Lawmakers strike deal on more than $8 billion in emergency coronavirus funding
U.S. lawmakers on Wednesday unveiled more than $8 billion in emergency funding to address the spread of the deadly coronavirus. The House was expected to take up the proposal for a vote later Wednesday. Senate leaders hope to vote on the plan soon after.
“Our goal would be to do it this week if we get cooperation,” Senate Majority Leader Mitch McConnell, R-Ky., told reporters Wednesday.
The proposal, which followed days of negotiations on Capitol Hill, provides a total of $8.3 billion to combat the coronavirus outbreak. The bulk of that funding – 85% – will be spent domestically, according to Shelby’s statement.
A House Democratic aide told CNBC that the proposal includes:
More than $3 billion dedicated to the research and development of vaccines, as well as therapeutics and diagnostics;
$2.2 billion in public health funding to aid in prevention, preparedness, and response efforts – including $950 million to support state and local agencies;
Nearly $1 billion to go toward medical supplies, health care preparedness, Community Health Centers and medical surge capacity’
And $1.25 billion to address the coronavirus overseas.
Market Data 
Markets 
AI
