Mar 23, 2020, 18:05 pm
(This post was last modified: Mar 23, 2020, 18:06 pm by Resurgence. Edited 1 time in total.)
The Senate on Monday failed to advance a massive coronavirus stimulus package for the second time in as many days.
Senators voted 49-46, falling short of the three-fifths support necessary to move forward with a “shell” bill, which the text of the agreement would ultimately be swapped into.
The Senate on Monday failed to advance a massive coronavirus stimulus package for the second time in as many days.
Senators voted 49-46, falling short of the three-fifths support necessary to move forward with a “shell” bill, which the text of the agreement would ultimately be swapped into.
The failed vote comes as negotiators have been in around-the-clock meetings over the past four days to try to close an agreement. Senate Minority Leader Charles Schumer (D-N.Y.) and Treasury Secretary Steven Mnuchin met at least six times on Sunday, and restarted talks after 9 a.m. on Monday.
But senators were unable to get there before the early afternoon vote even as they are under intense pressure to act.
The Dow Jones Industrial Average wiped out all the gains made thus far during the Trump administration roughly an hour before the vote. Meanwhile, there are now more than 41,000 confirmed cases of the coronavirus within the United States, according to Johns Hopkins University.
https://thehill.com/homenews/senate/4890...n-two-days
Senators voted 49-46, falling short of the three-fifths support necessary to move forward with a “shell” bill, which the text of the agreement would ultimately be swapped into.
The Senate on Monday failed to advance a massive coronavirus stimulus package for the second time in as many days.
Senators voted 49-46, falling short of the three-fifths support necessary to move forward with a “shell” bill, which the text of the agreement would ultimately be swapped into.
The failed vote comes as negotiators have been in around-the-clock meetings over the past four days to try to close an agreement. Senate Minority Leader Charles Schumer (D-N.Y.) and Treasury Secretary Steven Mnuchin met at least six times on Sunday, and restarted talks after 9 a.m. on Monday.
Quote:Schumer said shortly before the vote that he was “confident” that they would be able to get an agreement on Monday.
“We hope and expect those negotiations to conclude today,” he said.
But senators were unable to get there before the early afternoon vote even as they are under intense pressure to act.
The Dow Jones Industrial Average wiped out all the gains made thus far during the Trump administration roughly an hour before the vote. Meanwhile, there are now more than 41,000 confirmed cases of the coronavirus within the United States, according to Johns Hopkins University.
https://thehill.com/homenews/senate/4890...n-two-days