The U.S. Senate on Tuesday was negotiating a nearly $2 trillion emergency bill t...
WASHINGTON - The U.S. Senate on Tuesday was negotiating a nearly $2 trillion emergency bill that aims to counter some of the economic toll of the coronavirus pandemic.
- About $500 billion in direct payments to people, in two waves of checks of up to $1,200 for an individual earning up to $75,000 a year. Additional payments for families with children could push the total to $3,000 for a family of four, according to Treasury Secretary Steven Mnuchin, who has played a key role in the negotiations.
Also, the Treasury secretary would have to provide testimony to the board on transactions, and there would be restrictions on things like stock buybacks and chief executive pay at companies that received help. - Some $250 billion for expanding unemployment insurance. Republicans say they agreed to that in response to Democratic demands.
- The White House has proposed $45.8 billion for federal agencies; both Democrats and Republicans want more.
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