Global  

Trusted News Discovery Since 2008
One News Page
One News Page > News Videos > Chuck Schumer > 'Help is on the way': Senate to vote on $2 trillion aid

'Help is on the way': Senate to vote on $2 trillion aid

Video Credit: Reuters Studio - Duration: 02:20s - Published
'Help is on the way': Senate to vote on $2 trillion aid

'Help is on the way': Senate to vote on $2 trillion aid

U.S. senators were set to vote Wednesday on a $2 trillion bipartisan package of legislation to alleviate the devastating economic impact of the coronavirus pandemic, hoping it will become law quickly.

Lisa Bernhard has more.

0
shares
ShareTweetSavePostSend
 

'Help is on the way': Senate to vote on $2 trillion aid

(SOUND BITE) (ENGLISH) SENATE MAJORITY LEADER MITCH MCCONNELL, SAYING: “The Senate has reached a bipartisan agreement on a historic relief package for this pandemic.” Help is finally on the way.

(SOUND BITE) (ENGLISH) SENATE MINORITY LEADER CHUCK SCHUMER, SAYING: “Big help, and quick help.” That’s the message from the U.S. Senate Wednesday, which reached an agreement on the $2 trillion bipartisan stimulus package to alleviate the devastating economic impact of the coronavirus pandemic – the largest rescue package in American history.

Among the elements: Direct payments of up to $3000 to American households.

Up to $500 billion in "liquidity assistance" for distressed industries, including hard-hit airlines, doled out with congressional oversight.

Businesses owned by President Trump, other administration officials and members of Congress are not eligible for assistance.

$250 billion to expand unemployment insurance.

Payments would increase by up to $600 per week per worker and last for up to four months, said Senate Democratic Leader Chuck Schumer, who also noted that $100 billion will go to the healthcare system.

(SOUND BITE) (ENGLISH) SENATE MINORITY LEADER CHUCK SCHUMER, SAYING: “There is much more money for our hospitals, for our nurses and physicians for our nursing homes, for our community and health centers to do the job they need to do.” $350 billion will go to small businesses loans, with billions more for education, mass transit systems, local governments and non-profits.

The stimulus package amounts to nearly half of what the U.S. government spends annually.

And yet, for New York – which accounts for nearly half of all coronavirus cases in the U.S. – the package is “terrible,” said New York Governor Andrew Cuomo, who noted that the $3.8 billion allocated for his state falls way short of need.

(SOUND BITE) (ENGLISH) NEW YORK GOVERNOR ANDREW CUOMO, SAYING: “3.8 billion dollars sounds like a lot of money, but we’re looking at a revenue shortfall of 9, 10, 15 billion dollars.” And it is still unclear how fast the bill will get to President Trump to sign into law.

After the official Senate vote Wednesday afternoon, the bill moves to the House of Representatives, where House Speaker Nancy Pelosi said it may undergo some changes.




You Might Like


Tweets about this

lilibellmia

Lilibell Needs The Wall ⭐️⭐️⭐️ RT @PDArkiegirl: @SteveScalise @senatemajldr @realDonaldTrump Then do something about it. DON'T PASS IT. STOP IT COLD in the Senate. Or… 6 minutes ago

meandmypuppy

wilma armstrong RT @senatemajldr: Every American is feeling the effects of the coronavirus. It’s a national health & economic emergency that demanded actio… 9 minutes ago

JSBAMA14

JIMMY SEAMON RT @ewarren: Families are in a crisis. They need help—and they need it now. The Senate doesn’t have time to waste on recess. Mitch McConnel… 21 minutes ago

senatePH

Senate of the Philippines Sen. @SAPBongGo recommends one-time ‘Bayanihan’ financial assistance to cities and municipalities to help them res… https://t.co/rV3z1NNvRo 35 minutes ago

DrPaskewicz

Michael F. Paskewicz RT @SenatorBennet: It’s disappointing that in a $2 trillion relief package we couldn't do more to help schools and libraries buy mobile hot… 38 minutes ago

Ethanspears8

Ethan Spears RT @JessforDelaware: I'm running against the 5th most conservative Democrat in the Senate. I want #M4A. He tried to use a pandemic to sell… 41 minutes ago

StarrReporters

noon RT @fire_mitch: First he took a three-day weekend in the middle of a pandemic outbreak, and now Mitch McConnell thinks the Senate has done… 45 minutes ago


Recent related videos from verified sources

House Passes Historic $2 Trillion Stimulus Package Despite Last Minute Objections [Video]

House Passes Historic $2 Trillion Stimulus Package Despite Last Minute Objections

House Passes Historic $2 Trillion Stimulus Package Despite Last Minute Objections On Friday, the House of Representatives approved the $2 trillion stimulus package that passed the Senate earlier..

Credit: Wibbitz Top Stories     Duration: 01:02Published
House leaders spar ahead of Friday vote on aid package [Video]

House leaders spar ahead of Friday vote on aid package

U.S. House Speaker Nancy Pelosi and House Minority Leader Kevin McCarthy issued partisan barbs Thursday, one day before the chamber is expected to pass the estimated $2.2 trillion coronavirus relief..

Credit: Rumble     Duration: 02:09Published


Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2020 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.