emergency aid deal in history, will be enough to offset the economic damage of coronavirus given the uncertainty surrounding the pandemic.
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White House, Senate reach deal on massive $2 trillion coronavirus spending bill“At last we have a deal,' Senate Majority Leader Mitch McConnell announced shortly before 2 a.m. Wednesday morning.
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Schumer: Stimulus bill is like 'unemployment insurance on steroids'The novel coronavirus pandemic continues to spread worldwide, sending countries into lockdown with millions under movement restrictions. Follow here for live updates
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