Republican and Democratic senators have reached a deal on a roughly $2 trillion stimulus package to stem the economic damage from the coronavirus outbreak.
WASHINGTON – President Donald Trump, Vice President Mike Pence, senior administration officials and lawmakers would be prohibited from getting federal aid for any of their business interests under, according to a summary of the plan released by Senate Minority Leader Chuck Schumer, D-N.Y.
The plan would"prohibit businesses controlled by the President, Vice President, Members of Congress, and heads of Executive Departments from receiving loans or investments from Treasury programs," according to the summary from Schumer's office.
Trump's business interests have long drawn scrutiny. After his election in 2016, Trump set a presidential precedent by refusing to divest from his business interests.During round-the-clock negotiations on Capitol Hill in recent days, Trump has struck an equivocal note about his business interests could – or should – potentially benefit from the legislation.
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