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White House eyes massive $850B stimulus package, the Senate is moving on the latest coronavirus bill

in the vicinity ofthe video where the Congress is with the ‘big’ economic recovery package

Congressman Elissa Slotkin explains what the emergency coronavirus bill, and when we can expect that the major economic recovery package

White house officials and congressional lawmakers signal you are trying to push through a third coronavirus spend package worth hundreds of billions of dollars even as the Senate works to along the rather modest second relief bill, the holiday for workers and accelerated Tests for the disease, officially called the COVID-19.

Fox News has learned that the White house is specifically pushing an $850 billion stimulus, mainly in the form of tax relief measures.

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Around 500 billion US dollars are tied to this would be to have a payroll tax cut, while the $would come to 250 billion euros in the form of Small Business Administration loans and another $ 58 billion would be directed to the airline industry, among other measures.

Minister of Finance, Steven Mnuchin is lunch at the Senate GOP’s weekly policy -, Tuesday-and will take place in a larger space, the not able to discuss this practice in the rule, the senators, the social distance — the details of the comprehensive coronavirus proposal from the White house.

“I’m not the numbers comment now. But it is a big number,” Mnuchin reporters Monday evening, said.

The Washington Post first reported on Tuesday morning that Mnuchin proposal would come up with the $850 billion price. The Post, citing anonymous sources, reported that Mnuchin proposal would focus mainly on the implementation of money in the hands of individuals and businesses.

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Meanwhile, Senate Democrats hold their weekly lunch, by telephone conference, with Senate Minority Leader Chuck Schumer is probably a huge $to go over the details of the 750-billion proposal, he announced on Monday “in the war against coronavirus and the economic crisis of the Americans.”

“Tomorrow I’m going to believe a number of proposals for the Congress, the Senate, and appropriators and Democrats, should be part of the next invoice to the address of the coronavirus,” Schumer said in floor remarks Monday. “In consultation with the ranking members of the committees of jurisdiction, we propose you a direct and original infusion of at least $750 billion in the war against COVID-19-and the economic crisis, it is now what.”

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After President Trump the signing of a first coronavirus-related spending bill to the value of the approved $8.3 billion in the last week, the house of representatives a second bill early Saturday morning, to fix it set Monday technical error. The Senate is expected to approve the act in the house proposal Tuesday and will need to avoid both the original invoice and the correction of that legislation back to the house that a considerable proportion of its members are out of town on previously scheduled district work period.

Schumer said his proposal will include expanded unemployment insurance and Medicaid funding, the address in support of tight capacities in hospitals, an urgent support of small businesses, and schools in the transition to remote learning, as more and more States are closing their public schools for the foreseeable future, among other measures.

Sen. Elizabeth Warren, D-Mass., Schumer supports the call for $750 billion arsenal in the battle with the coronavirus and its economic impact in an op-ed for CNN on Monday.

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“The United States is heading for a recession, and Speaker Pelosi has already announced plans for an additional emergency aid package,” she wrote. “This is the right approach. We must act quickly to adopt a major fiscal stimulus package, the economic disaster.”

It is unclear what exactly is in Mnuchin, the proposal, the Senate Republicans, but there is a chance it could be considerable overlap with Schumer ideas — Mnuchin was the White house’s contact person in negotiations with the Democrats in Congress and spoke with House Speaker Nancy Pelosi, the more than 20-times on Friday, as she and the trump management knobelte the chamber, the first version of the second coronavirus-offer.

In an interview with Chris Wallace on “Fox News Sunday,” Mnuchin steep roof “of a large economic program, because we need to help the American worker now.”

The Minister of Finance made it clear, however, that he and the President asked for a bailout.

“If you he said the provision of liquidity to good companies that need only liquidity for 3 to 6 months”, “this is not a rescue operation.”

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Mnuchin more: “What we need, we are gonna get from the Congress.”

Other legislators have trigger chimed in with ideas on how to combat the coronavirus, and the Americans to help, are hurt, by the virtual economic shutdown. Sen. Mitt Romney, R-Utah, has proposed on Monday, among other things, providing every American with a $1,000 check to cover the expenses you incurred due to forced layoffs, vacation or other coronavirus-related expenses.

Rep. Tulsi Gabbard, D-Hawaii, came up with a similar proposal last week, presented in a non-binding house resolution, every American with a monthly $1,000 of the payment, to the Corona-Virus is a passing threat. You referred to it as “temporary universal basic payment.” Both your proposal and Romney seem similar to the former Democratic presidential candidate Andrew Yang-universal basic income (UBI) idea, but differ from it mainly because their ideas are temporary stopgap measures.

Fox News’ Chad Pergram contributed to this report.

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