Senate passes coronavirus stimulus bill in unanimous vote

In this image from video Senate Minority Leader Chuck Schumer D-N.Y. speaks on the Senate floor at the U.S. Capitol in Washington Saturday

In this image from video Senate Minority Leader Chuck Schumer D-N.Y. speaks on the Senate floor at the U.S. Capitol in Washington Saturday

The benchmark indices had soared almost 7 per cent on Wednesday as India began a 21-day countrywide lockdown to curb the spread of the deadly coronavirus pandemic and on expectations that the government would unveil a stimulus package soon to cushion the economy from the economic fall-out of Covid-19.

The $2 trillion bill reportedly agreed upon by the U.S. Senate would reportedly ban companies owned by Trump or his children from receiving aid.

An initial $8 billion plan passed by Congress March 5 is funding emergency health care needs stemming from the coronavirus, and a second plan enacted last week will provide many Americans with paid sick leave, food assistance and free coronavirus testing.

The package also provides up to $250 billion in expanded unemployment benefits, meant to help replace the salaries of furloughed workers for up to four months.

The package is intended as relief for an economy spiralling into recession or worse and a nation facing a grim toll from an infection that's killed almost 20,000 people worldwide.

Outbreaks have grown nationwide, but with particular fear that NY could be the next epicenter of the coronavirus pandemic.

Several senators missed votes because they were self-quarantined.

In a remarkable sign of overwhelming bipartisan support for the legislation, the vote was unanimous at 96-0. Tim Scott of South Carolina, Rick Scott of Florida and Ben Sasse of Nebraska argued that it would incentivize unemployment and could trigger worker shortages and supply disruptions by providing more money to some jobless workers than they would make working.

House Democratic and Republican leaders have hoped to clear the measure for Trump's signature by a voice vote without having to call lawmakers back to Washington.

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There had been criticism of the bill from the most progressive wing of the Democratic-led House.

Ardent liberals like Rep. Alexandria Ocasio-Cortez were restless as well, but top Washington Democrats assured them that a fourth coronavirus bill will follow this spring and signaled that delaying the pending measure would be foolish. Bringing more than 400 lawmakers from as far away as Hawaii and Alaska would be hard because a few are in self-quarantine and several states have issued stay-at-home orders. He blamed House Speaker Nancy Pelosi (D-CA) for the language in the bill that he and other conservatives do not like.

Sherrod Brown called the bill "a much better deal for workers and their families and communities" than a version he opposed on Monday, which he dismissed as a "Wall Street giveaway" that didn't adequately help hospitals or do enough for workers.

In a letter to his fellow Democrats, Schumer highlighted a series of transparency measures that would prevent keeping loans secret and create a new inspector general to oversee the program. "Don't judge it for what it doesn't because we have more bills to come", the California Democrat told CNN's Wolf Blitzer on "The Situation Room" Wednesday evening.

The governor has taken his concerns about the stimulus package to the House of Representatives, he explained. The money at stake amounts to almost half of the $4.7 trillion the USA government spends annually.

Investors were cheered by the news or the deal. St. Patrick's day was normally a hugely busy day for her.

McConnell and Schumer negotiated the deal with Treasury Secretary Steven Mnuchin and other White House officials after days of bitter partisan fighting over what to put into the final package.

The Senate stands adjourned until April 20 now that the package has passed out of their chamber. Mr.

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