Finally! After two different bills being shot down, the White House and Senate leaders reach a deal around midnight Wednesday. The bill totals around $2 trillion and will relieve American workers and businesses. All we need is support from the House of Representatives and it’s a go!
“Ladies and gentleman, we are done,” White House legislative affairs director Eric Ueland announced as he left the office of Senate Majority Leader Mitch McConnell, R-Ky., near midnight. “We have a deal.”
Ueland told reporters that “much of the work on bill text has been completed, and I’m hopeful over the next few hours we’ll finish what’s left and we will circulate it early in the morning.”
Senate Minority Leader Chuck Schumer, D-N.Y., said the bill amounts to “unemployment compensation on steroids,” and that every American who is laid off will have their missed salary remunerated. That provision will enable companies to stay afloat and immediately bring back those employees when things are safe, Schumer said.
The unprecedented economic rescue package would give direct payments to most Americans, expand unemployment benefits and provide a $367 billion program for small businesses to keep making payroll while workers are forced to stay home.