WASHINGTON: The US Senate on Tuesday was weighing a multi billion-dollar emergency spending bill passed by the House of Representatives offering economic relief from the coronavirus pandemic as the Trump administration pressed for $850 billion more.

The House of Repre­sentatives over the weekend passed a measure that would require sick leave for workers and expand unemployment compensation among other steps, including nearly $1bn in ­additional money to help feed children, homebound senior citizens and others.

Senate Majority Leader Mitch McConnell has said his chamber is “anxious” to approve the House measure, a move that could happen on Tuesday.

“The Senate will not adjourn until we have passed significant and bold new steps, above and beyond what the House passed,” McConnell said on the Senate floor.

Senate Democratic Leader Chuck Schumer, however, warned that cutting the payroll tax — apparently the largest chunk of the Trump administration’s new proposal — “may be premature and the wrong response” to fighting the impact of the coronavirus on the economy. Even some Senate Republicans were not enamoured of cutting the payroll tax.

Members of both political parties were talking about large amounts of additional money to help blunt the impact of the fast-spreading disease. The outbreak has killed more than 7,000 people worldwide, including at least 89 in the United States, caused massive disruptions to daily life across the country and hammered global financial markets.

The Trump administration wants $500bn in a payroll tax cut, a $50bn bailout for airlines struggling from plummeting demand, and $250bn for small business loans, a US government official said.

Published in Dawn, March 18th, 2020

Opinion

Editorial

Royal tantrum
Updated 20 Jul, 2024

Royal tantrum

The PML-N's confrontational stance and overt refusal to respect courts orders on arguably flimsy pretexts is a dangerous sign.
Bangladesh chaos
Updated 20 Jul, 2024

Bangladesh chaos

The unfortunate events playing out in Bangladesh should serve as a warning sign for other South Asian states.
Fitch’s estimate
20 Jul, 2024

Fitch’s estimate

FITCH seems to be more optimistic about Pakistan accelerating its economic growth rate to 3.2pc during this fiscal...
Misplaced priorities
Updated 19 Jul, 2024

Misplaced priorities

The government must call its APC at the earliest and invite all stakeholders to take part; this matter cannot be delayed further.
Oman terror attack
19 Jul, 2024

Oman terror attack

THE normally peaceful sultanate of Oman was shaken by sectarian terrorism on Monday when militants belonging to the...
Urban flooding
19 Jul, 2024

Urban flooding

THE provincial authorities have been taking precautionary measures, or so we have been told, to cope with emergency...