The negotiations to find an agreement on a major plan to relaunch the world’s largest economy, hard-hit by the pandemic coronavirus, proceeded to the u.s. Congress on the night of Tuesday to Wednesday, despite the optimism that marked the day.
The senators, republicans, democrats and the White House have been negotiating since Friday on what is expected to be the largest stimulus packages ever approved at one time by the Congress.
While first-world economy is probably already in a recession, they are expected to mobilize around us $ 2 000 billion.
Shortly before midnight, the secretary of the Treasury Steven Mnuchin, the main emissary of the White House for those discussions, continued to meet with the heads of the republicans and democrats of the Senate, according to u.s. media.
The us president, Donald Trump had called on Tuesday morning the Congress to “act immediately”. “The more it will take time, the more difficult it will be to restart the economy. Our workers are going to suffer,” he tweeted.
“This plan will represent the largest assistance programme to the real economy in the history of the United States,” had stated on Tuesday evening, the economic adviser of the White House Larry Kudlow.
“We urgently need this law to strengthen the economy, to inject liquidity and stabilize the financial markets in order to get through this difficult period ( … ), but also to position ourselves before the rebound, I think, which could happen later this year,” he added, during a press conference at the White House.
He had said that the negotiators were expected “to vote as soon as possible”.
But in the night of Tuesday to Wednesday, no consensus on the text had not yet been presented, and the optimism ambient was replaced with the anger of some senators.
“Vote on this cursed text. Stop to negotiate. That’s enough”, launched it in the chamber republican senator Lindsey Graham, an ally of Donald Trump.
More oversight sought
The optimism was, however, bounce back Tuesday on Wall Street, the Dow Jones registering its highest growth rate in a session in nearly 90 years.
Sunday, then Monday, senate democrats have rejected motions that would have allowed a quick vote on the stimulus plan, arguing that the latter was still in negotiations.
But the majority leader republican Mitch McConnell was finally announced on Tuesday morning that the upper chamber was “very close” to a text which would incorporate the proposals democrats.
The measures include direct subsidies paid to Us, loans for small businesses and for the heavyweights of the economy, including the aviation sector, as well as more resources for hospitals in the united states, he enumerated.
The leader of the minority democrat in the Senate, Chuck Schume, said, in the morning also, that the last barriers to the agreement could be overcome “in the next few hours”.
Echaudée by the excesses of the beneficiaries of the bailout of the 2008 crisis, the opposition calls in particular for the administration to Trump an increased supervision of loans to large companies, the payment of full wages for several months, the employees in technical unemployment, and yet more ways for the hospitals.
When it has been passed in the Senate, the stimulus plan must still be approved by the House of representatives, controlled by democrats, before it can be enacted by the republican president.
Donald Trump has indicated that the measures outlined this weekend it had rained, and until the president and democratic House leader Nancy Pelosi evokes a counter-proposal with provisions regarding the environment.
“There were terrible things in there”, he said on Fox News. “I said, “I don’t sign it””.
Ms. Pelosi has acknowledged that his party would like to particularly limit the greenhouse gas emissions of airlines “if we give them billions of dollars”.
But she seemed open to approving the Chamber with a text that would be adopted by the Senate, whether it was by consensus and included the major priorities of the democrats.
The pandemic also affects the Congress, with three members tested positive for the coronavirus, and at least a dozen in voluntary isolation.
The balance sheet is increasing rapidly in the United States, which dénombraient Tuesday evening, with nearly 800 deaths and over 55 000 officially reported cases of Covid-19, according to the Johns Hopkins university, in which reference is made.