Home » Economy » $1T coronavirus relief bill 'very close,' Senate leaders to meet again Sunday morning
$1T coronavirus relief bill 'very close,' Senate leaders to meet again Sunday morning
Coronavirus stimulus package is more about ‘social insurance’: Professor
Barron’s Roundtable is joined by economist and University of Michigan professor Justin Wolfers believes the checks heading to Americans might be a good idea but with all the stores closed, there isn’t anywhere to spend it, thus might not stimulate the economy.
Senate Majority Leader Mitch McConnell and other Senate leaders are expected to discuss the $1 trillion-plus coronavirus economic package at 11 a.m. ET Sunday before a procedural vote expected later that afternoon.
Continue Reading Below
With a population on edge and financial markets teetering, all sides indicated late Saturday that a deal is within reach. At issue is how best to keep paychecks flowing for millions of workers abruptly sidelined by the crisis.
DEMOCRATIC LEADERS CRITICIZE GOP’S CORONAVIRUS RELIEF BILL AS TOO PRO-BUSINESS
Talks also narrowed on a so-called Marshall Plan for hospitals as well as industry loans to airlines and others all but grounded by the virus outbreak and national shutdown. The post-World War II Marshall Plan helped to rebuild Western Europe.
McConnell announced late Saturday all sides were "very close" to a bipartisan resolution.