Westwood Horizon

Washington Reaches Deal on Historic Stimulus Package

By Shawkin Kabir, Reporter | March 26, 2020

The past few days have been a frenzy in Washington as members of the US Senate and House have negotiated a nearly $2 trillion stimulus package bill to help with the nation’s damaged economic state due to the coronavirus. The Republican sponsored bill has failed to advance repeatedly on Sunday and Monday, as Senate Democrats opposed several key portions. The cause for failure of the bill’s advancement was due to key policy disagreements between the two parties on elements of the package. A major point of discontent for Senate Democrats was that the bill gives $500 billion in corporate loan funds. This was a sticking point for Democrats because there were no restrictions on how the money from the loans may be spent. “[The bailout fund is] a giant, giant corporate bailout fund with...

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