On The Money: Trump hopes to reopen economy by Easter | GOP senators expect stimulus vote on Wednesday | Democratic leaders forecast at least two more relief bills

On The Money: Trump hopes to reopen economy by Easter | GOP senators expect stimulus vote on Wednesday | Democratic leaders forecast at least two more relief bills
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THE BIG DEAL--Trump says he hopes to have economy reopen by Easter: President TrumpDonald John TrumpOmar fires back at Trump over rally remarks: 'This is my country' Pelosi: Trump hurrying to fill SCOTUS seat so he can repeal ObamaCare Trump mocks Biden appearance, mask use ahead of first debate MORE on Tuesday said he hopes to have the country "opened up" by Easter -- Sunday, April 12 -- his most concrete goal to date for easing off restrictions meant to curb the spread of the coronavirus. 

Trump in a Fox News virtual town hall doubled down on his push to reopen businesses in a matter of weeks in order to reinvigorate an economy stunned by the growing pandemic.

"You can destroy a country this way, by closing it down, where it literally goes from being the most prosperous," Trump said.

"I would love to have the country opened up and just raring to go by Easter," Trump later added.

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  • His decision to set a specific date came after days of discussion among advisers, but the truncated time frame breaks with public health experts and some lawmakers who have said containing the virus should take precedence.
  • The president's comments on Tuesday made clear he is attempting to strike that balance, but is leaning toward prioritizing the economy. Some advisers have signaled in recent days that Americans are getting restless with the lack of a clear timetable for when they can return to ordinary life.
  • But some economists and Republican lawmakers have warned of potentially disastrous consequences if Americans return to work and begin ignoring public health guidance to limit the spread of the virus.
  • Dr. Anthony Fauci, the head of the National Institute of Allergy and Infectious Diseases, said later Tuesday that Trump's timeline should be "flexible." "You can look at a date but you've got to be very flexible and on a literally day-by-day and week-by-week basis," he said.

The Hill's Brett Samuels and Morgan Chalfant explain here.

 

Reactions:

 

LEADING THE DAY

GOP senators expect stimulus vote on Wednesday: Republican senators say they don't expect a vote on a $2 trillion stimulus package until Wednesday as negotiators continue to refine language in the sprawling bill.

  • One senior Republican senator said "legislative drafting is going to go late into the night."
  • A second lawmaker said the emerging consensus within the Senate GOP conference is that while a miracle might happen and a vote is possible tonight, it's more likely that it occurs Wednesday.

GOP leaders are giving colleagues guidance that a vote is most likely Wednesday daytime even though some rank-and-file members want to vote after midnight to give employers guidance as quickly as possible about what assistance they can expect from Washington.

 

The state of play:

 

What's inside: 

  • The federal government will pay the full salaries of furloughed workers for up to four months under the emerging stimulus deal, which may get a vote as soon as Tuesday.
  • The Senate bill will also provide about $500 billion to the Treasury Department to backstop Federal Reserve loans to industries facing a liquidity shortage because of a loss of business related to the coronavirus crisis.

 

Democratic leaders forecast at least two more coronavirus relief bills: Even as lawmakers in both chambers are racing this week to enact a massive coronavirus relief package -- the third in as many weeks -- House Democratic leaders are telling members to expect at least two more stimulus measures in the weeks and months ahead.

It remains unclear what the next rounds of relief might entail. But House lawmakers are not alone in predicting that the economic fallout from the coronavirus will require Congress to take additional action. The Hill's Mike Lillis and Scott Wong tell us why.

 

GOOD TO KNOW

 

ODDS AND ENDS