Freedom4um

Status: Not Logged In; Sign In

National News
See other National News Articles

Title: Traders Puke After Bernie Sanders Threatens To Hold Up Coronavirus Package
Source: [None]
URL Source: https://www.zerohedge.com/political ... rs-demand-fix-massive-drafting
Published: Mar 25, 2020
Author: Tyler Durden
Post Date: 2020-03-25 18:15:19 by Horse
Keywords: None
Views: 954
Comments: 4

Update (1600ET): Stocks tumbled into the bell after Sen. Bernie Sanders (I-VT) became the latest lawmaker to threaten to hold up the coronavirus stimulus package "until stronger conditions are imposed on the $500 billion corporate welfare fund."

"Unless Senators Graham (R-SC), Sasse (R-NE) and Time Scott (R-SC) drop their anti-worker objections to fast-tracking the emergency coronavirus legislation, I am prepared to put a hold on this bill until stronger conditions are imposed on the $500 billion corporate welfare fund," Sanders said over Twitter.

Bernie Sanders ✔ @SenSanders

Unless Republican Senators drop their objections to the coronavirus legislation, I am prepared to put a hold on this bill until stronger conditions are imposed on the $500 billion corporate welfare fund.

Phil Mattingly ✔ @Phil_Mattingly

AOC warns she may force House members to return for stimulus vote, potentially delaying final passage, via @mkraju http://www.cnn.com/2020/03/25/politics/alexandria-ocasio-cortez-coronavirus-package-vote/index.html …

Viraj Patel @VPatelFX

Bernie Sanders doing his best to claim the 2020 sell-off in stocks

Update (1415ET): GOP Senators have cautioned against fast-tracking the bull as it stands, which would "create a perverse incentive to sever the employer/employee relationship," according to a spokesman for Sen. Sasse (R-NE).

The Senators are working on an amendment which would ensure that the maximum unemployment benefit is 100% of someone's salary.

* * *

First it was Nancy Pelosi 'rode into town from her extended vacation' to kill the GOP coronavirus bill.

Now, despite what we were told was a done dea, three Republican Senators have demanded an "immediate fix" to a drafting error in the bill which may delay its passage.

Sens. Scott (SC), Sasse(NE) and Graham (SC) wrote in a Wednesday letter:

"A massive drafting error in the current version of the coronavirus relief legislation could have devastating consequences: Unless this bill is fixed, there is a strong incentive for employees to be laid off instead of going to work. This isn't an abstract, philosophical point -- it's an immediate, real-world problem."

According to the Senators, "If the federal government accidentally incentivizes layoffs, we risk life-threatening shortages in sectors were doctors, nurses and cooks are trying to get food to families' tables."

Jennifer Shutt ✔ @JenniferShutt

Sens. Scott, Sasse and Graham "demand" a fix to the current version of the stimulus bill.

"Unless this bill is fixed, there is a strong incentive for employees to be laid off instead of going to work."


Poster Comment:

Donkeys will be donkeys. (1 image)

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

Begin Trace Mode for Comment # 1.

#1. To: Horse (#0)

GOP Senators have cautioned against fast-tracking the bull as it stands

The most apt typo I've seen in a long while.

Anthem  posted on  2020-03-25   18:54:42 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 1.

#2. To: Anthem (#1)

LOLOLOLOL!!!

NeoconsNailed  posted on  2020-03-25 18:58:43 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 1.

TopPage UpFull ThreadPage DownBottom/Latest