With just minutes left in the day Wednesday, the Senate kept its pledge to pass a $2.2 trillion coronavirus relief bill, in a unanimous vote. 

The 880-page bill is full of funding priorities, including the authorization of a cash infusion to Americans of up to $1,200 for adults and $500 for children. 

The final bill also included $367 billion in loans to small businesses, $500 billion in assistance to large businesses, states and cities, as well as an expansion to unemployment benefits that gives an extra $600 per month to those already receiving their states’ unemployment benefits.

The unanimity in the final vote came after a day of uncertainty, as Republican Sens. Ben Sasse (Neb.), Rick Scott (Fla.), Lindsey Graham (S.C.) and Tim Scott (S.C.) threatened to hold up the bill because they felt the unemployment provisions in the bill were too generous and would disincentivize people to work.

“Let’s just make sure we make people whole,” Graham told reporters. “Let’s not increase their salary, because you can’t afford to do that.” 

In response, Sen. Bernie Sanders (I-Vt.) threatened to hold up the bill over what he called the “corporate welfare” provisions in the bill.

Ultimately, these controversies were resolved before the final vote. Under normal circumstances, such a large bipartisan majority in the Senate would allay concerns from House members.

But much like the situation Wednesday, the bill’s path forward in the House remains somewhat unclear, as lawmakers of different stripes continue to express concerns about the massive package McConnell termed “emergency relief” rather than “stimulus.”

Rep. Alexandria Ocasio-Cortez (D-N.Y.) stayed active on Twitter for much of Wednesday, criticizing the Senate for its potentially extending its two-week Easter recess to three weeks. She also criticized Senate Republicans for offering a massive amount of corporate assistance in the same bill that is intended to offer relief to everyday Americans.

Ocasio-Cortez’s colleagues from the New York delegation are cautious about the bill. This comes after New York Gov. Andrew Cuomo (D) said the bill was insufficient in meeting the needs of his state, which leads the nation in coronavirus cases with upwards of 30,000 cases.

“It would really be terrible for the state of New York,” Cuomo said Wednesday. “That is a drop in the bucket as to need.”

Some House conservatives cited concerns over the bill’s vast price tag. 

Florida Congressman Matt Gaetz (R-Fl.) tweeted his objection to funding for the National Endowments for the Arts and Humanities, Howard University and $350 million for the State Department’s Migration and Refugee Assistance programs.

Senate Majority Leader Steny Hoyer (D-Md.) has informed lawmakers that the House will convene Friday to consider the bill. 

"In order to protect the safety of Members and staff and prevent further spread of COVID-19 through Members' travel,” Hoyer emailed lawmakers, “passage will be done by voice vote. Members who want to come to the House Floor to debate this bill will be able to do so."

The House originally hoped to pass the legislative package by unanimous consent but House Republican Leader Kevin McCarthy cautioned that it would not be possible. 

"I don't believe we should pass a $2 trillion dollar package by unanimous consent,” McCarthy said Wednesday. “But I also think it would be able to pass it by a voice vote." 

That is what both Democrats and Republicans are counting on, especially after Senators voted unanimously for the bill. 

With unemployment claims at the highest level in recorded history: 3.28 million, there is increased pressure on the House to pass this quickly and get it to the president’s desk. 

In the current package, unemployment benefits would be increased for anyone experiencing unemployment due to the coronavirus pandemic. 

Lawmakers anticipate another funding bill will be needed in the future with Speaker Pelosi pledging further cash payments to Americans in a so-called “phase four” relief package.

Share:
More In Politics
Pennsylvania AG Josh Shapiro Details Navient's Predatory Student Loan Schemes
Student loan collection company Navient agreed to cancel $1.7 billion in debt and paid more than $140 million in other penalties to settle a lawsuit over abusive lending practices. Josh Shapiro, the attorney general of Pennsylvania who led negotiations in the settlement, joined Cheddar to go over the details of the company's predatory lending. "What Navient would do is charge [borrowers] these exorbitantly high rates, even though they knew people couldn't pay them or they would likely default on them," he explained.
Jan. 6 Committee Subpoenas Big Tech for Information on Capitol Insurrection
The January 6 committee has subpoenaed four tech giants for more information on what they did and didn't do leading up to last year's deadly Capitol insurrection. Google, Facebook, Twitter, and Reddit were asked to assist the investigation in August, but the committee says their responses have been 'inadequate.' Craig Timberg, a national technology reporter at the Washington Post, joins Cheddar News' Closing Bell for more details about the subpoenas, why this is happening now, and how it might impact social media companies moving forward.
Novak Djokovic Gets Australia Visa Revoked for Second Time
With the Australian Open set to begin on Monday, Novak Djokovic is once again being threatened with deportation from Australia after his visa was briefly reinstated and revoked again over alleged discrepancies. Djokovic’s team will sit for an Immigration hearing on Saturday.
Issues Facing the Black Community Ahead of MLK Day
Jewell Jackson McCabe, chair of the Keep Love Alive Campaign and founder of the National Coalition of 100 Black Women, and Marvin Owens, chief engagement officer of Impact Shares and former senior director of Economic Development at the NAACP, join Cheddar News to reflect on racial issues still prevalent in America.
Markets Open Higher on First Trading Day of 2022
Markets opened higher on the first trading day of the new year as investors continue to watch inflation and the rapid spread of the omicron variant in the U.S. Frances Newton Stacy, Optimal Capital Dir. of Strategy/Market Analyst joined Cheddar's Opening Bell to discuss.
Markets Open Lower on Final Trading Day of 2021
Markets opened lower this morning as investors rounded out a wild 2021. Jay Hatfield, CEO Infrastructure Capital Advisors, joined Cheddar's Opening Bell to discuss which sectors and industries to watch in the new year.
Markets Open Higher, Extending Santa Claus Rally
Markets opened higher as investors react to positive data on the labor front, with weekly jobless claims falling to 198,000 for the week ending December 25. Ross Mayfield, investment strategy analyst at Baird joined Cheddar's Opening Bell to discuss the market open.
Load More