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Senate Reaches Deal on Coronavirus Economic Stimulus Bill

Will this presidential election be the most important in American history?

The Senate passed a massive $2 trillion economic stimulus bill just after midnight on Wednesday to bolster businesses and families that are struggling to deal with the consequences of the China coronavirus.

Fox News reports:

The bipartisan breakthrough in the Senate capped days of heated negotiations that had nearly been derailed by last-minute demands from House Democrats.

Senate Majority Leader Mitch McConnell (R-KY) and Senate Minority Leader Chuck Schumer (D-NY) reacted to the bill.

The bill allows the federal government to distribute $1,200 checks to families depending on their income level.

Also, the bill provides a $367 billion loan program for small businesses and sets up $500 billion for loans for corporations, cities, and states.

Hospitals will receive $130 billion and the bill significantly boosts unemployment benefits.

House Speaker Nancy Pelosi was lukewarm about the deal, saying to reporters, “We’re optimistic but we’ll see.”

President Trump supports the bill but it needs to be approved by the House of Representatives before it’s sent to his desk.

Despite the rescue package size, it’s only a temporary fix for the economy and the public is eager to find out when the U.S. will be open for business.

During a Fox News virtual town hall this week, President Trump discussed the economy and said Americans “…don’t want to be locked in a house or an apartment or some space,” and wants “…the country opened up and just raring to go by Easter.”

President Trump’s desire to take the muzzle off of America’s economic engine was criticized.

Dr. Zeke Emanuel, an ObamaCare advisor, criticized President Trump.

Democrat 2020 presidential candidate former Vice President Joe Biden criticized President Trump, saying, “…it’s frustrating to hear this president speak.”

While progress is being made at the federal level, state governors and local officials are dealing with the crisis in a diverse manner.

Governor Andrew Cuomo used his mother as an example to urge the continuation of the New York state lockdown that puts lives before the potential economic cost.

Nevada Democrat Governor Steve Sisolak issued a ban of the anti-Malaria drugs that have shown some preliminary positive results for coronavirus patients.

The New York Post reports:

Sisolak said there was no consensus among experts or Nevada doctors that the drugs can treat people with COVID-19.

Following the Senate vote expected today, the House of Representatives is expected to vote on the bill on Thursday.

Deneen Borelli

Deneen Borelli is the author of Blacklash: How Obama and the Left are Driving Americans to the Government Plantation. Deneen is a contributor with Newsmax Broadcasting. She is a former Fox News contributor and has appeared regularly on “Hannity,” “Fox & Friends,” “Your World with Neil Cavuto,” and “America’s Newsroom.” She has also appeared on Fox Business Network programs “Making Money with Charles Payne,” “The Evening Edit with Liz MacDonald,” and “Cavuto: Coast to Coast.” Previously, Deneen appeared on MSNBC, CNN, the BBC and C-SPAN. In addition to television, Deneen co-hosted radio programs on the SiriusXM Patriot channel with her husband Tom. Recently, Deneen co-hosted the Reigniting Liberty podcast with Tom. Deneen is a frequent speaker at political events, including the FreedomWorks 9.12.2009 March on D.C. which drew a crowd estimated at over 800,000 people. Deneen is also an Ambassador with CloutHub.com, a social media platform that promotes free speech, and with the America First Policy Institute (AFPI) which advances policies that put Americans first. Deneen testified before the U.S. House of Representatives Committee on Natural Resources in May 2011 and before the Ohio House Public Utilities Committee in December 2011. Previously, Deneen was a BlazeTV.com host, Outreach Director with FreedomWorks.org overseeing its Empower.org outreach program, a Project 21 Senior Fellow, and Manager of Media Relations with the Congress of Racial Equality (CORE). Prior to joining CORE, Deneen worked at Philip Morris USA for 20 years. During her corporate career at Philip Morris she worked in various positions, her last as Project Management Coordinator in the Information Management department where she was responsible for the department’s mandated quality processes, communications, sales information and database management. Deneen began her Philip Morris career as a secretary and advanced to positions of increasing responsibilities. Deneen worked full-time and attended classes at night for 11 years to earn her B.A. in Managerial Marketing from Pace University, New York City. Deneen served on the Board of Trustees with The Opportunity Charter School in Harlem, New York. She appeared in educational videos for children, worked as a runway fashion model, and auditioned for television commercials. Her interests include ancient history, pistol target shooting, photography, and volunteering at her church. Deneen currently resides in Connecticut with her husband Tom.

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