Senate passes $8 billion emergency coronavirus package, sending it to Trump's desk | Markets Insider

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Senate passes $8 billion emergency coronavirus package, sending it to Trump's desk | Markets Insider
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Senate passes $8 billion emergency coronavirus package, sending it to Trump's desk

"This is a public health challenge that is upon us," Republican Senate Majority Leader Mitch McConnell said on the Senate floor."We need to support the federal, state and local public health officials and healthcare professionals who are working overtime to blunt, delay and mitigate the spread of the virus."

President Donald Trump is expected to sign the bill into law by the end of the week. The overwhelming passage in the upper chamber came after several days of negotiations and partisan spats over vaccine pricing, access to virtual healthcare and other issues. "As we confront this widening crisis, it is important to remember that we are not Republicans or Democrats seeking to score political points in addressing this threat. We are Americans," said Vermont Senator Patrick Leahy, the ranking Democrat on the Senate Appropriations Committee.

The bill includes more than $3 billion for the research and development of vaccines and diagnostics, roughly $2.2 billion to fund public health programs, and $1 billion for medical supplies and other preparedness measures. The legislation also offers low-interest

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