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$2 trillion coronavirus stimulus bill|Unprecedented $2 Trillion US Coronavirus Stimulus Bill

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Senate begins second day of negotiations on massive stimulus

Stocks posted their first back-to-back gains in weeks as the package took shape over the last two days, but much of Wednesday's early rally faded as the hitch developed in the Senate. "This purchase supports long-term production while encouraging manufacturers to increase production of N95 respirators now – with the guarantee that they will not be left with excess supplies if private sector orders are canceled once the COVID-19 response subsides," the spokesperson said.If this is your first time registering, please check your inbox for more information about the benefits of your Forbes account and what you can do next!.

Democrats have reacted furiously to Trump's new timeline for relaxing economic restrictions, with Hillary Clinton suggesting people would "needlessly die," and Joe Biden accusing Trump of spreading "misinformation.".I graduated from the University of St Andrews in 2018, majoring in International Relations and Modern History.Further complicating matters, there are now five GOP senators in self-quarantine or isolation — Kentucky Sen.

Coronavirus stimulus check: Trump's economic rescue ...

Lebanon’s coronavirus caseload rose to 230 on Saturday, after 67 new infections were confirmed in 24 hours, Prime Minister Hassan Diab declared in a televised address.McConnell and Schumer said passage of the legislation was expected in the Republican-led Senate by the end of the day. The prime minister of Italy announced that he is extended the nationwide lockdown for another 10 days to April 3, shuttered all nonessential business and called for essential businesses to work in "smart mode.".

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Follow me on Twitter @skleb1234 or email me at sklebnikov@forbes.com. A former security adviser to President Donald Trump, Bossert noted that when watching recent White House press conference, he heard the efforts being made to stop the virus.Why it matters: The emergency legislation, which is expected to be one of the largest and most expensive stimulus packages in American history (it could grow beyond $2 trillion), would deliver desperately needed aid to American families, small businesses and corporations hit hardest by the virus..

Trump, Congress agree on $2 trillion virus rescue bill

He's expected to expand on the topic in a town hall with Fox News Monday afternoon -- in an event appearing to replace, for now at least, the daily coronavirus task force briefing.Larry , the director of the National Economic Council, said on Saturday that negotiators were looking at a price tag of "around" $1.3 to $1.4 trillion and didn't rule out that it could creep up further..The package is intended as a weeks-long or months-long patch 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..

Investors were cheered by the news or the deal. Easter is less than three weeks away meaning Trump would "reopen" the country right about the time New York is expected to hit its peak level of cases.Investor optimism has risen with U.S.

"We're going to use the DPA for the first time today," Gaynor said, adding they would use "the allocation portion of the DPA" for "about 60,000 test kits" that "we need to get our hands on.".The legislation will also provide $350 billion for small-business loans, $250 billion for expanded unemployment aid and at least $100 billion for hospitals and related health systems.

Other Topics You might be interested:
1. Latest on coronavirus stimulus checks

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