U.S. House bill targets banks amid fears over China law for Hong Kong

By Patricia Zengerle

WASHINGTON (Reuters) – The U.S. House of Representatives passed legislation on Wednesday that would penalize banks doing business with Chinese officials who implement Beijing’s draconian new national security law imposed on the former British colony of Hong Kong.

China responded by saying the United States should stop interfering in Hong Kong affairs and warned that it would “resolutely and forcefully resist”.

Hong Kong returned to Chinese rule in 1997 under a “one country, two systems” formula that protected its freedoms, including an independent legal system, and wide-ranging autonomy. But China on Tuesday introduced sweeping national security legislation for the city, condemned by the United States, Britain and other Western countries.

British Foreign Secretary Dominic Raab reprimanded HSBC and other banks on Wednesday for supporting the new law, saying the rights of Hong Kong should not be sacrificed for bankers’ bonuses.

Senior British and U.S. politicians criticized HSBC and Standard Chartered last month after the banks backed the new law.

The law punishes crimes of secession, subversion, terrorism and collusion with foreign forces with up to life in prison, will see mainland security agencies in Hong Kong for the first time and allows extradition to the mainland for trial.

The House measure passed unanimously, reflecting concern in Washington over the erosion the autonomy that allowed Hong Kong to thrive as China’s freest city and an international financial center.

The U.S. Senate passed similar legislation last week, but under congressional rules the bill must return to the Senate and be passed there before being sent to the White House for President Donald Trump to sign into law or veto.

House Speaker Nancy Pelosi made an unusual appearance at a committee hearing on the situation in Hong Kong to say the security law marked the death of the “one country, two systems” principle.

“The law is a brutal, sweeping crackdown against the people of Hong Kong, intended to destroy the freedoms they were promised,” she told the House Foreign Affairs Committee hearing.

Chinese Foreign Ministry spokesman Zhao Lijian said in Beijing on Thursday the United States “must stop advancing the bill, let alone sign it or implement” it.

“Otherwise China will resolutely and forcefully resist,” he said.

U.S. Secretary of State Mike Pompeo said the security law was an affront to all nations and Washington would continue to implement Trump’s directive to end the territory’s special status.

The United States has already begun eliminating Hong Kong’s special status, halting defense exports and restricting the territory’s access to high-technology products.

(Reporting by Patricia Zengerle; Additional reporting by Huizhong Wu in Beijing; Editing by Sandra Maler, David Gregorio and Nick Macfie)

Senate opens controversial probe of Trump-Russia investigation

By David Morgan

WASHINGTON (Reuters) – Republican allies of President Donald Trump attacked the FBI’s probe of his 2016 presidential campaign on Wednesday, but failed to get a key witness to agree that former U.S. Special Counsel Robert Mueller’s Russia investigation was unfounded.

At the opening hearing in a Republican-led Senate probe that Democrats called politically motivated, former U.S. Deputy Attorney General Rod Rosenstein defended his 2017 decision to appoint Mueller to investigate Russian election interference and numerous contacts between the Trump campaign and Russia.

“I still believe it was the right decision under the circumstances,” Rosenstein told the Senate Judiciary Committee.

“All the charges that were filed were legitimate,” he said when asked about cases filed against a half-dozen campaign officials and Trump associates.

The committee is examining the surveillance of Trump campaign officials during the FBI investigation code-named “Crossfire Hurricane,” which led to Mueller’s appointment.

Trump and his Republican allies say the president’s campaign was treated unfairly by officials involved, including former FBI Director James Comey.

“This investigation, Crossfire Hurricane, was one of the most corrupt, biased, criminal investigations in the history of the FBI,” Senate Judiciary Committee Chairman Lindsey Graham said.

But the panel’s top Democrat, Senator Dianne Feinstein, warned that Senate Republicans were trying to help Trump attack both the Russia probe that overshadowed his presidency and Joe Biden, the presumptive 2020 Democratic presidential nominee who was vice president at the time of Trump’s campaign.

“Congress should not conduct politically motivated investigations designed to attack or help any presidential candidate,” she said.

The Justice Department inspector general found numerous errors in the Crossfire Hurricane probe, including mistakes in seeking surveillance approval, but no political bias.

Rosenstein said he was unaware of problems with warrants allowing surveillance, saying he would not have given his approval had he known at the time.

