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White House, Senate reach late-night deal on massive $2T coronavirus stimulus package

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The White House and Senate leaders reached a breakthrough deal shortly after midnight Wednesday on a massive and historic $2 trillion coronavirus relief package for workers and businesses, capping days of heated negotiations that had nearly been derailed by last-minute demands from House Democrats.

“Ladies and gentleman, we are done,” White House legislative affairs director Eric Ueland announced as he left the office of Senate Majority Leader Mitch McConnell, R-Ky., near midnight. “We have a deal.”

Ueland told reporters that “much of the work on bill text has been completed, and I’m hopeful over the next few hours we’ll finish what’s left and we will circulate it early in the morning.”

Senate Minority Leader Chuck Schumer, D-N.Y., said the bill amounts to “unemployment compensation on steroids,” and that every American who is laid off will have their missed salary remunerated. That provision will enable companies to stay afloat and immediately bring back those employees when things are safe‬, Schumer said.

The unprecedented economic rescue package would give direct payments to most Americans, expand unemployment benefits and provide a $367 billion program for small businesses to keep making payroll while workers are forced to stay home.

One of the last issues to close concerned $500 billion for guaranteed, subsidized loans to larger industries, including a fight over how generous to be with the airlines, given that Democrats wanted them to abide by new carbon emissions restrictions. Hospitals would get significant help as well.

In a letter to his colleagues, Schumer remarked, “Democrats are ready to give our unanimous consent to speed up the consideration of the bill and get the job done.“ That means that if there are no objections from Republicans, the Senate could clear the bill without a formal roll call vote. Parliamentarily, that is the fastest way to move something on the floor.

A senior GOP source told Fox News contributor and Townhall.com editor Guy Benson that the move was a face-saving exercise by Schumer, and that he was trying to “take credit” for a GOP bill that he filibustered for “small ball” alterations. Democrats, the source said, couldn’t drag the situation out much longer; economic conditions have worsened dramatically, and President Trump’s approval rating has risen.

Senate Majority Leader Mitch McConnell of Ky. walks to the Senate chamber on Capitol Hill in Washington, Tuesday, March 24, 2020. (AP Photo/Patrick Semansky)

McConnell said the Senate will meet at 12 p.m. ET on Wednesday, but did not set a time for a vote. By rule, the procedural vote to begin debate on the coronavirus package would happen at 1 p.m. ET, unless the Senate scraps that vote‬.

“Democrats are finally taking ‘yes’ for an answer,” McConnell said in his remarks on the Senate floor early Wednesday morning. “Help is on the way.”

“After days of intense discussions, the Senate has reached a bipartisan agreement on a historic relief package for this pandemic,” he continued. “It will rush new resources onto the front lines of our nation’s health care fight. And it will inject trillions of dollars of cash into the economy as fast as possible to help Americans workers, families, small businesses and industries make it through this disruption and emerge on the other side ready to soar.”

Treasury Secretary Steven Mnuchin, who was smiling after McConnell left the floor, told reporters: “This is a very important bipartisan piece of legislation that is going to be very important to help American workers, American business and people across America. So, we couldn’t be more pleased. I’ve spoken to the president, many times today, and he’s very pleased with this legislation, and the impact that this is going to have.”

Concerning the House, Mnuchin remarked, “I can’t speak for the Speaker. I hope she takes it up and she passes as-is. We need, we need this to get working for the American people. And, again, there are a lot of compromises. It’s terrific bill, and it was a great accomplishment on everyone.”

However, Mnuchin spoke, Michigan independent Rep. Justin Amash, who recently left the Republican Party, signaled that he might essentially delay consideration of the bill in the House. The lower chamber may seek to pass the legislation via unanimous consent because many members are not in Washington — but a single member can ruin that plan.

The House used unanimous consent during the 1918 flu pandemic as well.

Treasury Secretary Steven Mnuchin, left, accompanied by White House Legislative Affairs Director Eric Ueland and acting White House chief of staff Mark Meadows, speaks with reporters as he walks to the offices of Senate Majority Leader Mitch McConnell of Ky. on Capitol Hill in Washington, Tuesday, March 24, 2020. (AP Photo/Patrick Semansky)

“This bipartisan deal is a raw deal for the people,” Amash tweeted. “It does far too little for those who need the most help, while providing hundreds of billions in corporate welfare, massively growing government, inhibiting economic adaptation, and widening the gap between the rich and the poor.”

