JUST IN: Senate Republicans have unveiled a draft of a $1 trillion emergency relief bill that includes direct payments to Americans under a certain income level and other economic stimulus plans
It's a move that sets the stage for negotiations to begin in earnest between Republicans and Democrats in an effort to reach a bipartisan deal to help an economy hit hard by the rapid spread of coronavirus.Senate Majority Leader Mitch McConnell called the plan"a bold legislative proposal," in remarks on the Senate floor, saying that he was"officially introducing the Coronavirus Aid, Relief and Economic Security Act.
Read MoreThe proposal, a draft of which was obtained by CNN, underscores the scale of the economic crisis now facing individuals and businesses across the country amid the accelerating pandemic and addresses bolstering health care resources, student loans and aid, business tax provisions and temporary authority.Americans eager for emergency relief will be forced to wait on CongressThe proposal, however, is just an opening bid as the Senate attempts to address the coronavirus outbreak.
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