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Title : Senate leaders and Trump administration agree on $2 trillion package to rescue economy from impact of coronavirus
link : Senate leaders and Trump administration agree on $2 trillion package to rescue economy from impact of coronavirus

Senate leaders and Trump administration agree on $2 trillion package to rescue economy from impact of coronavirus

As news develops in Kentucky about the coronavirus and its covid-19 disease, this item will be updated. Official state guidance is at https://kycovid19.ky.go

• "Senate leaders and the Trump administration reached agreement early Wednesday on a $2 trillion stimulus package to rescue the economy from the coronavirus assault, potentially setting the stage for swift passage of the massive legislation through both chambers of Congress," The Washington Post reports. "Majority Leader Mitch McConnell and Senate Minority Leader Charles E. Schumer were expected to discuss the breakthrough on the Senate floor after a long day of talks with Treasury Secretary Steven Mnuchin . . . and others."
• "We're gonna pass this legislation later today," McConnell said just before 1:40 a.m. Earlier, he said the crisis is "the most serious threat to America's health in over a century, and quite likely the greatest risk to American jobs and prosperity that we've seen since the Great Depression. . . . Our national life has literally been transformed in less than a month."
• Schumer said the bill has "a Marshall Plan for our hospitals and medical needs" totaling $130 billion; takes a "workers first" approach by paying salaries and benefits of laid-off workers; has "strict oversight, transparency" of government loans to businesses; money for state and local governments, "who are so hard-pressed because of all the new expenses for covid-19;" and "real help for small businesses."

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