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Senate Coronavirus Relief Package Now Ttops $2 Trillion Pelosi is also calling for more healthcare spending Rate Topic: -----

#1 User is offline   Liz 

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  Posted 21 March 2020 - 04:14 PM

Senate Coronavirus Relief Package Now Ttops $2 Trillion

Washington Examiner
by Susan Ferrechio
March 21, 2020 11:46 AM

Excerpt:

The massive coronavirus relief package being negotiated by Senate Republicans now tops $2 trillion.

Larry Kudlow, who is the head of the National Economic Council, said Saturday the initial $1 trillion price tag for the measure introduced by Republicans last week has doubled to more than $2 trillion.

Kudlow is huddling with Republicans in an effort to secure a deal in time for a Sunday procedural vote. He said part of the funding is federal loan guarantees. The cost without those loans will be between $1.3 trillion and $1.4 trillion, he said.

Kudlow did not indicate what additions in the legislation have added to the cost, but lawmakers are seeking expanded unemployment insurance as well as higher direct cash payments to lower-income earners who may not have qualified for full payment of $1,200 that the legislation initially proposed.

Democrats are making demands in exchange for their support for the bill, which is aimed at stabilizing the economy, which has been stalled by efforts to stop the spread of the virus.

In a memo to Democrats late Friday, Speaker Nancy Pelosi, a California Democrat, called the initial GOP proposal “a nonstarter” and said any legislation “must greatly increase Unemployment Insurance and Medicaid, help small businesses survive, expand paid sick and family leave and put money directly into the hands of those who need it most. “

Pelosi is also calling for more healthcare spending to help combat the spread of the coronavirus.

The legislation, she said, must focus on “rebuilding our healthcare infrastructure on a national scale and securing the resources to test and treat everyone.”

Democrats have started to introduce their own spending plans, even as they negotiate with the Senate GOP.

*snip*

Full Article
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#2 User is offline   satellite66 

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Posted 21 March 2020 - 06:40 PM

It's an election year both sides are trying to gain advantage by throwing money under the guise of relief and stimulus
I predict the stimulus won't be used by a majority to carry them it will be like found money burning a hole in their pockets. Katrina debit cards come to mind for me
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#3 User is offline   Rock N' Roll Right Winger 

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Posted 21 March 2020 - 06:49 PM

I wonder how much of this money will be going to the people instead of big fat corporations and banks?

My bet is that the most of it will be going to the corporations and banks.
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#4 User is offline   gravelrash 

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Posted 21 March 2020 - 07:25 PM

Quote

In a memo to Democrats late Friday, Speaker Nancy Pelosi, a California Democrat, called the initial GOP proposal “a nonstarter” and said any legislation “must greatly increase Unemployment Insurance and Medicaid, help small businesses survive, expand paid sick and family leave and put money directly into the hands of those who need it most. “


A Samaritan and Nancy Pelosi are traveling to Jerusalem when they see a man who had been beaten by robbers and stripped of his clothes lying on the road...
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