Senate Democratic leader Chuck Schumer said Tuesday that lawmakers have a tentative deal with the Trump administration on additional pandemic relief that would replenish a tapped-out small business aid program while providing money for coronavirus testing and overwhelmed hospitals.
But an administration official and a Senate Republican aide cautioned that while the two sides were very close on the nearly $500 billion legislation, some final details have yet to be settled.
Schumer said he and House Speaker Nancy Pelosi had settled all the major issues involving funding for small businesses, coronavirus testing and hospitals with U.S. Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows. Schumer said Mnuchin and Meadows were in contact with Senate Majority Leader Mitch McConnell and President Donald Trump.
“We do have a deal, and I believe we will pass it this afternoon at 4 p.m.,” Schumer said on CNN. “They are still dotting the i’s and crossing the t’s, but every major issue was resolved.”
25,240 in U.S.Most new cases today
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-1.177 Change in U.S. treasury bond yield since Wuhan lockdown, Jan. 23 -0.5% Global GDP Tracker (annualized), March