Negotiations begin on $1T economic rescue

Описание: (20 Mar 2020) Treasury Secretary Steven Mnuchin and Trump administration officials descended on Capitol Hill Friday to launch high-stakes negotiations with Senate Republicans and Democrats racing to draft a $1 trillion-plus economic rescue package amid the coronavirus outbreak.
The closed-door convening is the biggest effort yet from Washington to shore up households and the U.S. economy as the pandemic and its nationwide shutdown hurtles the country toward a likely recession. Mnuchin wants Congress to vote by Monday.
With Senate Majority Leader Mitch McConnell on one side and Senate Democratic Leader Chuck Schumer on the other, Mnuchin took the center seat for the rare high-level talks.
Despite the urgency to act, talks are likely to hit challenges over different opinions on how best to swiftly push out aid.
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, including pneumonia.
The vast majority of people recover from the new virus. According to the World Health Organization, people with mild illness recover in about two weeks, while those with more severe illness may take three to six weeks to recover.

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