{"id":174791,"date":"2020-12-17T23:24:33","date_gmt":"2020-12-17T21:24:33","guid":{"rendered":"http:\/\/www.arabtelegraph.com\/?p=174791"},"modified":"2020-12-17T23:24:35","modified_gmt":"2020-12-17T21:24:35","slug":"finish-line-in-sight-us-congress-trying-to-wrap-up-deal-on-covid-19-economic-bailout-bill","status":"publish","type":"post","link":"https:\/\/www.arabtelegraph.com\/?p=174791","title":{"rendered":"Finish Line in Sight? US Congress Trying to Wrap Up Deal on COVID-19 Economic Bailout Bill"},"content":{"rendered":"\n<p dir=\"ltr\"><strong>The bill is being  touted as a massive lifeline amid the ongoing COVID-19 outbreak in the  US, where the disease has already claimed the lives of more than 307,000  people, according to Johns Hopkins University.<\/strong><\/p>\n\n\n\n<p dir=\"ltr\">Republican  and Democratic negotiators in the US Congress are still trying to  finalise a hefty deal on a coronavirus relief package to shore up  Americans hit by the COVID-19 pandemic. Also involved in the talks are representatives of the Trump administration.<\/p>\n\n\n\n<p dir=\"ltr\">The $900 billion bailout agreement stipulates providing one-time \nstimulus payments of about $600 to individuals, as well as subsidies to \nsmall businesses, $300-per-week benefits for unemployed, and vaccine \ndistribution funding.<\/p>\n\n\n\n<blockquote style=\"text-align:left\" class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>With details of the accord still being  worked out, senior Senate Democrat Chuck Schumer insisted that \u201cthe  finish line [of the negotiations] is in sight\u201d.<\/strong><\/p><\/blockquote>\n\n\n\n<p dir=\"ltr\">\u201cEveryone wants to get this done. Let\u2019s push through the few final \nmetres and deliver the outcome that the American people very much need\u201d,\n he told the Senate on Thursday.<\/p>\n\n\n\n<p>He was echoed by former Democratic presidential hopeful Bernie \nSanders, who said that it is little secret that \u201cright now, at this \nmoment in America, we face the worst set of crises that this country has\n seen for perhaps 100 years\u201d.<\/p>\n\n\n\n<blockquote style=\"text-align:left\" class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>\u201cEverything that is in that package is  vitally needed. The problem is that it is a much smaller package than  the country needs in this moment of economic desperation\u201d, Sanders said  in an interview with MSNBC<\/strong><\/p><\/blockquote>\n\n\n\n<p dir=\"ltr\">Republican Senate Majority Leader Mitch McConnell, for his part, \nremained upbeat about the negotiations, saying that the sides had made \n\u201cmajor headway toward hammering out a targeted pandemic relief package\u201d.<\/p>\n\n\n\n<p dir=\"ltr\">\u201cWe need vaccine distribution money, we need to re-up the Paycheck \nProtection Programme to save jobs, we need to continue to provide for \nlaid-off Americans\u201d, McConnell emphasised, referring to a deal facing an\n 18 December deadline to be okayed by all negotiating parties.<\/p>\n\n\n\n<blockquote style=\"text-align:left\" class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>The same tone was struck by Republican  Senator John Cornyn, who pointed out that Americans \u201chave repeatedly  called on Congress to provide support for those hit hardest by this  pandemic\u201d and that the negotiators \u201csimply cannot and will not let them  down\u201d<\/strong><\/p><\/blockquote>\n\n\n\n<p>Democratic Senator Joe Manchin, however, was not very optimistic, as \nhe warned that \u201cpeople are going to lose their lifelines\u201d and that as \nfar as the deal is concerned, \u201cthere\u2019s so much more that has to be done \nand there\u2019s so much more need out there\u201d.<\/p>\n\n\n\n<blockquote style=\"text-align:left\" class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Republicans, Democrats at Odds Over Stimulus Package\u00a0<\/strong><\/p><\/blockquote>\n\n\n\n<p dir=\"ltr\">The bill is based on a bipartisan stimulus package proposal worth \n$908 billion that was earlier initiated by Republican Senators Lisa \nMurkowski, Susan Collins, Bill Cassidy, and Mitt Romney, as well as \ntheir Democratic counterparts Joe Manchin, Mark Warner, Richard Durbin, \nand Jeanne Shaheen.<\/p>\n\n\n\n<p dir=\"ltr\">The sides have repeatedly been at loggerheads over the proposal. In  early December, GOP Senator John Thune suggested that funding for coronavirus vaccines  and therapeutics, additional assistance for unemployment insurance and  schools, as well as money to replenish the Paycheck Protection Programme  of forgivable loans are all matters of bipartisan consensus.<\/p>\n\n\n\n<blockquote style=\"text-align:left\" class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>&#8220;Those are all things that the  Democrats say that they agree upon, but they have insisted &#8211; at least up  until now &#8211; on a &#8216;bloated&#8217; messaging bill on the order of $2.5  trillion&#8230; which is something that obviously wouldn\u2019t pass the Senate  and get signed into law by the president\u201d, he said<\/strong><\/p><\/blockquote>\n\n\n\n<p dir=\"ltr\">\nIn late March, President Donald Trump signed into law the $2 trillion \ncoronavirus economic stimulus bill, which became the largest such \npackage in modern US history.\n<\/p>\n\n\n\n<p dir=\"ltr\">The situation with the COVID-19 pandemic in the country remains  tense, with more than 17 million confirmed cases and over 307,000  fatalities, according to Johns Hopkins University\u2019s latest estimates.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The bill is being touted as a massive lifeline amid the ongoing COVID-19 outbreak in the US, where the disease has already claimed the lives of more than 307,000 people, according to Johns Hopkins University. Republican and Democratic negotiators in the US Congress are still trying to finalise a hefty deal on a coronavirus relief &hellip;<\/p>\n","protected":false},"author":3,"featured_media":174792,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36],"tags":[],"class_list":["post-174791","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-te-public"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Finish Line in Sight? US Congress Trying to Wrap Up Deal on COVID-19 Economic Bailout Bill - Arab Telegraph<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.arabtelegraph.com\/?p=174791\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finish Line in Sight? US Congress Trying to Wrap Up Deal on COVID-19 Economic Bailout Bill - Arab Telegraph\" \/>\n<meta property=\"og:description\" content=\"The bill is being touted as a massive lifeline amid the ongoing COVID-19 outbreak in the US, where the disease has already claimed the lives of more than 307,000 people, according to Johns Hopkins University. 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