Congressional and administration negotiators reached agreement on a $2 trillion emergency relief package to counter the immediate and long-term economic impact of the coronavirus pandemic
McConnell and Schumer announced the biggest deal of all. Photo: Alex Wong/Sarah Silbiger/Bloomberg via/Getty Images In the wee hours of Wednesday morning, after lots of wrangling and threats and a premature celebration by the stock market, congressional and administration negotiators reached agreement on a $2 trillion emergency relief package to counter the immediate and long-term economic impact of the coronavirus pandemic.
Details won’t be available until some time later on March 25, and actual bill text may barely be done before Senate and House votes, so there are many items of dispute whose conclusion remains unknown at this early point . Some late-night compromises did leak out, per the Washington Post: The procedure for enacting this legislation is hazy. The Senate is expected to approve it first, probably on Wednesday, without a lot of dissension, since Mitch McConnell and Chuck Schumer were in the forefront of negotiations and together announced the deal on the Senate floor overnight.
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