Third Coronavirus Aid Bill Stalls in Senate

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Third Coronavirus Aid Bill Stalls in Senate

Democrats in the Senate yesterday voted to filibuster the third coronavirus aid bill. Today senators and Trump Administration officials are trying to come to agreement on a package that could cost $2 trillion.

 

There appeared to be agreement over the weekend as senators and Treasury Secretary Steve Mnuchin worked on details over the massive aid package. Then Democrats voted against cloture (ending debate) on the bill. The 47-47 vote prompted anger by Senate Majority Leader Mitch McConnell and President Trump.

 

Republicans say the Democrats are filibustering much-needed aid for workers and businesses. Democrats said the bill had too much in it for businesses and not enough protections for workers and aid for health care personnel. They especially objected to a large pool of money authorized by the bill that the Trump Administration could use to provide loans or grants to bigger companies. Republicans countered that Democrats just wanted to add numerous items that they had long-favored but had nothing to do with this emergency.

 

The Senate is considering the legislation again today, and both sides are hoping for a bipartisan vote in support. There is broad agreement on provisions that would give direct checks to families, expand unemployment insurance, give loans to small businesses, and also provide money to larger companies to keep them from going insolvent.

 

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