As Crisis Deepens, Congressional Rescue Deal Teeters
WASHINGTON (AP) — Top-level negotiations between Congress and the White House teetered Sunday on a nearly $1.4 trillion economic rescue package, as the coronavirus crisis deepened and President Donald Trump called for a deal to steady a shuttered nation.
Treasury Secretary Steven Mnuchin indicated an agreement was within reach. But faced with mounting opposition from Democrats who call the package insufficient, Senate Majority Leader Mitch McConnell postponed a planned procedural vote Sunday, resetting it for 6 p.m.
With a population on edge, societal norms rewritten and financial markets shell shocked, all sides were hoping for an agreement that would provide some relief against the pandemic’s twin health and economic crises, now believed likely to stretch for several months.
“Americans don’t need to see us haggling endlessly,” McConnell warned, his voice rising on the …continued .
[Source: Huffington Post]