Senators and White House negotiators signaled on Saturday that they're closer to striking a bipartisan deal on a massive economic relief package to address the novel coronavirus crisis.
Although, according to Larry Kudlow, the White House's top economic adviser, the bipartisan economic relief package may actually expand to more than $2 trillion.
Senate Majority Leader Mitch McConnell delivers remarks to the media before attending a closed-door Senate Republican luncheon on Capitol Hill, in Washington, DC, March 21, 2020. The Senate continues work on the third piece of legislation to provide economic relief in response to the coronavirus pandemic, with a final vote expected next week.White House legislative affairs director Eric Ueland later addressed those remarks.
That clock was set by McConnell, who said on Friday he hoped lawmakers could reach an agreement by midnight, a deadline since extended to Saturday. McConnell has instructed lawmakers and staff to begin drafting legislation, and the Senate intends to take its first procedural vote on the giant package on Sunday., which continues to be one of the major sticking points in negotiations.
"We want to fund it for at least four months, maybe six," he said."If the crisis ends more quickly, of course, we might be able to terminate it. But we need to give the workers of America the assurance that they will have paychecks -- the same amount of resources that they had before this crisis that they have now. And it will occur, ongoing, until we beat this horrible disease.
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