Daily Local News (West Chester, PA)

Trump implores Congress to move on rescue package

-

WASHINGTON » Senate leaders raced to unravel lastminute snags Wednesday and win passage of an unparallel­ed $2 trillion economic rescue package steering aid to businesses, workers and health care systems engulfed by the coronaviru­s pandemic.

The measure is the largest economic relief bill in U.S. history, and both parties’ leaders were desperate for quick passage as the virus took lives and jobs by the hour. The Senate stayed in session in anticipati­on of still passing the bill after days of delays.

Insistentl­y optimistic, President Donald Trump said of the greatest public-health emergency in anyone’s lifetime, “I don’t think its going to end up being such a rough patch” and anticipate­d the economy soaring “like a rocket ship” when it’s over. Yet he implored Congress late in the day to move on critical aid without further delay.

The package is intended as relief for an economy spiraling into recession or worse and a nation facing a grim toll from an infection that’s killed nearly 20,000 people worldwide. Treasury Secretary Steven Mnuchin, asked how long the aid would keep the economy afloat, said: “We’ve anticipate­d three months. Hopefully, we won’t need this for three months.”

Underscori­ng the effort’s sheer magnitude, the bill finances a response with a price tag that equals half the size of the entire $4 trillion annual federal budget.

But the drive by leaders to speed the bill through the Senate was slowed as four Republican senators demanded changes, saying the legislatio­n as written “incentiviz­es layoffs” and should be altered to ensure employees don’t earn more money if they’re laid off than if they’re working.

Complicati­ng the standoff, Sen. Bernie Sanders of Vermont said he would block the bill unless the conservati­ves dropped their objections.

Newspapers in English

Newspapers from United States