(Reporting by David Morgan, Sarah N. Lynch and Mark Hosenball; editing by Grant McCool, Alistair Bell and Tom Brown)

Next U.S. coronavirus rescue package not too far off, McConnell says

WASHINGTON (Reuters) – U.S. Senate Republican leader Mitch McConnell said on Thursday another stimulus package to deal with the impact of the coronavirus was “not too far off.”

“I think there is a high likelihood we will do another rescue package,” McConnell told Fox News Channel in an interview.

“But we need to be able to measure the impact of what we’ve already done, what we did right, what we did wrong … We’re not quite ready to intelligently lay down the next step, but it’s not too far off.”

(Reporting by Mohammad Zargham and Makini Brice; Editing by Sandra Maler)

U.S. House to pass nearly $500 billion more in coronavirus relief

By Patricia Zengerle and Richard Cowan

WASHINGTON (Reuters) – Hundreds of members of the U.S. House of Representatives will gather in Washington on Thursday to pass a $484 billion coronavirus relief bill, bringing the unprecedented total of funds approved for the crisis to nearly $3 trillion.

The measure is expected to be approved with solid bipartisan support in the Democratic-led House, but opposition by some members of both parties forced legislators to return to Washington despite stay-at-home orders intended to control the spread of the virus.

The Republican-led Senate passed the legislation on Tuesday, so approval by the House will send it the White House, where President Donald Trump has promised to quickly sign it into law.

The bill – which would be the fourth passed to address the crisis – provides funds to small businesses and hospitals struggling with the economic toll of a pandemic that has killed more than 45,000 Americans and put more than 22 million out of work.

Congress passed the last coronavirus relief bill, worth more than $2 trillion, in March.

Some Democrats are unhappy that the latest bill omits financial help for state and local governments reeling from the impact of lost revenue. Some Republicans are unhappy that so much government spending has been approved so quickly.

Trump has said he supports more funding for states, and has promised to back it in future legislation after fellow Republicans refused to include it in the current relief package.

Republican Senate Majority Leader Mitch McConnell suggested in a radio interview on Wednesday that states could go bankrupt, but said later he did not want states to use federal funds for anything unrelated to the coronavirus.

‘CONGRESS IS ESSENTIAL’

Echoing Trump, many Republicans also want the country – including Congress – to reopen more quickly than in the several more weeks recommended in many states.

“Congress is essential. The American public needs to see that we are working. The American public has to understand that we can do it in a safe manner so states and others can begin to open as well,” House Republican leader Kevin McCarthy said Wednesday at a news conference outside the Capitol.

House members from both parties said they were willing to risk travel to ensure that the legislation passed, some posting selfies on social media from airplanes on which passengers seemed outnumbered by crew.

“People who feel they can vote should be encouraged to vote. Those that don’t are not being pushed,” said Democratic Representative Pete Aguilar, one of a few party “whips” responsible for making sure floor votes occur without a hitch.

Aguilar spoke to Reuters on Tuesday upon landing in Washington from a “pretty empty” flight from Los Angeles.

The House will also vote on a select committee to study the reaction to the coronavirus outbreak. Democratic House Speaker Nancy Pelosi backed away, however, from voting on a measure to allow members to cast proxy votes on colleagues’ behalf.

Instead of pushing through the vote-by-proxy measure, Pelosi told Democrats she and McCarthy would have a bipartisan group of House lawmakers review remote voting by proxy.

Congress has not met in regular session since last month, and is in recess until at least May 4 because of the coronavirus.

House Republicans had opposed the proxy vote plan, saying there are already measures in place to ensure Congress can act in an emergency.

(Reporting by Patricia Zengerle and Richard Cowan; Editing by Peter Cooney)

U.S. House to pass nearly $500 billion more in coronavirus aid on Thursday

WASHINGTON (Reuters) – The U.S. House of Representatives will pass Congress’ latest coronavirus aid bill on Thursday, House Speaker Nancy Pelosi said, paving the way for nearly $500 billion more in economic relief amid the pandemic.

Pelosi, in an interview on MSNBC on Wednesday, said House lawmakers were ready to then move on to a fifth effort to continue tackling issues swelling from the outbreak that has crushed the nation’s economy and battered its healthcare system.

“We’ll pass it tomorrow in the House,” the California Democrat said.

The bipartisan $484-billion package, which passed the Republican-led U.S. Senate on Tuesday, includes an additional $321 billion for a previously set up small business lending program that quickly saw its funds exhausted.

