Left Menu
Development News Edition

Congress, White House close in on coronavirus aid bill as U.S. closures loom

Reuters | Washington DC | Updated: 13-03-2020 20:36 IST | Created: 13-03-2020 19:56 IST
Congress, White House close in on coronavirus aid bill as U.S. closures loom
Representative Image Image Credit: Wikimedia

House Democrats and the Trump administration are close to a deal on a coronavirus economic aid package, U.S. House Speaker Nancy Pelosi and U.S. Treasury Secretary Steven Mnuchin said on Friday, with a vote in the House of Representatives expected later in the day. "We're close. We have exchanged paper. We'll talk again this morning," Pelosi said as negotiations continued over a relief package to help offset economic shocks from the coronavirus as the growing outbreak rattled Americans and unnerved financial markets.

Pelosi and Mnuchin, who is handling negotiations for President Donald Trump's Republican administration, are seeking to come to an agreement on an economic aid package after Congress earlier approved $8.3 billion to fight the disease. In a CNBC interview, Mnuchin said negotiations with the House were going very well.

He later told reporters at the White House that he had also spoken with Senate Majority Leader Mitch McConnell, a Republican, and House Republican leader Kevin McCarthy earlier on Friday about the emerging deal. "We will have support," Mnuchin told reporters.

It was not immediately clear what specific measures would make it through to a final package after negotiators worked through the night. The No. 2 House Democrat, Steny Hoyer, on Friday morning said there was no deal yet.

House Energy and Commerce Committee Chairman Frank Pallone declined to comment on negotiations after meeting with Pelosi but said he expected a vote on legislation later on Friday. "I can say there will be a vote," he told reporters.

Democrats want sweeping steps to address economic hardships, including sick leave, unemployment insurance and funding for food programs, while Republicans have balked at what they called Democrats' burdensome proposal, particularly its provision for paid leave for employees. Sweeping closures across the country are likely to disrupt the economy for weeks, affecting a wide range of industries and disrupting workers and families.

In a tweet on Friday, Trump continued to press for a payroll tax cut, which has received a cool response from both Republicans and Democrats in Congress. Any measure must pass both the Democratic-controlled U.S. House of Representatives and the Republican-controlled Senate before Trump could sign it into law.



Rethinking Rural Livelihoods in the Times of COVID-19

The reverse migration caused by COVID 19 pandemic has put an additional burden of about one crore people on Indian villages particularly in the states of Uttar Pradesh, Bihar, Bengal and Odisha. Besides increasing the risk of spreading the ...

‘Discounted Deaths’ and COVID 19: Anthropology of Death and Emotions

Death is a social event rather than the mere cessation of biological functions. As seen by anthropologists, death is not just physical but intensely social, cultural, and political....

Indigenous knowledge of communities a must for maximizing impact of community work

Generally, it has been observed that the majority of the academicians in higher education institutions neglect the wisdom of community people and throw their weight around thinking that they know everything and the community knows nothing. ...

In rebuking FBR, Pakistan’s courts take a stand for public health

The system, if implemented effectively, will allow Pakistans revenue service to combat the illicit trade in tobacco products and potentially add hundreds of millions of dollars to the states budget each year. ...


Latest News

FOREX-Dollar loses out as hopes of economic recovery spread

The dollar fell against most currencies on Wednesday as prospects of more government stimulus and a global economic recovery emboldened investors to step up holdings of riskier assets. The Australian dollar surged to a five-month high again...

FACTBOX-Latest on the worldwide spread of the coronavirus

The COVID-19 pandemic is having a devastating impact on people of African descent and ethnic minorities in Brazil, Britain, France and the United States, the top U.N. human rights official said on Tuesday.DEATHS AND INFECTIONS More than 6....

What you need to know about the coronavirus right now

Heres what you need to know about the coronavirus right now Asymptomatic but not infectiousAfter testing 9.9 million of 11 million people in a vast testing campaign that began on May 14, the Chinese city of Wuhan, where the coronavirus outb...

Commodity exports to China could fall by USD 33.1 billion in 2020, UNCTAD study

The global commodity exports to China could plunge up to 46 per cent to USD 15.5 to 33.1 billion in 2020 due to the coronavirus crisis, according to research by the UN trade body. The UN Conference on Trade and Development UNCTAD said that ...

Give Feedback