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Congress sends Trump multibillion-dollar coronavirus aid bill

Published 03/18/2020, 04:17 PM
Updated 03/18/2020, 04:21 PM
Congress sends Trump multibillion-dollar coronavirus aid bill

WASHINGTON (Reuters) - The U.S. Senate on Wednesday passed legislation providing more than $100 billion to confront the growing coronavirus outbreak by financing free testing for the virus, expanded paid sick leave, additional food aid and other urgently needed steps.

The bill, passed by a vote of 90-8, now goes to President Donald Trump for signing into law, after the House of Representatives passed the measure early last Saturday. Congress and the White House are now discussing additional, far bigger economic stimulus legislation.

Latest comments

Uncle Sugar should just buy stock to pay off the deficit then do away with the tax code then start paying citizens a dividend check.
Times have changed. Earlier market used to cheer stimules. Now the word stimulus itself brings negativity to the markets. Investor around the world are looking for confidence building measures. In current situation getting vaccine ASAP will only do the trick of bringing positivity to the market.
Big Money for virus war and buttress of industries, except virus, we hope to see market is calm down.
Let's bail out the wealthy and barely managed AGAIN, so they can use the money to keep paying dividends and stock buy backs. Wealthy stock owners have a sweet deal.
I can only imagine what will happen if something comes along that kills millions of people a year (cancer) or even hundreds of thousands of people a year (AIDS, the common flu), but this Coronavirus is making me wash my hands at a weird time of year and that's scary. So welcome to Trump's farewell send-off where him and all of his buddies will own probably half of the world, are we forgetting Trump is buddies with the Russians? That's weird that happened with the oil thing. It is amazing what the power of the media has, next time do some good with it.
When a company buys back its stock it is because it feels as though its not only undervalued BUT there is no better investment than to do so.Why does a politician like C Schumer speak as if it is a crime.?Being a lifelong politician should be a crime.Buy names like DIS, UPSMRK AMAT Buy the Airlines like JBLU LUV
yes but when u issue debt to buy back stock it's not so cool.
maybe a debt jubilee...borrow everything you can!
president quote..."deficit dosent matter" we should all start running a income tax tab..
Trump and the populist politicians are destroying the world  economies with their short sighted measures by shutting the frontiers.   They fall in their own  trap hoping to win the next elections.  They saved money  in the health systems and now they even don't have medical tests to identify the coronavirus. Now they will throw away thousands of billions of taxpayer to save industries, tourism and banks from failure..... if they will succed in it
i feel like people should have free everything
you are a socialist? we already have the socialist security program
You are getting boring Russian Shill Yu.
I feel like people should not pay rent for the situation that's going on now with the Coronavirus they should have two months free of rent
When will he sign?
yesterday
Weekly jobless report comes out tomorrow, my estimates are it will show 3-4 million. Largest ever loss. Devastating!
It's for the previous week
I think we have to wait for the following jobless report to come out. The one coming out tomorrow may be bad but not as bad the next upcoming one.
So, nobody will be arrested for 10 years of criminal buybacks and the bill to save those irresponsible companies will be paid by americans........
buyback is NOT legal but corrupt SEC did not move a finger
you live as a slave surving by paycheck. Is this a country or a huge FEMA prison
  Those talking points are not "CNN talking points".  While I agree with you that buy-backs are not illegal, and can be good for shareholders, I think the point (that was not made very well) here is that it was immoral for companies who got bail-out money during the Financial Crisis to have used that money for buy-backs (as well as dividends and executive bonuses).  Not illegal at the time, but immoral in that the bail-out money was supposed to be to save the companies for the good of the country, not as free money to enrich the already wealthy executives and shareholders.
Well we may have found a temporary bottom in the markets. What will 45 tout now?
Who were the 8people that said no 🤣
Lol
Im sure they had political affiliations that got in the way. It shouldnt be hard to do the right thing for the American people.
that's just gonna line the pockets of those that don't need lining.
Its actually the opposite but good call.
I hope you are erong :), but suspect you are right :(
the Senate passed the bill full of "goodies" ??
Their retirement funds are drying up.
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