It also includes $60 billion for a separate emergency disaster loan program – also for small businesses – and $75 billion for hospitals and $25 billion for national coronavirus testing.

Pelosi said she hopes the newly provided funds will be able to flow to strapped employers and others as soon as possible after U.S. President Trump, who has backed the bill, signs it into law.

“This is absolutely urgent,” she told MSNBC.

She also said a subsequent fifth aid package should also include money to protect U.S. elections and the U.S. Postal Service.

(Reporting by Susan Heavey; additional reporting by Lisa Lambert; Editing by Andrew Heavens and Nick Zieminski)

Historic $2.2 trillion coronavirus bill passes U.S. House, Trump signs into law

U.S. President Donald Trump signs an executive order on immigration policy in the Oval Office of the White House in Washington, U.S., June 20, 2018. REUTERS/Leah Millis

By David Morgan and Susan Cornwell

WASHINGTON (Reuters) – The U.S. House of Representatives on Friday approved a $2.2 trillion aid package – the largest in history – to help cope with the economic downturn inflicted by the intensifying coronavirus pandemic, and President Donald Trump quickly signed it into law.

The massive bill passed the Senate and House of Representatives nearly unanimously. The rare bipartisan action underscored how seriously Republican and Democratic lawmakers are taking the global pandemic that has killed more than 1,500 Americans and shaken the nation’s medical system.

“Our nation faces an economic and health emergency of historic proportions due to the coronavirus pandemic, the worst pandemic in over 100 years,” House Speaker Nancy Pelosi said at the close of a three-hour debate before the lower chamber approved the bill. “Whatever we do next, right now we’re going to pass this legislation.”

The massive bill also rushes billions of dollars to medical providers on the front lines of the outbreak.

But the bipartisan spirit seemed to end at the White House. Neither Pelosi nor Senate Democratic Leader Chuck Schumer was invited to Trump’s all-Republican signing ceremony for the bill, aides said.

Their Republican counterparts, House Minority Leader Kevin McCarthy and Senate Majority Leader Mitch McConnell, did attend, along with three Republican House members.

“This will deliver urgently needed relief to our nation’s families, workers and businesses,” Trump said. “I really think in a fairly short period of time … we’ll be stronger than ever.”

In an statement about signing the bill, Trump rejected aspects of a provision in the law setting up an inspector general to audit some loans and investments.

Asked about the statement, Pelosi told MSNBC: “Congress will exercise its oversight and we will have our panel … appointed by the House, in real time to make sure we know where those funds are being expended.”

She called Trump a “dangerous president” who had chosen to ignore the threat of the coronavirus.

“Our next thrust will be about recovery and how we can create good-paying jobs so that we can take the country into the future in a very strong way,” Pelosi said.

The Democratic-led House approved the package on a voice vote, turning back a procedural challenge from Republican Representative Thomas Massie, who had sought to force a formal, recorded vote.

To keep Massie’s gambit from delaying the bill’s passage, hundreds of lawmakers from both parties returned to Washington despite the risk of contracting coronavirus. For many, that meant long drives or overnight flights.

One member who spent hours in a car was Republican Representative Greg Pence, the brother of Vice President Mike Pence, whom Trump has put in charge of efforts to handle the coronavirus crisis.

Pence drove the nearly 600 miles (966 km) from his home state, Indiana, to Washington on Thursday. “We can’t afford to wait another minute,” he said on Twitter.

‘THIRD-RATE GRANDSTANDER’

Massie wrote on Twitter that he thought the bill contained too much extraneous spending and gave too much power to the Federal Reserve, the U.S. central bank. His fellow lawmakers overruled his request for a recorded vote.

Trump attacked Massie on Twitter, calling him a “third rate Grandstander” and saying he should be thrown out of the Republican party. “He just wants the publicity,” wrote the president, who last week began pushing for urgent action on coronavirus after long downplaying the risk.

Democratic and Republican leaders had asked members to return to Washington to ensure there would be enough present to head off Massie’s gambit. The session was held under special rules to limit the spread of the disease among members.

At least five members of Congress have tested positive for the coronavirus and more than two dozen have self-quarantined to limit its spread.

The Senate, which approved the bill in a unanimous vote late on Wednesday, has adjourned and is not scheduled to return to Washington until April 20.

Democratic and Republican House leaders appeared together at a news conference at the Capitol to celebrate the bill’s passage – an unusual event for a chamber that is normally sharply divided along partisan lines.

