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Senate passes $2 trillion coronavirus stimulus bundle – EAST AUTO NEWS

Senate passes $2 trillion coronavirus stimulus bundle


Senate Majority Chief Mitch McConnell, R-Ky., proper, and Senate Minority Chief Charles Schumer, D-N.Y., make their option to the Senate ground after saying a two-year deal on the price range earlier within the day on February 7, 2018.

Tom Williams | CQ Roll Name | Getty Pictures

The Senate handed a historic $2 trillion coronavirus aid bundle Wednesday evening, because it tries to stem the destruction the pandemic has dropped at American lives and wallets. 

The invoice now heads to the Home, which can push to cross it Friday by voice vote as most representatives are out of Washington. 

The 880-page laws, crafted at a livid tempo in latest days, contains direct funds to people, stronger unemployment insurance coverage, loans and grants to companies and extra well being care assets for hospitals, states and municipalities. It contains necessities that insurance coverage suppliers cowl preventive companies for the coronavirus illness COVID-19.

The Senate handed the plan to fight the outbreak because the disaster began to skinny its ranks. Sen. Rand Paul, R-Ky., didn’t vote after testing constructive for COVID-19, and neither did GOP Sens. Mitt Romney and Mike Lee of Utah, each in isolation after contact with their colleague. Sen. John Thune, a South Dakota senator and second-ranking Republican, additionally missed the vote after feeling sick. 

Senate Majority Chief Mitch McConnell, R-Ky., mentioned the Senate wouldn’t return after the vote till April 20. Nevertheless, he mentioned the chamber can be “nimble.” 

“If circumstances require the Senate to return for a vote before April the 20th we’ll present at the least 24 hours of discover,” he mentioned. 

Earlier than passing the invoice, the Senate first rejected an modification proposed by Sen. Ben Sasse, R-Neb., to cap unemployment insurance coverage at a recipient’s earlier wages. It failed in a 48-48 vote. 

Sasse and three of his GOP colleagues threatened to delay passage of the laws if they may not get a vote on an modification. Sen. Bernie Sanders, I-Vt., then steered he might maintain up the invoice’s approval if they didn’t again down from their opposition. 

Whereas the snag induced fears the invoice wouldn’t cross, hitting U.S. inventory indexes simply earlier than markets closed Wednesday, it finally didn’t cease the Senate from approving the proposal. 

This story is growing. Please examine again for updates. 

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Senate passes $2 trillion coronavirus stimulus bundle – EAST AUTO NEWS
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