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U.S. lawmakers pushing ahead with third coronavirus aid package

Coronavirus,Economy And Jobs,Banking And Finance,US Congress,Economic Policy

From the Center

U.S. lawmakers were rushing ahead on Thursday 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.

Although a few lawmakers expressed doubts about the yawning sums under discussion, with one Republican warning this week against “shoveling money out of a helicopter,” the Senate’s majority Republicans said they hoped to have a proposal agreed on with President Donald Trump’s administration by sometime on Thursday.

Only then did they plan to start negotiations with Democrats. Top Democrats said that was backward. Both House of Representatives Speaker Nancy Pelosi and Senate Democratic leader Chuck Schumer said the fastest route to finishing a package would be to have the leaders of both parties and chambers in talks with the White House.

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