“The virus is here. We did not ask for it, we did not invite it. We did not choose it. But with the passing of the bill you will see that we will fight it together, and we will win together,” McCarthy said.

He did not say whether Massie would face any disciplinary measures from the party.

The rescue package is the largest fiscal relief measure ever passed by Congress.

The $2.2 trillion measure includes $500 billion to help hard-hit industries and $290 billion for payments of up to $3,000 to millions of families.

It will also provide $350 billion for small-business loans, $250 billion for expanded unemployment aid and at least $100 billion for hospitals and related health systems.

The number of coronavirus cases in the United States exceeded 100,000 on Friday, according to a Reuters tally, the most of any country.

Adding to the misery, the Labor Department reported the number of Americans filing claims for unemployment benefits surged to 3.28 million, the highest level ever.

(Reporting by David Morgan, Lisa Lambert, Doina Chiacu, Richard Cowan, Susan Cornwell, Andy Sullivan and Patricia Zengerle; Writing by Andy Sullivan and Patricia Zengerle; Editing by Jonathan Oatis, Daniel Wallis and Stephen Coates)

Senate sends House $2 trillion coronavirus bill; vote expected Friday

By David Morgan and Richard Cowan

WASHINGTON (Reuters) – The U.S. Senate’s unanimous passage of an estimated $2.2 trillion coronavirus relief bill sent the unprecedented economic rescue legislation to the House of Representatives, whose leaders hope to pass it on Friday.

The plan will speed direct payments on their way to Americans within three weeks, once the Democratic-controlled House passes it and President Donald Trump has signed it into law, Treasury Secretary Steven Mnuchin said.

The Republican-led Senate approved the bill – which would be the largest fiscal stimulus measure ever passed by Congress – by 96 votes to zero late on Wednesday, overcoming bitter partisan negotiations and boosting its chances of passing the Democratic-majority House.

The unanimous vote, a rare departure from bitter partisanship in Washington that followed several days of wrangling, underscored how seriously members of Congress are taking the global pandemic as Americans suffer and the medical system reels.

“When there’s a crisis of this magnitude, the private sector cannot solve it,” Senate Democratic Leader Chuck Schumer said.

“Individuals, even with bravery and valor, are not powerful enough to beat it back. Government is the only force large enough to staunch the bleeding and begin the healing.”

The Committee for a Responsible Federal Budget estimated the price tag at $2.2 trillion.

The package is intended to flood the country with cash in a bid to stem the crushing impact on the economy of an intensifying pandemic that has killed about 1,000 people in the United States and infected nearly 70,000.

Only two other nations, China and Italy, have more coronavirus cases than the United States. The World Health Organization has warned the United States looks set to become the epicenter of the pandemic.

The American government’s intervention follows two other packages that became law this month. The money at stake amounts to nearly half of the total $4.7 trillion the U.S. government spends annually.

Trump, a Republican who has promised to sign the bill as soon as it passes the House, expressed his delight on Twitter. “96-0 in the United States Senate. Congratulations AMERICA!” he wrote.

House leaders said they would have a voice vote on Friday. House Speaker Nancy Pelosi said she backed the bill, and was open to passing more legislation if needed to address the crisis in the future.

The House Republican leadership is recommending a “yes” vote. Republican leader Kevin McCarthy predicted the measure would pass. He said the voice vote would take place Friday morning following a debate, but noted the entire House might not be present.

“Remember where we are today. We have a number of members who have the virus on both sides of the aisle, we have a number of members who are quarantined, we have challenges for flying here because some flights are being canceled. So you might not have the full body, but you want to make sure you have the debate,” McCarthy said on Fox News.

The massive bill, worth more than $2 trillion, includes a $500 billion fund to help hard-hit industries and a comparable amount for direct payments of up to $3,000 apiece to millions of families.

The legislation will also provide $350 billion for small-business loans, $250 billion for expanded unemployment aid and at least $100 billion for hospitals and related health systems.

The House has 430 members, most of whom have been out of Washington since March 14. Many want to return for the vote, but for all to attend would be difficult, given that at least two have tested positive for the coronavirus, a handful of others are in self-quarantine, and several states have issued stay-at-home orders.

The Senate’s No. 2 Republican, John Thune, missed Wednesday’s vote because he was not feeling well. His spokesman said Thune flew back to his state, South Dakota, on a charter flight Wednesday, accompanied by a Capitol Police officer and wearing a mask.

