Saturday, 18 May 2024

U.S. rescue deal still under negotiation in Congress as coronavirus crisis deepens

Top-level negotiations between Congress and the White House churned late into the night over a now nearly $2 trillion economic rescue package, as the coronavirus crisis deepened, the nation shut down and the first U.S. senator tested positive for the disease.

As President Donald Trump took to the podium in the White House briefing room and promised to help Americans who feel afraid and isolated as the pandemic spreads, the Senate voted Sunday against advancing the rescue package. But talks continued on Capitol Hill.

“I think you’ll get there. To me it’s not very complicated: We have to help the worker. We have to save the companies,” Trump said.

Later, the Republican president suggested the remedies may be more harmful than the outbreak, vowing to reassess after the 15-day mark of the shutdown. “WE CANNOT LET THE CURE BE WORSE THAN THE PROBLEM ITSELF,” he tweeted.

Inside the otherwise emptied out Capitol, the draft aid bill was declared insufficient by Democrats, who argued it was tilted toward corporations and did too little to help workers and health care providers. Republicans returned to the negotiating table.

Treasury Secretary Steven Mnuchin, exiting the Capitol just before midnight, struck an optimistic note: “We’re very close,” he said, adding negotiators would work through the night.

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“Our nation cannot afford a game of chicken,” warned Senate Majority Leader Mitch McConnell, R-Ky., his voice rising on the Senate floor Sunday night. His goal is to vote Monday. The Senate will re-convene at noon.

Senate Democratic Leader Chuck Schumer, D-N.Y, sounded an optimistic note.

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