Editor in Chief: Moh. Reza Huwaida Monday, May 25th, 2020

White House, Senate Agree on $2 Trillion Coronavirus Rescue Plan

White House, Senate Agree on $2 Trillion Coronavirus Rescue Plan

WASHINGTON - The White House and Senate have reached agreement on a $2 trillion stimulus package for the US economy and millions of Americans ravaged by the coronavirus crisis, top lawmakers said early Wednesday.
"At last, we have a deal," Senate Majority Leader Mitch McConnell said, hailing the massive "wartime level of investment into our nation" reached after five days of arduous and tense negotiations.
"We have a bipartisan agreement on the largest rescue package in American history," top Senate Democrat Chuck Schumer said shortly after McConnell spoke.
"So many people are being put out of work through no fault of their own. They don't know what their future is going to be like, how are they going to pay the bills," Schumer added.
"Well, we come to their rescue."
The Senate and House of Representatives still need to pass the legislation before sending it to President Donald Trump for his signature.
McConnell said the Senate will vote on the measure later Wednesday.
The deal aims to buttress the teetering economy by giving roughly $2 trillion to health facilities, businesses and ordinary Americans buckling under the strain of the coronavirus pandemic.
It will put cash directly into the hands of Americans hard hit by the crisis, provide grants to small businesses and hundreds of billions of dollars in loans for larger corporations including airlines.Congressman Justin Amash, a former Republican who left the party after feuding with Trump, slammed the agreement, tweeting that it gave "far too little for those who need the most help, while providing hundreds of billions in corporate welfare." (AFP)