U.S. lawmakers finalize provisions for $2 trillion stimulus bill in response to pandemic

After days of intense discussions, the Senate has reached a bi-partisan agreement on a historic $2 trillion relief package for the coronavirus pandemic.

The new economic relief bill will usher in resources to the front lines of the health care fight and it will immediately inject trillions of dollars into the economy to help American workers, families, small businesses and industries.

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 workers even if they’re forced to stay home.

There will also be $500 billion worth of guaranteed, subsidized loans provided to larger industries, including airlines and hospitals.

The bill is expected to formally pass and be voted on the floor late Wednesday.

Meanwhile, the fight for medical supplies is far from over, as many governors are appealing for the federal government to step in amid a free-market bidding war for essential life-saving equipment and protective gear for hospitals.

Appearing on CNN, Kentucky Governor Andy Beshear expressed his frustration on how his state lost out in bidding against the Federal Emergency Management Agency or FEMA for protective equipment.

He said it’s frustrating to hear the federal government tell them to find their own supply chains and in the end lost out on a bid against the federal government.

New York Governor Andrew Cuomo is appealing for president trump to use his powers in the defense production act.

His state has failed to get the ventilators they need and he feels if the White House can step in and order certain companies to make more and deliver rather than wait for volunteerism, they can save more lives.

The latest numbers from Johns Hopkins University on Wednesday noon had the U.S. with more than 61,000 cases of COVID-19 with close to 900 deaths.

No Comment

Leave a Reply

*

*

POPULAR POSTS