The $1 trillion economic stimulus is being negotiated by White House officials and congressional leaders from both parties.
. What McConnell has described as the main"pillars," it also includes $300 billion in loans for small businesses , $200 billion in loans and loan guarantees for travel industry companies and more money for the health care industry.
McConnell wants to have a"shell" agreement among the chamber's Democrats and Republicans by late Friday so staff over the weekend can draft the text and be ready for a final vote on Monday. Along the way, the Trump administration will also weigh in. In addition to declaring a Marshall Plan for medical facilities, Schumer urged Trump in a phone call Friday to invoke the wartime Defense Production Act to force private companies to produce ventilators and other medical equipment. The president then delivered the order to staff members.
In the stimulus, Schumer also wants to: prohibit companies that receive federal money from buying back their own stock, laying off workers, increasing executive pay and cutting worker salaries; expand unemployment insurance; expand paid sick and family leave—beyond what a; and cancel—not suspend—all student loan debt for the duration of the ongoing public health crisis.
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