Germany eyes fiscal plan to counter coronavirus impact: Handelsblatt
7 days ago by reuters.com
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Germany eyes fiscal plan to counter coronavirus impact: Handelsblatt
Germany is considering a fiscal stimulus program should the coronavirus hit the ...
Congress eyes billions in funding to fight coronavirus
WASHINGTON (AP) - Capitol Hill negotiations on emergency spending to combat the coronavirus outbreak are likely to produce a bill that's double or even triple the $2.5 billion plan requested by President Donald Trump just days ago. Lawmakers and aides involved in the talks say they are proceeding well and are likely to produce legislation in the $6 billion to $8 billion range. Both the Democratic-controlled House and GOP-held Senate are eager to complete work on the measure in the next two weeks. All sides say the $2.5 billion White House coronavirus plan - of which only $1.25 billion would be new funding - is inadequate. And Trump himself appears to be in no mood to pick a fight on the issue with Democratic rivals like House Speaker Nancy Pelosi, D-Calif., or top Senate Democrat Chuck Schumer of New York. "Congress is willing to give us much more than we're even asking for," Trump said Wednesday. "That's nice for a change." On Thursday, Schumer and Pelosi weighed in with a roster of demands, including interest-free loans for small businesses harmed by the outbreak and reimbursements for state and local governments for costs incurred in fighting the coronavirus. Schumer grabbed some headlines Wednesday by outlining an $8.5 billion plan to fight coronavirus, even as he threw his support behind bipartisan talks by the top members of the House and Senate Appropriations committees. "He's prioritized fighting with the White House over simply letting the appropriators do their work," said Senate Majority Leader Mitch McConnell, R-Ky. "'Fortunately, it appears we will have an opportunity to put this cynicism behind us quickly and move forward in a unified way." With both House and Senate taking a recess in two weeks, and U.S. health officials warning the...
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Germany has fiscal means to counter coronavirus in case of economic crisis: sources
Finance Minister Olaf Scholz told lawmakers on Wednesday that Germany would have...
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