Top Trump officials and congressional leaders struggled Monday to finalize a nearly $2 trillion economic rescue package as the coronavirus crisis deepened, even as Trump seemed to suggest he had qualms about extending the current 15-day suggested shutdown
WASHINGTON — Top Trump administration officials and congressional leaders struggled Monday to finalize a nearly $2 trillion economic rescue package as the coronavirus crisis deepened, even as President Donald Trump seemed to suggest he had qualms about extending the current 15-day suggested shutdown.
Trump officials and congressional leaders, meanwhile, were to resume talks at 9 a.m. after working through the night on the massive $2 trillion economic rescue plan. Democrats had derailed the plan Sunday night, arguing it was tilted toward corporations and did too little to help workers and health care providers.
On the economic front, the Federal Reserve announced Monday it will lend to small and large businesses and local governments as well as extend its bond buying programs as part of a series of sweeping steps to support the flow of credit through an economy ravaged by the viral outbreak. Democrats say the largely GOP-led effort did not go far enough to provide health care and worker aid and fails to put restraints on a proposed $500 billion “slush fund” for corporations. They voted to block its advance.
Trump urged Congress to get a deal done and, during the Sunday briefing, responded to criticism that his administration was sluggish to act. He cited his cooperation with the three states hardest hit — New York, Washington and California — and invoked a measure to give governors flexibility in calling up the national guard under their control, while the federal government covers the bill.
Two days after he lashed out at a reporter who asked about his message to frightened Americans, Trump said,"For those worried and afraid, please know as long as I am your president, you can feel confident that you have a leader who will always fight for you.” Hospitals, Mnuchin said, will get approximately $110 billion for the expected influx of sick patients.
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