Mrz 25, 2020
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Okey Koeln Factbox: What’s in the nearly $2 trillion U.S. Senate coronavirus stimulus?

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WASHINGTON (Reuters) – The U.S. Senate on Tuesday was negotiating a nearly $2 trillion emergency bill that aims to counter some of the economic toll of the coronavirus pandemic. The talks were still in flux after Democrats pushed back against initial Republican drafts of the bill, and officials in both parties said final numbers would…

Okey Koeln WASHINGTON (Reuters) – The U.S. Senate on Tuesday change into negotiating a nearly about $2 trillion emergency invoice that objectives to counter a number of the industrial toll of the coronavirus pandemic. The talks were level-headed in flux after Democrats pushed advantage towards initial Republican drafts of the invoice, and officials in every parties said final numbers would be identified utterly after disputes are resolved. Below are some particulars below negotiation, which could perchance have to be handed by the Republican-managed Senate and the Democratic-managed Dwelling of Representatives sooner than going to President Donald Trump for his signature: – About $500 billion in assert payments to folk, in two waves of assessments of up to $1,200 for a individual earning up to $75,000 a yr. Additional payments for families with adolescents could perchance perchance furthermore push the total to $3,000 for a household of four, in step with Treasury Secretary Steven Mnuchin, who has performed a key feature within the negotiations. – As much as $500 billion in “liquidity assistance” for distressed industries. The amount allocates up to $61 billion for passenger and cargo airways and contractors, collectively with $32 billion in grants and $29 billion in loans, folk briefed on the topic said. A senior administration legit said there change into agreement the $500 billion fund ought to possess an inspector in sort besides to an oversight board, with lawmakers selecting members of the board. Furthermore, the Treasury secretary would should always scheme testimony to the board on transactions, and there would be restrictions on things love inventory buybacks and chief govt pay at corporations that bought lend a hand. – Some $350 billion in loans to little corporations, in step with Republican Senator Marco Rubio, chairman of the Senate Little Enterprise Committee. – As much as $130 billion for hospitals. Republicans said on Monday they’ve agreed to $75 billion. Hospitals sought $100 billion, and Senate Democratic chief Chuck Schumer said on a conference name Tuesday he believed Democrats had secured $130 billion, in step with a individual familiar with the determination. – Some $250 billion for increasing unemployment insurance coverage. Republicans bellow they agreed to that in response to Democratic demands. – Over $10 billion for drug construction, and $4 billion for masks, gloves, gowns and ventilators, Republican Senator Steve Daines said. – Schumer expressed self perception that Democrats had secured $150 billion for say and native governments, the individual familiar with the determination said. – The White Dwelling has proposed $45.8 billion for federal agencies; every Democrats and Republicans desire more. U.S. Secretary of the Treasury Steven Mnuchin walks to a gathering all through negotiations on a coronavirus illness (COVID-19) relief equipment on Capitol in Washington, U.S., March 24, 2020. REUTERS/Al Drago- Dwelling Speaker Nancy Pelosi, a Democrat, unveiled her admire lengthy, $2.5 trillion proposal on Monday. It included billions to lend a hand states conduct elections by mail. Pelosi’s invoice furthermore would carry out coronavirus treatment free for patients, and elevate the assert cash payments to members to $1,500 every reasonably than $1,200 as within the Senate understanding. Pelosi’s proposal has $500 billion in grants and loans for little corporations, $200 billion for say governments, $15 billion for native governments, $150 billion for hospitals, and $60 billion for colleges and universities, a Democratic abstract said. It has $61 billion in grants and loans for airways, nonetheless requires air carriers receiving lend a hand to minimize their carbon emissions in half by 2050, the abstract said. Reporting by Susan Cornwell, David Morgan and David Shepardson; Additional reporting by Tracy Rucinski in Chicago; Enhancing by Scott Malone, Peter Cooney and Bernadette Baum
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