Friday, May 15, 2020

This is a probably a waste of money except for one thing which I agree with: "another round of direct $1,200 payments". I already received the 1st $1,200 which I didn't need. It would be so nice if I could score another $1,200 which I will never need. For me the coronavirus problem is a good thing. Sorry about all the death and suffering but I love lots of free cash.

New York Times

House Passes $3 Trillion Relief Bill Seen as Democrats’ Opening Bid

The House narrowly passed a coronavirus relief package, but it has little chance of becoming law.

A divided House on Friday narrowly passed a $3 trillion pandemic relief package to send aid to struggling state and local governments and another round of direct $1,200 payments to taxpayers, advancing a proposal with little chance of becoming law over near-unanimous Republican opposition.

As retail sales plunged and jobless claims mounted, the prospect of more aid from Washington remained uncertain. Democratic leaders characterized the $3 trillion measure, which President Trump has promised to veto, as their opening offer in future negotiations over the next round of coronavirus aid, forging ahead in passing it even amid rifts within their own ranks.

With nearly $1 trillion in aid to battered states, cities and Native American tribes, and another round of bolstered jobless benefits and direct government payments to Americans, the measure was an expansive sequel to the $2.2 trillion stimulus enacted in March, reflecting Democrats’ desire to push for a quick and aggressive new round of help.

Mr. Trump and Republicans have vacillated about whether they would commit to another phase of federal assistance, and have made it clear they are in no rush to provide it.

The bill passed on a tight margin, 208-199, as some moderate Democrats from conservative-leaning districts rejected it as a costly overreach that included provisions unrelated to the pandemic.

Even though the bill was more a messaging document than a viable piece of legislation, its fate was in doubt in the final hours before its passage. Republicans forced a vote to bar undocumented immigrants from receiving $1,200 coronavirus aid payments, hoping to garner the support of enough centrist Democrats to prevail.

If that happened, progressives were privately threatening to band together with members of the Congressional Hispanic Caucus to sink the bill, according to people familiar with their conversations who detailed them on the condition of anonymity.

Ms. Pelosi furiously worked the House floor into the evening, intercepting lawmakers as they came, in an effort to discourage them from backing the Republicans’ proposal. Her efforts prevailed and the effort fell short.

The economic destruction caused by the virus continued to upend life in America. Retail sales plunged a record 16.4 percent in April, according to government data reported Friday, on the heels of an 8.3 percent drop in March. It was by far the largest two-month decline on record, and prompted storied brands including J. Crew, Neiman Marcus and J.C. Penney to file for bankruptcy.

The grim retail news was announced just a day after the government reported that nearly three million people had filed unemployment claims last week, bringing the two-month tally to a staggering 36 million jobless claims.

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