The deal came hours after President Trump’s top economic adviser said an unprecedented $6 trillion stimulus plan was imminent, including $4 trillion in liquidity from the Federal Reserve and $2 trillion in new money from Congress.

Tensions then abruptly ratcheted back up again on Capitol Hill Tuesday night — with Republican Sens. Lindsey Graham and Steve Daines taking to the Senate floor and calling for an end to negotiations because, as Graham put it, Democrats were “nickel-and-diming at a time when people are dying — literally dying.”

Graham and Daines’ late-night push for an immediate vote on a stimulus bill came after tensions seemingly had cooled in Congress during the day, sending the Dow Jones Industrial Average to its highest point gain in its history as leaders from both parties signaled that an agreement could be within reach.

Shares advanced in Asia on Wednesday after the Dow Jones Industrial Average surged to its best day since 1933 as Congress and the White House neared a deal. Japan’s Nikkei 225 index jumped 5.3 percent, while Hong Kong added 3 percent and Sydney climbed 3.6 percent. Markets across Asia were all up more than 2 percent.

“Ladies and gentleman, we are done. We have a deal.”— White House legislative affairs director Eric Ueland

But, the Republicans said late Tuesday, Democrats were still seeking new payouts that were delaying a vote on a final bill.

“In case you’re watching,” Graham said in reference to the president, his voice rising, “tell [Treasury Secretary] Steven Mnuchin to come back to the White House and end negotiations. I think I understand the give-and-take of life and politics, but I’ve been called by two good friends on the Democratic side in the last five or six hours wanting more money. End the negotiations.”

He added: “This bill is $2 trillion. There’s a ton of money in this bill for people who need it, but what we’re doing now is, every special-interest group in town is trying to get a little bit more.”

“Listen, we were told we are at the one-yard line last night to get this done,” Daines, who led the colloquy with Graham, said from the Senate floor. “All I’ve got to say is, the Senate may think it’s at the one-yard line right now, but Montanans are getting sacked. In fact, our unemployment claims in Montana since march 17th, we just looked it up 15 minutes ago, 14,350 Montanans have filed for unemployment in the last week.”

Monday had been marked with furious debate on the Senate floor, as Republicans accused House Democrats of proposing an alternative stimulus bill that was full of unnecessary progressive wishlist items. Senate Democrats in the meantime repeatedly blocked the Republican stimulus bill, which would require 60 votes to survive.

The bill offered by House Speaker Nancy Pelosi, D-Calif., included measures to restrict airlines’ carbon emissions, protect illegal immigrants, provide for same-day voter registration, pay off billions in student loan debt, encourage federal agencies to employ “minority banks,” bail out the U.S. Postal Service and even fund the John F. Kennedy Center for the Performing Arts.

“There is a whole concern in our country that if we’re giving tens of billions of dollars to the airlines, that we could at least have a shared value about what happens to the environment,” Pelosi said Tuesday.

House Speaker Nancy Pelosi of Calif. speaks outside her office on Capitol Hill, Monday, March 23, 2020. (AP Photo/Andrew Harnik, Pool)

Republicans, including the president, have called the measures irrelevant “nonsense” and total nonstarters. After Democrats signaled they might be willing to negotiate away some of their proposals, though, the Dow surged and lawmakers appeared optimistic.

Democrats have argued the GOP package would do too much for large corporations and not enough for workers, and inaccurately suggested that the treasury secretary would have unilateral control over a massive “slush fund.”

“This is ridiculous,” Graham continued Tuesday night. “Steven Mnuchin has done a good job. I appreciate his efforts to negotiate a bill that will help America. Senator [Mitch] McConnell says we’re on the two-yard line. I believe the problem is that there are 20 people playing defense, and we need to take some people off the field. What bothers me is that at that late hour, I’m still getting calls from people wanting more money.”

President Trump with Dr. Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases, during a briefing at the White House on Tuesday. (AP Photo/Alex Brandon)

Graham and Daines’ frustration was matched by many of his colleagues. Louisiana GOP Sen. John Kennedy told Fox News’ Sean Hannity late Tuesday that while the coronavirus “can kill you,” so can “hunger.”

Shortly before Graham and Daines spoke, Trump declared at a coronovirus task force briefing that the country was nearing “the end of our historic battle” with “the invisible enemy” of coronavirus. Trump’s approval numbers hit their highest point ever this week, with 60 percent of Americans approving of his coronavirus response efforts.

The president also sounded an unexpectedly magnanimous note: “I also want to thank Congress, because whether or not we’re happy that they haven’t quite gotten there yet, they have been working long hours. I’m talking Republicans and Democrats, all of them, the House, the Senate. I want to thank Congress because they are really trying to get there, and I think they will.”

