US Senate stops Republican coronavirus bill

US Senate stops Republican coronavirus bill

"I think it's safe to say we're very close", Republican Senate Majority Leader Mitch McConnell told a news conference after an hour of talks with top lawmakers, saying he expected a Senate vote on Monday.

Following two successful emergency aid bills, this latest effort includes financial aid for regular Americans, small businesses and critically affected industries, including airlines.

"Even if Democrats reverse course tomorrow, the vote they cast today will nearly certainly cause more Americans to lose their jobs and more seniors hard-earned retirement savings to literally evaporate", he said.

The legislation, which was introduced by Republicans on Thursday, failed to advance on a 47-47 procedural vote with 60 votes needed to pass.

The speaker of the House of Representatives, Nancy Pelosi, said that Democrats in that chamber will begin crafting an alternative bill.

"It included a large corporate bailout provision with no protections for workers and virtually no oversight", Schumer said.

"We're going to have this...vote once more sooner or later of my opting for and optimistically some adults will display up at the different facet of the room and perceive the gravity of the location and the wish to act ahead of the markets cross down additional and the American other folks transform much more depressed about our loss of talent to return in combination below probably the most odd of cases", McConnell mentioned. Rand Paul of Kentucky, an ophthalmologist by profession, announced that he had contracted the coronavirus, the first senator and the third member of Congress to test positive.

Lawmakers and administration officials had hoped to reach an agreement on a deal totalling $1.3 trillion so both chambers of Congress could approve it as the week opened on Monday and before financial markets again react adversely to the crisis.

"I think that the Democrats want to get there, and. the Republicans want to get there", he said. Congressional leaders say this part of the aid package would extend to individuals earning up to $99,000 annually and married couples up to $198,000, which covers about 91% of USA households. Democrats, not surprisingly, saw this as a bridge too far. "The only reason a deal couldn't get done is pure politics".

They also came as the death toll and contagion confirmations continued to rise - especially in hotspots like NY - and as local and state officials nationwide warned of dire consequences absent more aggressive federal action.

Former Vice President Joe Biden, the leading Democratic candidate to challenge Trump in the November U.S. presidential election, blasted the president's handling of the crisis.

Earlier this month, President Trump signed into law an $8 billion coronavirus response package, which boosted funding for testing of the virus and lowered costs for related medical treatments. "Stop lying and start acting".

Mnuchin also said it would give small businesses enough cash to pay laid-off workers for two weeks, provide direct cash payments to Americans (about $3,000 for a family of four, he said), and enhance unemployment insurance for those laid off.

Democrats objected to Republicans' plan to provide $500 billion for the Treasury secretary to make loans, loan guarantees or investments to support businesses, possibly along with states or municipalities. In addition, air carriers, air cargo providers and major aviation suppliers would be eligible to receive funds, potentially benefiting corporations such as Boeing Co., Delta Air Lines Inc., United Airlines Holdings Inc. and General Electric Co.

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