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Showing posts with the label Senate expects late vote on $2 trillion coronavirus stimulus package

Senate expects late vote on $2 trillion coronavirus stimulus package

Senate expects late vote on $2 trillion coronavirus stimulus package NewsColony The Senate is planning to vote on a massive $2 trillion relief bill late Wednesday or early Thursday, after a last-minute fight over a proposed unemployment provision delayed proceedings on Wednesday, people familiar with the situation told CNBC. The Senate announced it had arrived at a deal early Wednesday morning, after days of bitter partisan divide. Leaders hoped to fast track the deal to President Donald Trump’s desk. But as the Senate worked through finalizing the text of the bill, four Republican senators — Lindsey Graham and Tim Scott of South Carolina, Ben Sasse of Nebraska and Rick Scott of Florida — voiced their opposition. They argued a proposal to add $600 per week to unemployment insurance for up to four months — a core provision of the near-final legislation — could encourage companies to lay off workers and Americans to stay unemployed. They have urged a vote to cap ...