Then, Director of the U.S. National Economic Council Larry Kudlow specifically said the new coronavirus bill working its way through congressional gridlock would total $6 trillion: $4 trillion in liquidity from the Federal Reserve and $2 trillion in new money. Typical annual appropriations from Congress in a given fiscal year are around $1.2-4 trillion, with total expenditures roughly $4.3 trillion.

“This package will be the single largest Main Street assistance program in the history of the United States,” Kudlow said, adding that negotiations would continue into the evening but that a vote was imminent.

Meanwhile, there was some good news inside the White House grounds. As the briefing concluded, White House press Secretary Stephanie Grisham, who has been quarantined since coming in contact with Brazilian officials almost two weeks ago and working from home, revealed she has received negative COVID-19 test results and will be back to work Wednesday.

Grisham will return as the Trump administration increasingly has sought to project optimism. The president, who tweeted Sunday that “WE CANNOT LET THE CURE BE WORSE THAN THE PROBLEM ITSELF,” declared at the Fox News virtual town hall that he “would love to have the country opened up and just raring to go by Easter.”

Treasury Secretary Steven Mnuchin, center, on his way to the offices of Senate Majority Leader Mitch McConnell on Monday. (AP Photo/Andrew Harnik)

Pressed by Fox News’ John Roberts on the timeline, Trump said at the briefing: “We’ll be looking at a lot of things — we’ll also be looking at very large portions of our country, but I’ll be guided very much by Dr. [Anthony] Fauci, and by Deborah [Birx].”

Fauci, the longtime head of the National Institute of Allergy and Infectious Diseases, whose absence from recent coronavirus briefings triggered a wave of speculation in the media, said the timeline was still “flexible.”

Democrats have reacted furiously to Trump’s new timeline for relaxing economic restrictions, with Hillary Clinton suggesting people would “needlessly die,” and Joe Biden accusing Trump of spreading “misinformation.”

“This a–hole and his rich friends are too stupid to get that we can only get through this together,” former Obama speechwriter Jon Favreau wrote. “Everyone is at risk from the virus. Everyone suffers when there aren’t enough hospital beds. Everyone struggles when millions are too sick to work.”

Fellow Obama communications alum Tommy Vietor, meanwhile, deleted a tweet lamenting that he was reduced to drinking red wine in the shower during the economic shutdown.

21 Comments

  1. I STAND BESIDE PRESIDENT TRUMP

    March 25, 2020 at 4:16 am

    I PRAY That the Republicans didn’t give into ALL the Pork garbage that the Demonutz wanted .
    If they agree , WE can’t ever go back.
    Make sure to look at the Garbage Piglosi added to the Bill.
    Please Please Do Not Agree to their garbage. We can hang in !!

    PRESIDENT TRUMP & VP PENCE 2020 KAG

    • tony wise

      March 25, 2020 at 7:14 am

      Amen—Don t give in to pisslosi and the democrats. They are sneaky devious fraudulent phonies

  2. Ross

    March 25, 2020 at 4:36 am

    Please remove EVERYTHING not essential from
    this bill. No reducing student loans. Money
    for art centers..the 300 million for illegals. LET THE AMERICAN PEOPLE SEE THE ENTIRE PROPOSED BILL FROM PELOSI..THEN
    LOOK UP THE DEFINITION OF EXTORTION…
    REMEMBER WHEN IT IS TIME TO VOTE HOW SHE
    ATTEMPTED TO HOLD US HOSTAGE WITH HER WISH
    LIST INCLUDING ADDITIONAL FUNDING FOR
    PLANNED PARENTHOOD…
    WAKE UP AMERICANS AND SEE THE DERANGED
    DIRECTION THE DEMONRATS HAVE TAKEN.
    SUPPORT PRESIDENT TRUMP..YOUR FREEDOM
    DEPENDS ON IT…..

    • Glenn Falzo

      March 25, 2020 at 5:09 am

      Does “Quid-Pro-Quo come to mind? This is PERFECT EXAMPLE, SHE MUST HAVE TAKEN IT FROM “SLEEPY JOE’S” PLAY BOOK! Maybe SHE should be IMPEACHED!

  3. Donald Blanchette

    March 25, 2020 at 4:44 am

    What a great bunch of americans the democrats are. Take an oppurtunity to ram through all their pet projects while people are starving. Shows everyone what a bunch of jerks have taken over the party. Used to be a great party but now they have been taken over by socialists, opportunists and basically uncaring idiots. I have a lot of democratic friends who I hope have had their eyes opened during this crisis, but you know I doubt it.

