Chemical Free Body

TRUMP SEEKING $850 BILLION MORE FOR PANDEMIC FUNDING

After Congress passed and Trump signed an $8.3 billion package early Saturday to battle the coronavirus, the U.S. Senate is preparing to look at a multi-billion dollar emergency spending bill passed by the House of Representatives offering economic relief from the coronavirus pandemic as the Trump administration pressed for $850 billion more.   

After the House of Representatives passed a measure that would require sick leave for some workers and expand unemployment compensation among other steps, including nearly $1 billion in additional money to help feed children, home bound senior citizens and others.

The $850 stimulus package the administration wants would help blunt the impact of the fast-spreading disease, which has sunk global financial markets and caused sweeping disruptions to the U.S. economy.  The funding would include some aid for airlines along with a payroll tax cut among other provisions. U.S. airlines have sought at least $50 billion in grants and loans.

The $850 billion stimulus package will be discussed with Senate Republicans at the Capitol today, in a meeting planned by U.S. Treasury Secretary Steven Mnuchin, said a U.S. government official said who spoke on the condition of anonymity to reveal internal deliberations.

Republicans said the Senate would work to pass the third measure this week containing the much-larger stimulus because of uncertainty about the Senate schedule caused by the coronavirus outbreak. 
For additional information visit our friends at Reuters.

0 0 vote
Article Rating

You Might Like

Leave a Reply

0 Comments
Inline Feedbacks
View all comments
×
0
Would love your thoughts, please comment.x
()
x
%d bloggers like this: