Stay in the Loop

We are thrilled to extend a warm welcome to you as a valuable member of our vibrant crypto community! Whether you're an experienced trader, a crypto enthusiast, or someone who's just getting started on their digital currency journey, we're excited to have you onboard.

Read & Get Inspired

We're delighted to have you here and embark on this exciting journey into the world of Wikibusiness. Whether you're a newcomer or a seasoned explorer in this realm, we're dedicated to making your experience extraordinary. Our website is your gateway to a treasure trove of knowledge, resources, and opportunities.

PrimeHomeDeco

At PrimeHomeDeco, we believe that your home should be a reflection of your style and personality. Our upcoming website is dedicated to bringing you a curated selection of exquisite home decor that will transform your living spaces into elegant sanctuaries. Whether you're looking to revamp your living room, add a touch of sophistication to your bedroom, or create a cozy and inviting ambiance in your dining area, we have just the right pieces for you.

House passes coronavirus bill, which includes paid sick leave for workers

pelosi coronavirus billAP Photo/J. Scott Applewhite

  • The House of Representatives passed a bill to provide financial relief to Americans hamstrung by the novel coronavirus. It now heads to the Senate.
  • President Donald Trump tweeted on Friday that he supported the deal reached between House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin.
  • COVID-19, the name of the disease caused by the novel coronavirus, has increasingly shuttered businesses across the nation and encouraged consumers to stay home.
  • The legislation sought to expand paid sick leave and other programs during the pandemic.
  • Visit Business Insider’s homepage for more stories.

In the early hours on Saturday morning, the House of Representatives passed the Families First Coronavirus Response Act to provide financial relief to Americans hamstrung by the novel coronavirus — which has increasingly shuttered businesses across the nation and encouraged consumers to stay home. 

The measure will now head to the Senate for a vote. If it passes, the president has said he will sign the bill into law.

House Speaker Nancy Pelosi initially announced that a deal had been reached between Democrats and Treasury Secretary Steve Mnuchin on Friday evening. Shortly after, Trump tweeted that he supported the bill, saying he was looking “forward to signing the final Bill, ASAP!”

The Families First Coronavirus Response Act seeks to expand paid sick leave and other programs during the pandemic. Washington has dramatically escalated its response this week to the respiratory illness COVID-19, which has sickened more than 1,200 throughout the US. 

The bill includes free coronavirus testing, paid leave (including sick leave) protections for frontline workers, enhanced unemployment insurance, food security measures, and increased Medicaid funding.

“The coronavirus crisis presents a grave and accelerating threat to public health and to the economic security and well-being of the American people,” Pelosi said in a statement. “As members of Congress, we have a solemn and urgent responsibility to take strong, serious action to confront and control this crisis and to put Families First and stimulate the economy.”

The legislation was meant to build on an $8 billion coronavirus response package, which was approved with overwhelming bipartisan support within a matter of days last week. It called to expand unemployment insurance and support for small businesses, potentially through loans and tax deferrals.

But Republican leaders initially objected to certain aspects of the Families First Coronavirus Response Act that was proposed by Democrats a day earlier, prompting two days of behind-the-scenes negotiations between Pelosi and Mnuchin. 

Read more: Goldman Sachs studied every bear market in stocks since 1835 — and concluded that 3 red flags make this coronavirus-driven one unlike any other in history

Key issues included how a paid sick leave mandate would be carried out, with Republicans arguing that the Social Security Administration would take six months to send out checks. Some also pushed for amendments that would set an end date for the legislation and offer certain businesses exemptions. 

As concerns about the economy rose rapidly without signs of progress on the bill Thursday, Senate Majority Leader Mitch McConnell announced that the upper chamber would no longer take a recess that had been scheduled for next week. 

“I hope Congress can pass bipartisan legislation to continue combating the coronavirus and keep our economy strong,” McConnell said. 

On Wednesday evening, Trump announced the Treasury Department would defer tax payments for certain people and businesses in a move that he said would add $200 billion of liquidity to the economy. But other proposals from the White House have fallen flat on Capitol Hill, such as a payroll-tax cut that critics said would be ineffective and expensive. 

Policy responses from Washington have done little to ease fears about growth in the largest economy, which a growing number of experts have forecast could contract this year. Wall Street suffered its worst day since the 1987 stock-market crash on Thursday, even as the Federal Reserve stepped in with $1.5 trillion worth of short-term loans to banks.

Related articles

Multilingual Magic for Kids. VSL Magic!

Product Name: Multilingual Magic for Kids. VSL Magic! Click here to get Multilingual Magic for Kids. VSL Magic! at discounted price while it's still available... All orders are protected by SSL encryption – the highest industry...

2Pac 2026 Remix: Unavoidable (The Reckoning) Delivers Cinematic Hip-Hop Energy

2Pac – Unavoidable (The Reckoning) (2026) A Modern Remix That Revives a Legendary Voice In 2026, the legacy of Tupac Shakur continues to resonate through creative reinterpretations, and Unavoidable (The Reckoning) by Junior DJ Remix stands...

Dugi World of Warcraft Guides

Product Name: Dugi World of Warcraft Guides Click here to get Dugi World of Warcraft Guides at discounted price while it's still available... All orders are protected by SSL encryption – the highest industry standard for...

Super Affiliate Marketing Mastery

Product Name: Super Affiliate Marketing Mastery Click here to get Super Affiliate Marketing Mastery at discounted price while it's still available... All orders are protected by SSL encryption – the highest industry standard for online security...

One of the Largest Tattoo Design Collections and Resources Online!

Product Name: One of the Largest Tattoo Design Collections and Resources Online! Click here to get One of the Largest Tattoo Design Collections and Resources Online! at discounted price while it's still available... All orders are...
[mwai_chat model="gpt-4"]