There are five vacant House seats.

(Reporting by David Morgan and Richard Cowan, additional reporting by Susan Cornwell and Patricia Zengerle; Editing by Scott Malone and Jonathan Oatis)

Tempers rise in U.S. Senate as vote nears on $2 trillion coronavirus bill

By David Morgan and Richard Cowan

WASHINGTON (Reuters) – U.S. senators were set to vote on Wednesday on a $2 trillion bipartisan package of legislation to alleviate the devastating economic impact of the coronavirus pandemic, although critics from the right and left threatened to hold up the bill.

Top aides to Republican President Donald Trump and senior Senate Republicans and Democrats said they agreed on the unprecedented stimulus bill in the early hours of Wednesday after five days of talks.

The massive bill includes a $500 billion fund to help hard-hit industries and a comparable amount for direct payments of up to $3,000 apiece to millions of U.S. families.

Several Republican senators said the bill needed to be changed to ensure that laid-off workers would not be paid more than they earned on the job.

“This bill pays you more not to work than if you were working,” Republican Senator Lindsey Graham, a Trump ally, told a news conference.

In response, Senator Bernie Sanders, who is running for the Democratic presidential nomination, said he was prepared to block the bill if Republicans do not drop their objections.

That came after leaders of both parties predicted a Wednesday vote.

“Today the Senate will act to help the people of this country weather this storm,” Republican Senate Majority Leader Mitch McConnell said after the chamber convened at noon (1600 GMT).

Senate Democratic leader Chuck Schumer said his party was willing to pass the bill as quickly as possible.

“Help is on the way. Big help. Quick help,” he said on the Senate floor.

Trump is ready to sign the measure into law, the White House said, but it was unclear how quickly Congress could get the package to his desk. McConnell did not say what time the Senate would hold its vote, and the Democratic-controlled House of Representatives is not expected to act before Thursday.

The package will also include $350 billion for small-business loans, $250 billion for expanded unemployment aid and at least $100 billion for hospitals and related health systems.

It would be the largest rescue package ever approved by Congress and the third such effort to be passed this month. The money at stake amounts to nearly half of the $4.7 trillion the U.S. government spends annually.

‘DROP IN THE BUCKET’

New York Governor Andrew Cuomo said the $3.8 billion allocated to his state would not cover the tax revenue it stands to lose from reduced economic activity. His state accounts for roughly half of all U.S. coronavirus cases.

“That is a drop in the bucket,” he said at a news conference.

The package aims to flood the U.S. economy with cash in a bid to stem the impact of a pandemic that has killed 812 people in the United States and infected more than 59,200.

The governors of at least 18 states, including New York, have issued stay-at-home directives affecting about half the U.S. population. The sweeping orders are aimed at slowing the pathogen’s spread, but have upended daily life as schools and businesses shutter indefinitely.

On Wall Street, the benchmark S&P 500 <.SPX> rallied for a second straight day, closing up 1.15%. [nL1N2BI1YH]

Republican Senator Rand Paul, the only senator to vote against an earlier round of emergency virus funding, may be unable to vote after testing positive for COVID-19, the respiratory disease caused by the coronavirus.

It also must pass the House. Speaker Nancy Pelosi, who proposed a more far-reaching rescue package, did not say whether she would support the Senate version.

“We’ll see the bill and see how the Senate votes. So there’s no decision about timing until we see the bill,” she told reporters.

Any changes made by the House would also require Senate approval, which could lead to further delays.

The No. 2 House Democrat, Steny Hoyer, told lawmakers that they would be notified 24 hours before any action.

House members left Washington 10 days ago, but the lower chamber could quickly pass the bill without requiring their return, through a “voice vote” that would require only a few lawmakers to be present.

The top House Republican, Kevin McCarthy, said he would prefer that approach and called for its passage on Friday.

 

(Reporting by David Morgan and Richard Cowan; Additional reporting by Doina Chiacu, Lisa Lambert, Susan Cornwell and Andy Sullivan in Washington and Maria Caspani in New York; Writing by Patricia Zengerle and Andy Sullivann; Editing by Jonathan Oatis and Peter Cooney)

McConnell, Pelosi, Mnuchin see deal soon on $2 trillion U.S. coronavirus aid

By David Morgan and Richard Cowan

WASHINGTON (Reuters) – Senior Democrats and Republicans said on Tuesday they were close to reaching a deal on a $2 trillion coronavirus economic stimulus package, raising hopes that the U.S. Congress could soon act to try to limit the economic fallout from the pandemic.

