READ: $2 Trillion Coronavirus Relief Bill

Here's how long its taken stocks to go from record peaks to a correction

Here's how long its taken stocks to go from record peaks to a correction

Schumer described the bill as "largest rescue package in American history". However, republicans are pushing for a vote on an amendment to the deal, saying the current plan incentivizes unemployment. She had said a day earlier that if there were calls for a vote recorded by name, lawmakers might be able to vote by proxy, as not all would attend.

What was the snag in Congress?

Treasury Secretary Steven Mnuchin has been meeting with Senate Minority Leader Chuck Schumer to resolve Democrats' complaints about the Republican legislation.

The federal government also previously issued guidance to states to allow more flexibility with granting unemployment benefits to employees who can't go to work because their workplace was shut down, to workers who are quarantined, and to those who leave work due to a risk of exposure or infection or to care for a family member.

"Number one, this kind of advice should come from health care professionals, not politicians, they know things best", Schumer said.

He also demanded tougher conditions on the legislation's "corporate welfare". They settled for a failed vote to modify the provision.

The bill now heads to the House, which will push to pass it Friday by voice vote as most representatives are out of Washington. If any member objects, however, that procedure can't be used, which would require calling House members back to Washington for a full debate and vote.

What do we know about the deal?

With hospitality an imperiled industry earmarked in the legislation, Democratic revisions ensure that firms owned by President Trump or any member of Congress can not receive loans backed by taxpayer money, with an inspector general and a Congressional oversight committee to be appointed to review lending decisions.

Exact details of all the provisions in the historic bill are yet to be revealed, but major parts have been leaked.

Under the COVID-19 measure, American adults making less than $75,000 a year would receive $1,200 checks as well as $500 per child to help fill in the gaps for those without a steady income during the crisis.

The allotments decrease with increased levels of income, ending at singles who make $99,000 AGI and $198,000 for couples without children.

Huawei P40 series set to launch today
The three cameras could most likely be a combination of a primary sensor, an ultra-wide camera, and a ToF lens. On March 26th at 6:00 am PT (9:00 am ET) Huawei is going to unveil the new Huawei P40 series to the public.

The Senate will likely vote on the $2 trillion coronavirus package on Wednesday night after the chamber votes on an amendment offered by Sen.

What's the latest from the virus hotspot of NY?

Only two other countries, China and Italy, have more coronavirus cases than the United States.

But there were signs of hope.

But New York Gov. Andrew Cuomo said the Senate package would send less than $4 billion to New York, far short of his estimate that the crisis will cost his state up to $15 billion over the next year.

On Sunday, hospital admissions were doubling every two days.

Still, Pelosi said the need for more money for NY is "no reason to stop the step we are taking".

What is the situation elsewhere in the US? Another $45 billion would fund additional relief through the Federal Emergency Management Agency for local response efforts and community services.

California's Governor Gavin Newsom said one million Californians had registered as unemployed just this month.

The pandemic and the social distancing rules aimed to curb its spread have forced many businesses to resort to layoffs and furloughs.

The president said on Tuesday that reopening the country by Easter would be a "beautiful timeline".

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