Democrats and Treasury say they are close to a compromise on $2 trillion economic package.
The Senate’s top Democrat and the treasury secretary said on Monday night they were close to a deal on a nearly $2 trillion economic stabilization package to respond to the coronavirus pandemic.
The announcement came hours after Democrats voted for the second time to block action until they secured more worker protections and restrictions on bailed-out companies.
“We expect to have an agreement in the morning,” Senator Chuck Schumer, Democrat of New York and the minority leader, told reporters just before midnight, as he wrapped up a final meeting with Steven Mnuchin, the treasury secretary. “There are still a few little differences,” he said.
Mr. Mnuchin said the two sides were very close to a compromise, though both sides cautioned there was no final agreement and the negotiations remained fluid. The two men called President Trump just before they broke for the night.
Mr. Schumer said the president’s response had been “very positive,” despite a tweet just minutes before in which Mr. Trump accused Democrats, led by the House Speaker Nancy Pelosi, of sabotaging the package and wanting “the virus to win.”
The apparent progress came after Mr. Mnuchin and Mr. Schumer spent hours haggling behind closed doors. Among other areas of contention, Democrats had demanded restrictions and oversight requirements over a proposed $500 billion fund that would be used to bail out distressed companies.
Democrats voted against moving forward with the plan Monday afternoon, sending markets plummeting. But after more discussion, late Monday night Mr. Schumer said he was hopeful that both sides could now come together quickly, with a vote possible by Tuesday evening.
Density creates alarming virus “attack rate” in New York City, officials say.
New York City has about a third of the nation’s confirmed coronavirus cases, making it the new epicenter of the outbreak in the United States.
Nearly 1 in 1,000 people in the New York metropolitan area have contracted the virus, five times the rate of the rest of the country, Dr. Deborah L. Birx, the White House’s coronavirus response coordinator, said on Monday.
The New York metro area is experiencing a virus “attack rate” of nearly one in a thousand, or five times that of other areas Dr. Birx said. In epidemiology, the attack rate is the percentage of a population that has a disease.
New York’s population density may help explain why the “attack rate” is so high.
New York is far more crowded than any other major city in the United States. It has 28,000 residents per square mile, while San Francisco, the next most jammed city, has 17,000, according to data from the U.S. Census Bureau.
All of those people, in such a small space, appear to have helped the virus spread rapidly through packed subway trains, busy playgrounds and hivelike apartment buildings, forming ever-widening circles of infections. The city now has more coronavirus cases per capita than even Italy.
Gov. Andrew M. Cuomo of New York will issue an order requiring hospitals to increase capacity by at least 50 percent, he said on Monday. New York State saw a one-day increase of nearly 5,000 cases, putting the total at 21,689 as of Monday night.
After days of criticizing the Trump administration for not doing enough to help the city, Mr. de Blasio said he had a “very substantial conversation” with President Trump and Vice President Mike Pence on Sunday night about getting additional supplies, medical personnel and financial support.
President Trump hints at a short shutdown: “I’m not looking at months.”
President Trump, in a nearly two-hour coronavirus briefing, hinted on Monday that the economic shutdown meant to halt the spread of the virus across the country would not be extended.
“America will again and soon be open for business,” the president said, without providing a timeline for when he believes normal economic activity could resume. He later added, “I’m not looking at months, I can tell you right now.”
“If it were up to the doctors, they’d say let’s shut down the entire world,” Mr. Trump said. “This could create a much bigger problem than the problem that you started out with.”
Mr. Trump also suggested that he would soon re-evaluate the federal guidance urging social distancing. More states moved on Monday to impose their own sweeping stay-at-home orders, which will soon cover more than 158 million Americans in 16 states.
Washington, Indiana, Massachusetts, Michigan, Wisconsin, West Virginia and Oregon became the latest states to announce sweeping directives to keep more people home in an effort to slow the spread of the virus.
Mr. Trump sent mixed signals from the White House podium, agreeing at one point with his surgeon general and saying, “It’s going to be bad,” then suggesting that the response to the virus may have been overblown.
“This is going away,” Mr….
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