(Gateway Pundit) – The White House and Senate leaders reached a deal early Wednesday morning for a massive stimulus package to bolster the economy during the coronavirus outbreak.
The package will reportedly contain aid for both workers and businesses. Hospitals will also receive significant funding.
“Ladies and gentleman, we are done,” White House legislative affairs director Eric Ueland announced as he left the office of Senate Majority Leader Mitch McConnell, R-Ky., near midnight. “We have a deal.”
Ueland added that “much of the work on bill text has been completed and I’m hopeful over the next few hours we’ll finish what’s left and we will circulate it early in the morning.” Regarding any outstanding issues, he said “we have either clear, explicit legislative text, reflecting all parties, or we know exactly where we’re going to land without a legislative text, as we continue to finish.”
Fox News reports that the unprecedented package will give direct payments to most Americans, expand unemployment benefits and provide a $367 billion program for small businesses to keep making payroll while workers are forced to stay home.
The bill had been repeatedly delayed as Democrats sought to insert funding for their pet causes.
“This bill is $2 trillion. There’s a ton of money in this bill for people who need it, but what we’re doing now is, every special-interest group in town is trying to get a little bit more,” Senator Lindsey Graham said late Tuesday evening.
I've been called by two good friends on the Democratic side wanting more money.
There is a TON of money in this bill for people who need it.
But what we are doing now is every special interest is trying to get a little bit more.
End the negotiations. pic.twitter.com/1zPpXYMCx3
— Lindsey Graham (@LindseyGrahamSC) March 25, 2020
The full text of the bill is expected later on Wednesday morning.