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‘PHASE 3.5’: Senate Leaders Agree to Additional $500 BILLION Coronavirus Stimulus Plan

posted by Hannity Staff - 4.21.20

Congressional leaders reportedly reached a bipartisan agreement to unleash ‘Phase 3.5’ Coronavirus stimulus package; allocating $500 billion to help small businesses and workers impacted by the worldwide pandemic.

“Both parties in the Senate have agreed to a $500 billion coronavirus ‘Phase 3.5’ relief bill that would replenish a small business rescue program known as the Paycheck Protection Program (PPP), provide hospitals with another $75 billion and implement a nationwide virus testing program to facilitate reopening the economy, Senate Majority Leader Mitch McConnell, R-Ky., and Senate Minority Leader Sen. Chuck Schumer, D-N.Y., announced Tuesday,” reports Fox News.

“The new deal would provide more than $300 billion for the PPP, with $60 billion or so set aside — and divided equally — for smaller banks and community lenders that seek to focus on under-banked neighborhoods and rural areas. Another $60 billion would be available for a small-business loans and grants program delivered through an existing small-business disaster aid program, $10 billion of which would come in the form of direct grants,” adds Fox.

A vote is expected Tuesday evening.

This is a developing story. Check back for updates.

AOC: Senate’s Coronavirus Stimulus Package is ‘Historic Corporate Giveaway’

posted by Hannity Staff - 3.26.20

Controversial Congresswoman Alexandria Ocasio-Cortez ripped the Senate’s Coronavirus stimulus package Wednesday afternoon; describing the proposal as a “historic corporate giveaway” at the expense of American workers.

“Just a reminder that there is absolutely no good reason why Senate Republicans are tying a historic corporate giveaway to getting relief money in the hands of families. They could just authorize sending checks to families today, right now, & deal with the rest. But they refuse,” posted Ocasio-Cortez on social media.

Members of the ‘Squad’ demanded a series of far-left proposals be included in the Congressional relief package to help Coronavirus victims this week; asking for the cancellation of student debt, banning of evictions, and prohibition of “executive bonuses” in the plan.

“Any rescue package must:
1) Cancel student debt
2) Fund losses for small businesses and local governments
3) Ban evictions and foreclosures
4) Ban stock buybacks and executive bonuses
We need a groundswell of support for these critical measures!” posted Omar on social media.

“The developments of this Senate relief bill are concerning. We are hearing lots of vague statements, but not a single member of Congress has seen actual bill text. It seems to give a *HALF TRILLION DOLLARS* away to big corporations, w/ few worker protections. Half a trillion,” added Rep. Ocasio-Cortez.

The White House and leaders in the US Senate agreed to a $2 trillion stimulus package to help businesses impacted by the Coronavirus Wednesday; unveiling a sweeping bipartisan plan to shore-up the economy and protect American workers.

“The White House and Senate leaders of both parties announced agreement early Wednesday on an unprecedented $2 trillion emergency bill to rush sweeping aid to businesses, workers and a health care system slammed by the coronavirus pandemic,” reports the Associated Press.

“To the American people, we say, big help, quick help is on the way,” said Senate Minority Leader Chuck Schumer.

The proposal now heads to the Democrat-controlled House of Representatives.

“House Democrats will now review the final provisions and legislative text of the agreement to determine a course of action,” said Speaker Pelosi.

“After days of intense discussions, the Senate has reached a bipartisan agreement on a historic relief package for this pandemic,” said Majority Leader Mitch McConnell. “It will rush new resources onto the front lines of our nation’s health care fight. And it will inject trillions of dollars of cash into the economy as fast as possible to help Americans workers, families, small businesses and industries make it through this disruption and emerge on the other side ready to soar.”

Read the full report here.

Source: Associated Press

CHUCK OBSTRUCTS: Schumer Calls Trump’s Immigration Suspension a ‘Distraction’

posted by Hannity Staff - 4.21.20

Senate Minority Leader Chuck Schumer slammed President Trump’s decision to halt immigration into the United States Tuesday; calling the move a “diversion” during the Coronavirus pandemic.

“I think it’s another diversion. The agencies don’t even know what it is. No one knows what it is. Yesterday we were talking about WHO. The President needs to stop these diversions,” said Schumer.

Schumer accused his Republican colleagues of “helping bigger businesses” on social media this week; saying Democrats are fighting for “nail salons and delis” during the Coronavirus outbreak.

“Senate Democrats are fighting for the nail salons, the barbershops, the delis. Why are Senator McConnell and Republicans only trying to help bigger businesses that already have connections to bigger banks?” posted Schumer on social media.

https://twitter.com/SenSchumer/status/1251224849168678912

Failed presidential candidate Elizabeth Warren faced a growing backlash on social media Friday after urging President Trump to release $75 million in aid to Palestinians while Americans struggle to pay their bills.

“Providing $5M in aid to Palestinians is not enough. The Trump administration is still sitting on $75M in Congressionally directed aid while COVID-19 weakens already fragile health systems in the West Bank & Gaza. Last month I demanded this aid be released,” posted Warren on social media.

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