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Congress close to stimulus deal

by Harvest Prude
Posted 3/13/20, 12:00 pm

WASHINGTON—House lawmakers worked late into the evening Thursday on legislation to respond to the COVID-19 outbreak. House Speaker Nancy Pelosi, D-Calif., said they will likely vote on Friday on an economic stimulus package that will provide free coronavirus testing along with sick pay and other measures for affected workers. The Senate is in recess, but Majority Leader Mitch McConnell, R-Ky., said he would bring back lawmakers to vote on the legislation.

Will the measures boost the economy? A unified response out of Washington is likely to calm some investor fears. Thursday saw the biggest daily drop in stocks since the crash of 1987. The Federal Reserve Bank of New York announced it would offer $1.5 trillion in short-term loans to banks. Markets rebounded slightly early on Friday.

Dig deeper: Read Rachel Lynn Aldrich’s report in The Sift about some of the sporting events, concerts, and other public gatherings that the new coronavirus outbreak has shuttered.


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Harvest Prude

Harvest is a reporter for WORLD based in Washington, D.C.

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  • Narissara
    Posted: Fri, 03/13/2020 10:00 pm

    I read that this budget bill allegedly has tax dollars earmarked to fund abortion and reward LGBTQ relationships and conduct.  I have not been able to do any fact checking to verify this information.  If it's not true, then the organization making these assertions is not a very reliable source and I will unsubscribe to their mailing list.

    If it is true, however, it helps to confirm doubts I've seen expressed on this site that, while coronavirus needs to be taken seriously, the media is deliberately trying to create mass hysteria to help advance a hidden agenda, that the situation is being exploited for political and economic gain.  

    And, again, if it is true, shame on World for fueling the public's fears instead of exposing a Trojan horse. 

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