Transcripts For CSPAN2 U.S. Senate Sens. McConnell Schumer

CSPAN2 U.S. Senate Sens. McConnell Schumer Announce Agreement With White House... July 13, 2024

Reached by the white house on a 2 trillion economic aid package. Final vote expected later today. Heres what Senate Leaders had to say about the bill. I have an update for the information of all senators, it is good news. It is good news for doctors and nurses and Emergency Rooms around the country who are waiting for more masks, more funding, good news for families across america, we have a deal. After days of intense discussions the senate has reached a bipartisan agreement on a historic relief package on his pandemic and it will rush new resources the front lines of the nations healthcare site and inject trillions of dollars of cash into the economy as fast as possible to help American Workers, families and industries make it through the disruption and emerge on the other side ready to soar. The bipartisan act, the four big priorities i had in my legislation at the beginning of the process a week ago. It will rush Financial Assistance to americans through direct checks to households, from middleclass on down and through significant and creative expansion of Unemployment Insurance during this emergency and deliver historic relief to main street america, hundreds of billions of dollars in emergency loans some more Small Businesses can survive this and keep paying their workers and secure Economic Foundation and stabilize National Industries to prevent as many layoffs as possible while keeping big countries counties accountable as both sides thought to do and it will push major relief to hospitals and Healthcare Providers to invest in new medicines and vaccines to beat this virus faster and get more equipment and masks to the frontline heroes who put themselves at risk to care for patients. This is a wartime level of investment into our nation the men and women of the greatest country on earth are going to defeat this coronavirus and reclaim our future. The senate is going to make sure they have the ammunition they need to do it. I am thrilled to deliver for the country, waiting for us to step up. Im thrilled we are ready to take yes for an answer. It has been a long week for the senate but a much longer week for the hundreds of millions of americans who find themselves in this strange new reality where every morning brings new worries about their health, about their loved ones, whether a job or Small Business will exist at this time next week. Help is on the way. The American People are rising to a grave challenge, the senate is about to follow suit. We are going to pass this legislation later today. Madam president , after 5 days of arduous negotiations, sleep deprived nights and marathon negotiating sessions, we have a bipartisan agreement on the largest rescue package in american history. This is not a moment of celebration but one of necessity, the anguish of the American People wondering about the future of the health of their loved ones and the economy. Necessitates us to do all we can to help them and help our country. From the very beginning democrats have had two primary goals, the Marshall Plan for Public Health workers on the front lines and putting workers first. The agreement after these five days reflects those democratic priorities and we are proud they are part of this legislation. Like all compromises it is far from perfect but we believe legislation has been improved significantly to warrant its quick consideration and passage because Many Democrats and republicans willing to do serious hard work, the bill is much better off than where it started. Democrats succeeded in making the bill substantially better on many counts. Here are four major pillars of the bill. First a Marshall Plan for hospitals and medical needs. There is much more money for hospitals and nurses, nursing homes, Community Health centers to do the job they need to do, 130 billion. Workers first, people being put out of work, they dont know what their future is like. How will they pay the bills . We come to their rescue and the most significant part of that is something im proud to have devised. We call it Unemployment Compensation on steroids. Every American Worker who is laid off will have their salary paid by the federal government so they can pay their bills and so many of them will be furloughed rather than fired, they have benefits they continue and extremely important, they stay with the company, Small Business, meaning the company or Small Business can reassemble once the awful plague is over and economy can get going quickly. Third, strict oversight, transparency and accountability of all loans made to corporate america, we need oversight, we need transparency. Every document will be public and made available to congress very quickly so we can see where the money is going and what the terms are and if it is fair to the American People, Oversight Board as well as an ig to make sure things are done on the level. Resources for state and local governments, one of the last decisions we had to make, 150 billion for states and localities so hard hit by the new expenses that covid19 puts behind them and they are not getting the resources they usually get, they are delayed until june. Finally, real real help for Small Businesses. My dad was a Small Business man, an exterminator and knows how Small Business people worry and suffer. They will get loans, their employees will be paid by the federal government while they are closed and they could bounce back after words. This agreement is really an outstanding agreement. To them, to all americans i say help is on the way. Big help and quick help. We are going to take up and pass this package to care for those who are now caring for us and help carry millions of americans through these dark economic times. I yield the floor. The senate gavels back in at noon eastern and we expect the final vote on the 2 trillion stimulus package. And follow updates to the federal response on cspan. Org coronavirus. And now live to london for british Prime Ministers question time. Each week the house of commons is in session we bring you Boris Johnson taking members from the house of commons live wednesday morning on cspan2. We invite your participation via twitter and hashtag pmqs. Prior to question time members are finishing up other business. Now live to the floor of the british house of commons. We are aware there are companies who shouldnt be there. Well, as visit its essential businesses that must carry on trading. I think the Prime Minister is here. Order. Ive a short statement to make. It is exceptional

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