U.S. lawmakers were rushing ahead with forging a massive economic stimulus measure to counter the destructive impact of the coronavirus, with the Senate’s leader vowing not to let the chamber adjourn until the mission is accomplished
WASHINGTON - The Republican-led U.S. Senate was scrambling on Thursday to hammer out details of a $1 trillion-plus package to stem the economic fallout of the coronavirus pandemic, a crisis that has sparked a rare moment of bipartisanship.
“These are not ordinary policies. This is no ordinary time,” McConnell said on the Senate floor. “We have to beat back this virus.” As for the prospect of direct cash payments to individual Americans, Schumer said they needed to be “bigger, more generous, and more frequent” than he had heard Republicans describe.
House Majority Leader Steny Hoyer wrote to lawmakers telling them they would not be called back into session until they needed to vote on the legislation, and that the House would adjust its voting procedures so that fewer people would be on the chamber’s floor at any one time. The strategy, as outlined in a Treasury Department memo, also would provide $300 billion for small businesses, $50 billion in loans for cash-strapped airlines and $150 billion for loan guarantees to other distressed economic sectors.
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