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 changed into negotiating a almost $2 trillion emergency bill that targets to counter a couple of of the commercial toll of the coronavirus pandemic. The talks were light in flux after Democrats pushed encourage in opposition to initial Republican drafts of the bill, and officers in both parties stated final numbers would possibly maybe well be known finest after disputes are resolved. Below are some particulars under negotiation, which would want to be handed by the Republican-controlled Senate and the Democratic-controlled Dwelling of Representatives sooner than going to President Donald Trump for his signature: – About $500 billion in direct payments to of us, in two waves of checks of as a lot as $1,200 for a individual earning as a lot as $75,000 a year. Extra payments for households with formative years would possibly maybe well additionally push the total to $3,000 for a family of 4, per Treasury Secretary Steven Mnuchin, who has performed a key position within the negotiations. – As a lot as $500 billion in “liquidity aid” for distressed industries. The amount allocates as a lot as $61 billion for passenger and cargo airlines and contractors, including $32 billion in grants and $29 billion in loans, of us briefed on the matter stated. A senior administration official stated there changed into agreement the $500 billion fund ought to have an inspector standard in addition to an oversight board, with lawmakers selecting members of the board. Also, the Treasury secretary would must assemble testimony to the board on transactions, and there would possibly maybe well be restrictions on things indulge in inventory buybacks and chief executive pay at companies that bought encourage. – Some $350 billion in loans to minute agencies, per Republican Senator Marco Rubio, chairman of the Senate Little Change Committee. – As a lot as $130 billion for hospitals. Republicans stated on Monday they’ve agreed to $75 billion. Hospitals sought $100 billion, and Senate Democratic leader Chuck Schumer stated on a convention name Tuesday he believed Democrats had secured $130 billion, per a individual conversant within the name. – Some $250 billion for rising unemployment insurance coverage. Republicans disclose they agreed to that based entirely mostly on Democratic requires. – Over $10 billion for drug vogue, and $4 billion for masks, gloves, robes and ventilators, Republican Senator Steve Daines stated. – Schumer expressed self assurance that Democrats had secured $150 billion for speak and native governments, the person conversant within the name stated. – The White Dwelling has proposed $45.8 billion for federal agencies; both Democrats and Republicans desire more. U.S. Secretary of the Treasury Steven Mnuchin walks to a gathering all thru negotiations on a coronavirus disease (COVID-19) reduction equipment on Capitol in Washington, U.S., March 24, 2020. REUTERS/Al Drago- Dwelling Speaker Nancy Pelosi, a Democrat, unveiled her non-public lengthy, $2.5 trillion proposal on Monday. It incorporated billions to encourage states habits elections by mail. Pelosi’s bill additionally would fabricate coronavirus treatment free for sufferers, and elevate the direct money payments to folk to $1,500 each in preference to $1,200 as within the Senate opinion. Pelosi’s proposal has $500 billion in grants and loans for minute agencies, $200 billion for speak governments, $15 billion for native governments, $150 billion for hospitals, and $60 billion for colleges and universities, a Democratic summary stated. It has $61 billion in grants and loans for airlines, but requires air carriers receiving abet to lower their carbon emissions in half of by 2050, the summary stated. Reporting by Susan Cornwell, David Morgan and David Shepardson; Extra reporting by Tracy Rucinski in Chicago; Editing by Scott Malone, Peter Cooney and Bernadette Baum
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