Lawmakers from both parties and White House officials are set to resume talks on efforts to help Americans and businesses hurt by the coronavirus pandemic.
It was an extraordinary moment in Washington: Congress undertaking the most ambitious federal effort yet to shore up households and the U.S. economy and an angry president lashing out at all comers. All while the global pandemic and itsgrip an anxious, isolated population bracing for a healthcare crisis and looming recession.
While key negotiators said they made progress during the daylong talks, they failed to hit an end-of-day deadline to strike a deal. Talks broke around 10:30 p.m. At the White House, Trump welcomed the stimulus plan, believing it is needed to stabilize the economy. Trump told the Democratic leader he would do it — and then Schumer said the president could be heard yelling to someone in his office “get it done.”
Unveiled Thursday, McConnell’s rescue proposal from Republicans builds on Trump’s request for Congress to “go big.”The GOP plan proposes $300 billion for small businesses to keep idled workers on payroll and $208 billion in loans to airlines and other industries. It also seeks to relax a just-enacted family and medical leave mandate on small to medium-sized businesses from an earlier rescue package.
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