News World U.S. Congress, negotiators reach deal on $2-trln coronavirus aid package

U.S. Congress, negotiators reach deal on $2-trln coronavirus aid package

U.S. senators and Trump administration officials have reached an agreement on a massive economic stimulus bill to alleviate the economic impact of the coronavirus outbreak, White House official Eric Ueland said early on Wednesday.

“We have a deal,” Ueland told reporters after days of negotiations on the package, expected to be worth $2 trillion.

The Senate’s Republican majority leader, Mitch McConnell, was expected to speak on the Senate floor shortly about the agreement.

The text of the pact was not expected to be available until later on Wednesday.

The package had been expected to include a $500 billion fund to help hard-hit industries and a comparable amount for direct payments of up to $3,000 to millions of U.S. families, as well as $350 billion for small-business loans, $250 billion for expanded unemployment aid and $75 billion for hospitals.

It aims to cushion the economic blow from a pandemic that has killed more than 660 people in the United States and sickened more than 50,000, shuttered thousands of businesses, thrown millions out of work and led states to order 100 million people – nearly a third of the population – to stay at home.

The money at stake in the stimulus legislation exceeds what the U.S. government spends on national defence, scientific research, highway construction and other discretionary programmes.

(Reuters)

Top Stories

Armenian community in Cyprus holds Karabakh protest

  The Armenian community in Cyprus held an all-day protest today, condemning the Azeri attack on Nagorno Karabakh. The march went through various areas of Nicosia,...

Spain decrees new state of emergency in COVID-19 fight

  Spanish Prime Minister Pedro Sanchez announced a new state of emergency in an effort to curb soaring coronavirus infections, imposing local nighttime curfews and...

Iraqi forces use water cannon, tear gas against protesters in Baghdad

  Iraqi security forces fired water cannon and tear gas at anti-government protesters on Sunday to prevent them crossing barricades on a bridge leading towards...

Lebanese Christian cleric to Hariri: avoid ‘secret deals’ in forming cabinet

  Lebanon’s top Christian cleric urged Prime Minister-designate Saad al-Hariri to avoid back-door deals and quickly form a new government that will start lifting the...

Pope Francis names new cardinals, including 9 that will eventually elect successor

  Pope Francis named 13 new Roman Catholic cardinals, including nine under the age of 80 who are eligible to enter a conclave to elect...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...