Congress, Trump administration reach deal on pandemic stimulus spending

Photo: Office of U.S. Sen. Mitch McConnell
   WASHINGTON, D.C. – U.S. Senate Majority Leader Mitch McConnell, R-Ky., on March 22 hosted Speaker of the House Nancy Pelosi, D-Calif., Senate Democratic Leader Chuck Schumer, D-N.Y., House Republican Leader Kevin McCarthy, R-Calif., and Treasury Secretary Steven Mnuchin in his office to discuss the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

Unemployment benefits would be enhanced

The $2 trillion economic stimulus bill is being drafted Wednesday morning, but The New York Times reports the pandemic-relief stimulus package would extend and enhance unemployment benefits, would provide direct payments to workers making $75,000 or less a year, would provide money for the states and for hospitals, and would provide oversight of a fund Treasury Secretary Steven Mnuchin had sought to oversee.

A provision in the bill also would prevent companies owned by President Trump and any high-ranking officials from benefiting from the stimulus spending.