Susan Davis
Producer, The State of Things-
The emergency relief package includes direct payments to Americans, expanded unemployment insurance, aid to large and small businesses, and significant funding for the health care industry.
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The House speaker said a Senate agreement could be "done in the next few hours." The remarks are a boost for an approximately $2 trillion deal to revitalize an economy hobbled by the outbreak.
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Senate Minority Leader Chuck Schumer negotiated late into the night with Treasury Secretary Steven Mnuchin and spoke hopefully of a deal coming together on Tuesday.
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The bill, which still needs to be negotiated with Senate Democrats, provides direct cash payments, loan guarantees for impacted businesses and more resources for testing and development of vaccines.
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The Senate passed an emergency aid package and the president signed it. An even larger stimulus package is also in the works. Meanwhile, two members of Congress have tested positive for COVID-19.
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The Senate approved a new package earlier Wednesday providing paid sick leave and boosting testing for the coronavirus.
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Treasury Secretary Steven Mnuchin said discussions included payments to small businesses, loan guarantees for industries like airlines and hotels, and a stimulus package for workers.
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The House is in recess, but senators return to Washington this week to take up the House-passed financial aid bill to address the economic threat to workers posed by the coronavirus.
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Former New York Mayor Michael Bloomberg on Wednesday suspended his campaign for the White House and endorsed former Vice President Joe Biden.
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Former New York Mayor Michael Bloomberg spent more than $500 million to wage a national campaign, starting with the 14 states that held primaries on Tuesday. He lost all of them.