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
New Rules for International Travelers When U.S. Lifts COVID Restrictions
Beginning in November, fully vaccinated international travelers will be able to enter the United States after months of travel restrictions. People under the age of 18 and those from countries without easy access to vaccines will not be required to be vaccinated but all travelers will need to show negative COVID test results before entering.
Apple Likely to Face Antitrust Lawsuit From Justice Department
Apple could soon face a Department of Justice antitrust lawsuit after intensifying its probe into the tech giant, according to a report. The added scrutiny comes after the tech giant had already faced questioning in Washington and concluded an antitrust case brought by Epic Games.
SPAC Linked to President Trump Sees Massive Boom
Last week, shares of Digital World Acquisition Corp skyrocketed after following Former Present Trump's announcement that he would be partnering with the company as part of a Special Purpose Acquisition Company, or SPAC. Christian Munafo, Chief Investment Officer of Liberty Street Advisors and portfolio Manager of the Private Shares Fund broke down the latest, including whether or not Wall Street is currently experiencing a SPAC boom.
Dow, S&P 500 Hit Record Close as Stocks End Monday Higher
Stocks began the week on a high note, with two indexes - the Dow and the S&P 500 - each closing at a record high. Brian Levitt, Global Market Strategist at Invesco, joins Cheddar News' Closing Bell, where he explains why the conditions were in place for a jump during the session and provides insight on inflation concerns in the United States.
Evaluating Future Path for Cryptocurrencies as Bitcoin ETFs Go Public
The price of Bitcoin hit a new all-time high last week following the Wall Street debut of ProShares Bitcoin Strategy ETF. Todd Cipperman, Founding Principal for Cipperman Compliance Services, joins Cheddar News' Closing Bell, where he explains why ProShares' ETF got off to a hot start while Valkyrie's Bitcoin Strategy ETF, which debuted just days later, did not.
Facebook Criticisms Reach 'Boiling Point' With Calls for New Laws, Investigation
Rishi Bharwani, the director of partnerships and policy for nonprofit Accountable Tech, joined Cheddar to discuss the hot button topic of regulatory oversight of social media giant Facebook. Bharwani discussed the bipartisan pieces of legislation already making their way through Congress and said the body should pass stronger data privacy laws, ban surveillance advertising, and require meaningful accountability and transparency from the company. "Now I think we've reached a boiling point where congressional action is needed and inaction is no longer acceptable," he said. Bharwani also called for a concurrent investigation into Mark Zuckerberg's company.
Siemens U.S. CEO Calls for Large Climate Commitments at COP26 Talks
The United Nations COP26 climate talks are scheduled for October 31 to November 12 in Glasgow, Scotland. Heads of state will be joined by private sector leaders to once again discuss the shrinking window of time left to take action against global temperature rise. Barbara Humpton, CEO of focused technology company Siemens U.S., is also attending and spoke to Cheddar about what she hopes to see during the conference for both the public and private spheres. "What we are really urging is that there are large commitments made in Glasgow and that we really commit to this next decade of action," she said.
Supreme Court to Review Texas Abortion Law in November
Jessica Mason Pieklo, Senior Vice President and Executive Editor at Rewire News Group and co-host of the Rewire News Group podcast, 'Boom! Lawyered,' joins Cheddar News to discuss the Supreme Court decision to hear Texas abortion ban cases on Monday, November first and the complicated timeline of legal challenges up to this point.
Load More