Congress reached an agreement on the multitrillion dollar emergency bill at 1 AM.

[napi21]

https://www.washingtonpost.com/us-policy/2020/03/24/trump-coronavirus-congress-economic-stimulus/

Senate leaders and the Trump administration reached agreement early Wednesday on a $2 trillion stimulus package to rescue the economy from the coronavirus assault, potentially setting the stage for swift passage of the massive legislation through both chambers of Congress.
“Ladies and gentlemen, we are done. We have a deal,” White House legislative affairs director Eric Ueland told reporters around 1 a.m.

[Hermit-The-Prog]

1. People first. ...

Our health care workers need protection and testing -- EMTs, orderlies, nurses, doctors, administrators, etc.

Our supply line workers need protection and testing -- assembly lines, packers, forklift operators, pickers, truckers, shelf stockers, clerks, etc.

This administration had over 2 months to get ready and it failed. GOPers exacerbated the carnage for temporary political ratings.

[OhioChick]

12. +1000 n/t

[elleng]

2. 'Majority Leader Mitch McConnell (R-Ky.) and Senate Minority Leader Charles E. Schumer (D-N.Y.)

were expected to discuss the breakthrough on the Senate floor shortly, after a long day of talks with Treasury Secretary Steven Mnuchin, Ueland and others. . .

The legislation, unprecedented in its size and scope, aims to flood the economy with capital by sending $1,200 checks to many Americans, creating a $367 billion loan program for small businesses, and setting up a $500 billion fund for industries, cities and states.

Other provisions include a massive boost to unemployment insurance, $150 billion for state and local stimulus funds and $130 billion for hospitals, among numerous other provisions. . .

The Senate bill would direct payments of $1,200 to most American adults and $500 to most children, create a $500 billion lending program for companies, states, and cities, and extend an additional $367 billion to help small companies deal with payroll problems. It would bolster the unemployment insurance system and pump $150 billion into U.S. hospitals. The bill more than doubled in size in just a few days.

[Maru Kitteh]

3. $1,200 payments to "most" Americans. WTF does that mean?

[msongs]

4. possibly that self employed/gig people not included? just making that up nt

[herding cats]

6. No we're supposed to be include in unemployment

I haven't seen the details yet, but we're supposed to be able to apply for unemployment via this new bill.

Which will be dependent on on your last tax filings. I'm legit, so I'm set.

[Maru Kitteh]

7. And homeless, day-job American citizens. What about them?

What about senior citizen that don't need to file?

[herding cats]

8. There's never a perfect.

Just better than most. But, you know that. I'm glad this is more inclusive than any previous bills. But, you do you.

[herding cats]

9. Just so you know, I, personally, qualify for zilch.

I'm not furlough because of the virus.

My social distancing is all social responsibility, and out of pocket. I'm still proud to be doing it.

[wishstar]

13. People who didn't need to file probably need to file a tax return right away

Jared Bernstein, former govt official said yesterday on MSNBC that seniors and others of low income who don't owe federal tax should file a return to be sure they are included. Previous reports said that low income individuals would get $600 instead of $1200, but that may have been adjusted upward in final bill, but reports indicated the payments are based on tax returns for 2018 and 2019.

[honest.abe]

14. Means tested most likely.

I was reading the amount would be reduced as income goes up.

[wcmagumba]

5. No details that I can find...nt

[Totally Tunsie]

10. When "BREAKING NEWS FROM WASHINGTON" sounded,

for one moment, one breathtaking, heart-pounding moment, the thought that came to me was "He's GONE!"

I may have woken the neighbors with the thud.

[blueinredohio]

21. Every time breaking news comes on t.v. I keep hoping

that it's Trump resigning.

[safeinOhio]

11. Retired and not expecting anything,

but if I do get a check, part will go to electing Dems for Congress and part to the less fortunate.
Happy to practice Socialism.

[Roland99]

15. Marketwatch

https://www.marketwatch.com/story/senate-talks-continue-on-massive-coronavirus-stimulus-as-final-agreement-proves-elusive-2020-03-24?mod=home-page

The package includes direct deposits for all Americans, $367 billion for loans to small businesses and an unprecedented program that will allocate $500 billion to the Treasury Department. Some of that money will be used to guarantee a Federal Reserve loan program for small and medium-size businesses. Larrry Kudlow, director of the White House’s National Economic Council, said the funds could be leveraged into $4 trillion of lending through the Fed.

Most adults would receive direct payments of $1,200, while children would see $500 checks. Hospitals would receive some $150 billion under the deal and small businesses would get $367 billion in aid.

...

Mnuchin would be able to allocate some of the funds to companies damaged by the shutdown of the economy.

He agreed to Democratic demands for more transparency. The negotiators agreed to a five-person panel to oversee the lending and an independent inspector general.

The measure also includes a major boost to unemployment insurance, allowing workers who are furloughed but not laid off to be paid their regular salaries for up to four months.

The measure includes $367 billion in loans for small businesses. If the companies don’t make any changes to payroll, these loans will be forgiven.

[4887123]

16. Vagueness

This article is vague in essence. The first sentence says direct deposits for all Americans. Other articles say only for those who filed taxes in 2018, 2019.

The linked article states "Deal reached after midnight includes direct payments to most Americans"

So we have ALL and MOST.

[Roland99]

17. From nbc

https://www.nbcnews.com/news/amp/ncna1168136

Under the plan, people making up to $75,000 a year are expected to receive checks for $1,200. Couples making up to $150,000 would receive $2,400, with an additional $500 per child. The new agreement removed the phased-in provision that would have excluded lower-income Americans from receiving the full benefit.

The payments would decrease for those making more than $75,000, with an income cap of $99,000 per individual or $198,000 for couples.

The bill is also expected to include roughly $100 billion in assistance for hospitals; $350 billion in assistance to small businesses; $500 billion in aid for corporations, including airline companies and cruise lines, that have been hurt by the outbreak; and about $150 billion for state and local stimulus funds.

Unemployment insurance would also be significantly bolstered to increase payments and extend the benefit to those who typically do not qualify, such as gig economy workers, furloughed employees and freelancers.

Text of the bill isn’t known yet. Well get details later today

[4887123]

18. Thank You

Thank you. It's confusing. I take care of my mother fulltime who is on SS and she doesn't have to file income tax.

[napi21]

22. Somewhere I read that people receiving SS would get a $1,200 via direct Deposit. Sorry I don't

remember where I read it, solo many places I've checked recently.

[musicblind]

19. I'm still not sure if that excludes people who do not make enough

to file income taxes?

[4887123]

20. Same here

Same here. Because I take care of my mother, I have not made enough to file taxes in 4 years.