Sunday, March 22, 2020

"POLITICO Playbook PM: Special Edition: Coronavirus rescue package in limbo"

For folks who are new to this stuff the source, Politico, leans about as far to the left as their competitor The Hill, leans to the right.
But you can't tell that in this piece, through the writers' obvious exasperation with today's politics.

From Politico's Playbook newsletter:
03/22/2020 07:49 PM EDT
IF YOU WERE COUNTING ON WASHINGTON to come together quickly and without drama to combat the coronavirus, you haven’t been reading Playbook, and you’ve probably been ignoring reality.

THE SENATE failed to clear a key procedural hurdle tonight on the massive $1.6-trillion coronavirus package, a major blow to the government's efforts to immediately inject money into the economy during this global health crisis.

SENATE MINORITY LEADER CHUCK SCHUMER (N.Y.) held the entire Democratic caucus against the measure after two days of marathon negotiations. The motion failed, 47-47.
REPUBLICANS are calling the Democrats’ efforts irresponsible -- they blamed Speaker NANCY PELOSI. Democrats say Senate Majority Leader MITCH MCCONNELL (R-Ky.) didn’t accede to their demands.

THE MAIN ISSUE , according to Democrats, is a $500-billion “slush fund” that is aimed at helping companies that have suffered due to the economic slowdown . Democrats say it has little oversight and does not help workers. They also say Treasury Secretary STEVE MNUCHIN would have too much influence over the disbursement of the money with insufficient oversight.

THE TWO SIDES are still in negotiations over the bill, and McConnell and Schumer say they could yet reach a deal tonight....