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US Congress to Vote on Coronavirus Rescue Package
Congress and the White House are nearing an economic rescue package; stocks plunged again Thursday despite the Fed offering at least $1.5 trillion worth of short-term loans to banks.
Congress on Thursday neared a deal with the White House on a sweeping economic rescue package to respond to the coronavirus pandemic.
After a day of intense negotiations between Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin, Ms. Pelosi told reporters that “we’ve resolved most of our differences” and that the House would vote on Friday on the measure, “one way or another.” It would then go to the Senate, which called off a recess that had been scheduled for next week.
https://www.nytimes.com/2020/03/12/world/coronavirus-live-news-updates.html
Congress and the White House are nearing an economic rescue package; stocks plunged again Thursday despite the Fed offering at least $1.5 trillion worth of short-term loans to banks.
- Published March 12, 2020Updated March 13, 2020
Congress on Thursday neared a deal with the White House on a sweeping economic rescue package to respond to the coronavirus pandemic.
After a day of intense negotiations between Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin, Ms. Pelosi told reporters that “we’ve resolved most of our differences” and that the House would vote on Friday on the measure, “one way or another.” It would then go to the Senate, which called off a recess that had been scheduled for next week.
https://www.nytimes.com/2020/03/12/world/coronavirus-live-news-updates.html