Washington(Reuters)-Republicans and Democrats in the US Senate is pushing toward an agreement on a far-reaching $ 1 trillion plus the Cov stimulus plan on Monday after weekend talks ended without a deal.
Senate Majority Leader Mitch McConnell(R-Ky)speaks to the media after a meeting on the liquidation of the Cov of the economic aid of legislation, on the diseases of coronavirus(COVID-19)outbreak, in Washington, DC, USA, March 22, 2020. Reuters/Mary F. Calvert
Democrats oppose the bill on Sunday is over-weighted to corporate interests at the expense of health care workers, hospitals, and state and local governments. The Republicans accused them of hindering the urgent need to act in a national emergency.
The Minister of Finance Steven Mnuchin urges senators to reach an agreement, rejected Democratic claims that the bill is massive corporate welfare.
Parliamentarians are acutely aware that failure to reach agreement could trigger a serious loss in the U.S. stock market. The Securities and futures sharply last week after the Federal Reserve took unprecedented steps to support the U.S. households and businesses more directly and the credit.
The Republican leadership of senators plan to meet again at noon(1600GMT).
Both sides remain confident that a deal can still be agreed quickly and the President of the Republic Donald Trump of warning, a rattled US public will take a dim view of the impasse.
“The only reason a deal can’t get done is purely political,”Trump said on Sunday.
The bill is the Parliament’s third effort to blunt the economic loss of a disease that has killed at least 428 people in the United States and sickened more than 34,000,leading the Governor by nearly one-third of the country’s population to stay at home, put from commercial activities on hold.
The measures include financial assistance for regular Americans, small businesses, and extremely affect the industry, including airlines.
Before a Senate procedural vote on Sunday, the Democratic Party raised objections to the relief bill, with Senator Chuck Schumer, the upper chamber’s top Democrat, he said the more money, the need for community health centers, nursing homes, masks, ventilation equipment, personal protective equipment and assistance to state and local governments.
Senate Majority Leader Mitch McConnell urged the Democrats to stop their”obstruction”argument, which is the delay of assistance and harm financial markets. Democrats oppose Republican proposals as the priority needs of Wall Street and American businesses in those average people.
Negotiations between the parties, along with the Minister of Finance Mnuchin, go deep into the night on Sunday. The House of Representatives, Nancy Pelosi said that Democrats in the chamber will begin the drafting of an alternative bill should the Senate did not reach an agreement.
In the sign of the spread of the disease, Republican Senator Rand Paul on Sunday said he had already tested positive for it. Republican Senator Mike Lee and MITT Romney say they will self-isolate as a result, it will be possible to maintain their assertion will be further votes.
At the White House on Sunday, Vice-Chairman Mike Pence says that 254,000 Americans have been tested for the virus and slightly more than 30,000 have tested positive.
Report by Richard Cowan and David Morgan, Additional reporting by James Oliphant; Editing by Scott Malone and Jonathan Oatis