WASHINGTON (Net): The White House and Senate leaders of both parties announced agreement early Wednesday on unprecedented emergency legislation to rush sweeping aid to businesses, workers and a health care system slammed by the coronavirus pandemic.
The urgently needed pandemic response measure is the largest economic rescue measure in history and is in-tended as a weeks- or months-long patch for an economy spiraling into recession and a nation facing a poten-tially ghastly toll.
Top White House aide Eric Ueland announced the agreement in a Capitol hallway shortly after midnight, cap-ping days of often intense haggling and mounting pressure. It still needs to be finalized in detailed legislative language.
"Ladies and gentlemen, we are done. We have a deal," Ueland said.
The unprecedented economic rescue package would give direct payments to most Americans, expand unem-ployment benefits and provide a $367 billion program for small businesses to keep making payroll while workers are forced to stay home.
One of the last issues to close concerned $500 billion for guaranteed, subsidized loans to larger industries, in-cluding a fight over how generous to be with the airlines. Hospitals would get significant help as well.
"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, R-Ky., a key negotiator. "It will rush new re-sources 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."
At the White House on Tuesday, even as the public-health crisis deepened, President Donald Trump expressed eagerness to nudge many people back to work in coming weeks and held out a prospect, based more on hope than science, that the country could be returning to normal in less than a month.
"We have to go back to work, much sooner than people thought," Trump told a Fox News town hall. He said he'd like to have the country "opened up and just raring to go" by Easter, April 12. But in a White House briefing later, Trump said that "our decision will be based on hard facts and data."
Medical professionals say social distancing needs to be stepped up, not relaxed, to slow the spread of infec-tions. At the White House briefing, the public-health authorities said it was particularly important for people in the hard-hit New York City metropolitan area to quarantine themselves for 14 days, and for those who have recently left the city to do the same.
Dr. Anthony Fauci, the government's top infectious disease expert, said pointedly at the briefing, "No one is going to want to tone down anything when you see what is going on in a place like New York City."
On Capitol Hill, five days of arduous talks produced the bill, creating tensions among Congress' top leaders, who each took care to tend to party politics as they maneuvered and battled over crafting the legislation. But failure was never an option, which permitted both sides to mark big wins.
Even before the deal was reached, news of the likely but elusive agreement had sent the stock market rocketing on Tuesday. The emerging rescue package would be larger than the 2008 bank bailout and 2009 recovery act combined.
The unprecedented economic rescue package would give direct a one-time payment of $1,200 per adult and $500 per child directly to the public.
A huge cash infusion for hospitals expecting a flood of COVID-19 patients grew during the talks at the insist-ence of Sen. Chuck Schumer, the Democratic leader, while Republicans pressed for tens of billions of dollars for additional relief to be delivered through the Federal Emergency Management Agency, the lead federal dis-aster agency.
Democrats said the package would help replace the salary of furloughed workers for four months, rather than the three months first proposed. Furloughed workers would get whatever amount a state usually provides for unemployment, plus a $600 per week add-on, with gig workers like Uber drivers covered for the first time.
Trump has balked at using his authority under the recently invoked Defense Protection Act to compel the pri-vate sector to manufacture needed medical supplies like masks and ventilators, even as he encourages them to spur production. "We are a country not based on nationalizing our business," said Trump, who has repeatedly railed against socialism overseas and among Democrats.
For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, includ-ing pneumonia. The vast majority of people recover from the new virus. According to the World Health Or-ganization, people with mild illness recover in about two weeks, while those with more severe illness may take three to six weeks to recover.