    • jrhunt

      March 25, 2020 at 5:54 am

      Donald Blanchette,I hate to bust anyone’s bubble,but the democrat party has never been a great party,its just that now the party is laden down with communist or at least sympathizers of communism,this socialism kick the liberals are on will lead the to Communism sense that is the goal of Socialism,the democrat followers have been deceived for years,they have projected themselves to be something that they have never been and convinced people they are our saviors who have come to save us from those evil republicans,they were the original slave masters that brought on the last civil war and most if not all are Globalist one world Government freaks who want open borders and are working hard toward that goal.

    • Anonymous

      March 25, 2020 at 6:15 am

      👍👍🙏🙏🙏🇺🇸🇺🇸🇺🇸🇺🇸

  4. Michael Sarkies

    March 25, 2020 at 5:28 am

    I stand with President Trump. I also want all “extras” the dems put in the bill to be removed or the bill needs to be vetoed.

    • tony wise

      March 25, 2020 at 7:16 am

      I m with you Sarkies

  5. James Hall

    March 25, 2020 at 5:44 am

    I want the American people to look at the Democrats now an see how they got rich off the American taxpayers all these years TAKE agood look at what all in the Bill what a bunch of shit they could care less about American citizens Pelosi what a peice of crap.

  6. Linda H. Anderson

    March 25, 2020 at 6:25 am

    All Americans have a right to see the bill before it goes to the President. I hope and pray that not one thing that Pelosi has proposed will be in that final bill. Republicans, you need to stand firm and tell Pelosi to retire.

  7. Stephen vickers

    March 25, 2020 at 6:28 am

    As the great thinker Forrest Gump in his book of quotes said ” stupid is as stupid does”. I believe Congress has lost their minds.

  8. Jim

    March 25, 2020 at 6:30 am

    Look up for your redemption is near..

  9. J TM

    March 25, 2020 at 7:39 am

    I too stand with Trump. I don’t like dem putting garbage into the bill. I don’t trust Democrats. Pelosi and Schumer need to go. Go trump

  10. russell d remmert

    March 25, 2020 at 10:59 am

    Democrats always add pork you cannot trust them

  11. Hal Lemoyne

    March 25, 2020 at 3:54 pm

    Go To Hell demoncrat lawmakers

    and thank you
    ❤👍💥CHRISTrumPence2016-2028 and our/his US TRUMPlicans successfully US Landslide Reelected assuredly
    Amen & Amen💥👍❤

    • cheyenne delamater

      March 25, 2020 at 5:19 pm

      Why is it that people who don’t have to file taxes don’t get a check from the government in that stimulus package?

  12. cheyenne delamater

    March 25, 2020 at 5:21 pm

    Why is it that people who don’t have to file taxes don’t get a check from the government in that stimulus package?

    • cheyenne delamater

      March 25, 2020 at 5:24 pm

      I have been on disability for for 2 years now and in your stimulus package because I don’t have to file taxes I won’t be getting a stimulus check from the government. What kind of crap is that?.

  13. swiftair

    March 25, 2020 at 7:52 pm

    How long will EVERYONE remember this crap the Dems are doing –
    Will you remember this ? – come Nov voting time ? – Don’t talk Big now and then forget and vote for them in Nov! We cannot afford to lose Trump!!
    Vote Trump & all Republicans in NOV!

  14. Tess

    March 26, 2020 at 12:29 am

    I BEG EVERY AMERICAN VOTER TO REMEMBER WHAT PELOSI AND HER GROUP OF ANTI AMERICAN THIEVES HAVE TRIED TO DO WHILE OUR REPUBLIC IS IN A MEDICAL CRISIS. THIS IS NOT THE TIME FOR THE TRUMP HATERS TO TRY TO PULL ANOTHER BUNCH OF CRAP!! PRESIDENT TRUMP AND VP. PENCE WITH A TEAM OF GREAT AMERICANS ARE WORKING LONG AND EXASPERATING HOURS.
    AMERICANS UNITED AND ALL PULLING TOGETHER WILL GET THRU THIS VIRUS CRISIS. AMERICA WILL GET BACK TO WHAT THE PRESIDENT HAS WORKED SO HARD TO KEEP HIS CAMPAIGN PROMISES ABOUT.. TRUMP WILL KEEP AMERICA GREAT. GOD BLESS IS ALL AND GOD BLESS AMERICA.

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