'What kind of value system is that?' Sen. Bernie Sanders slams GOP colleagues while debating $2 trillion relief package for the novel coronavirus, characterizing their efforts as favoring businesses over low-income individuals.
The Senate approved the bill late Wednesday. The House needs to pass the bill before it can reach President Donald Trump’s desk.
Full details of the package have yet to be released, but some elements of the proposal are being touted among Republican and Democratic leaders on Capitol Hill. A view of the Capitol's Rotunda is seen reflected in an ambulance as negotiations on a COVID-19 economic bailout continue on Capitol Hill, March 24, 2020, in Washington.Direct payments for most Americans taxpayers
It’s unclear how long it will take the Internal Revenue Service to process and calculate each and every payment. The White House has indicated that Americans could be seeing direct payments as soon as April 6.Expanded unemployment insurance The loans would be available during an emergency period ending at the of June, and would be forgiven if the employer pays its workers for the duration of the crisis., the deal also includes $10 billion in Small Business Administration emergency grants and up to $10 million of emergency relief per business. It allocates $17 billion for the SBA to cover six months of payment for small businesses with existing SBA loans.
A plane from Delta airline is seen above the skyline of Manhattan before it lands at JFK airport in New York, March 15, 2020.The plan includes loans for distressed companies from a $425 billion fund controlled by the Federal Reserve. An additional $75 billion would be available for industry-specific loans, including to airlines and hotels.
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