Senate Republicans released their proposal for a third coronavirus relief package Thursday as Washington moves swiftly to try to head off economic disaster.
The 247-page legislation introduced by Senate Majority Leader Mitch McConnell, expected to cost at least $1 trillion, includes cash payments to Americans. The measure — the final form of which will be subject to talks with Democrats and the White House — also includes relief for small businesses and major industries hammered by the global pandemic.
“We’re here, and we are ready to act as soon as an agreement with our colleagues across the aisle can be reached,” the Kentucky Republican said in releasing the plan that aims to avert calamity as the outbreak grinds American life to a halt.
McConnell said the bill includes four major components: “direct financial help” for Americans, “rapid relief” for small businesses, “significant steps to stabilize our economy” and “more support” for health-care professionals and…