WASHINGTON (Reuters) – The U.S. Senate on Tuesday was negotiating a nearly $2 trillion emergency bill that aims to counter some of the economic toll of the coronavirus pandemic.
The talks were still in flux after Democrats pushed back against initial Republican drafts of the bill, and officials in both parties said final numbers would be known only after disputes are resolved.
Below are some details under negotiation, which would need to be passed by the Republican-controlled Senate and the Democratic-controlled House of Representatives before going to President Donald Trump for his signature:
– About $500 billion in direct payments to people, in two waves of checks of up to $1,200 for an individual earning up to $75,000 a year. Additional payments for families with children could push the total to $3,000 for a family of four, according to Treasury Secretary Steven Mnuchin, who has played a key role in the negotiations.
– Up to $500 billion in “liquidity assistance” for distre