Senate moving forward on $2 trillion dollar coronavirus bill

Carbonatix Pre-Player Loader

Audio By Carbonatix

The Congress is close to passing a $2 trillion dollar relief package, which could help stabilize the economy as uncertainty about the coronavirus continues to grow.

According to CNBC.com, " The White House and Senate leaders reached a deal early Wednesday on a massive $2 trillion relief bill — said to be the largest rescue package in American history — to combat the economic impact of the coronavirus outbreak." However, the bill isn't in in its final stages yet. 

The final wording of the bill hasn't officially been released to the public yet and so far, some Senators have found some issues in the text that has been released. Several Republicans reportedly found an error in the bill that would allow employees to collect more money if they're out of a job. 

According to NBCNews.com, three Republican Senators "said [in a statement] that the bill could provide a 'strong incentive for employees to be laid off instead of going to work' because some people could theoretically make more by being unemployed." Those Senators are hoping to correct this issue.

If the Senate does pass the bill, it would still need to go back to the House for a vote. Thus far, House Speaker Nancy Pelosi has been noncommittal about whether or not she would push to get this bill passed in the House.

 

Salem News Channel Today

Sponsored Links

On Air & Up Next

  • Best of Salem
    12:00AM - 7:00AM
     
    From political insight and cultural commentary to faith-based reflections and   >>
     
  • Best of Salem
    7:00AM - 9:00AM
     
    From political insight and cultural commentary to faith-based reflections and   >>
     
  • AUTOMOTIVE ADHD with Matt West.
     
    "This is where poor financial decisions are not only welcomed but embraced.   >>
     
  • The Restaurant Show
    10:00AM - 12:00PM
     
    On The Restaurant Show we strive to get you out and about – trying new   >>
     
  • Retire Financially Fit with Barbara Swiatek
     
    SF Financial Services was founded in 2005 with an emphasis on retirees and   >>
     

See the Full Program Guide