“At last, I believe, we’re on the five-yard line,” Senate Majority Leader Mitch McConnell said, using a football analogy meaning close to scoring, as the chamber opened its session on Tuesday morning.

“We are very close,” added McConnell, the top Republican in Congress.

House of Representatives Speaker Nancy Pelosi, the top Democrat in Congress, said the two sides had agreed to more oversight provisions of a $500 billion fund to help hard-hit businesses, resolving a key sticking point.

“I think there is a real optimism that we could get something done in the next few hours,” Pelosi told CNBC.

Steven Mnuchin, President Donald Trump’s treasury secretary, told reporters that lawmakers hope to have a draft ready within the next two to three hours. He confirmed the changes to the industry fund. “There’s better oversight,” Mnuchin said.

Democrats have twice blocked attempts to advance the bill, saying it did not provide enough money for states and hospitals, lacked sufficient aid for unemployed Americans and did not include adequate supervision of a massive fund to aid big businesses.

Those concerns appear to have been addressed.

“I’m very optimistic that there will be a deal announced this morning,” Democratic Senator Chris Coons said on MSNBC.

Wall Street jumped at the open on Tuesday as signs that Washington was nearing a deal on the rescue package gave a shot of optimism to markets reeling under the biggest selloff since the global financial crisis more than a decade ago.

Trump’s administration has launched a major push for action to try to blunt the economic impact of the pandemic and steep stock market decline, after he spent weeks dismissing the risks.

As talks concluded late on Monday, Senate Democratic Leader Chuck Schumer said the two sides were nearing an agreement and he expected that the legislation would be voted upon on Tuesday.

‘ALL OF THE NONSENSE’

Republicans, Democrats and top Trump aides had negotiated for days over the package, which would be the third and largest passed to address the crisis if it is backed by both the Republican-majority Senate and Democratic-majority House and signed by the Republican president.

“Congress must approve the deal, without all of the nonsense, today. The longer it takes, the harder it will be to start up our economy,” Trump wrote on Twitter on Tuesday.

The coronavirus pandemic has killed more than 550 people in the United States and sickened more than 43,800, shuttered thousands of businesses, thrown millions out of work and led state governors to order about 100 million people – nearly a third of the nation’s population – to stay at home.

Pelosi has introduced her own $2.5 trillion counterproposal that also includes $4 billion that would allow states to conduct the November presidential and congressional elections by mail.

That legislation would likely be irrelevant if a bipartisan deal is forged in the Senate.

While details of the emerging bipartisan bill were not available, it is expected to provide financial aid for Americans out of work because of the virus and help for struggling industries such as airlines.

Republicans normally hold a slim 53-47 majority in the Senate, meaning they need Democratic support to garner the 60 votes required to advance most legislation.

But the coronavirus has affected their ranks, giving Democrats even more leverage. Republican Senator Rand Paul has tested positive for coronavirus and four other Republicans are also unable to vote because they were exposed to Paul or others with the virus.

(Additional reporting by Doina Chiacu, Lisa Lambert and Susan Heavey; Writing by Andy Sullivan and Patricia Zengerle; editing by Scott Malone, David Gregorio and Will Dunham)

‘Dilly-dallying around’: Testy U.S. Senate nears coronavirus relief vote

By David Morgan and Andy Sullivan

WASHINGTON (Reuters) – Tempers boiled over in the U.S. Senate on Monday as lawmakers moved toward another vote on a far-reaching coronavirus economic stimulus package even though Republicans and Democrats said they were still at odds over details that had stalled the package over the weekend.

Both sides said they were close to an agreement on the massive bill, which Treasury Secretary Steven Mnuchin said carried a $2 trillion price tag. But they remained at odds over provisions to help businesses, as well as the amount of money to provide to hospitals and state and local governments.

Senate Majority Leader Mitch McConnell and several other Republicans angrily accused Democrats of trying to take advantage of the crisis to advance their political agenda with unrelated provisions. McConnell said the Senate, controlled by President Donald Trump’s fellow Republicans, would hold another procedural vote on the package after it fell short on Sunday.

U.S. Senate Majority Leader Mitch McConnell (R-KY) speaks to the media after a meeting to wrap up work on coronavirus economic aid legislation, during the coronavirus disease (COVID-19) outbreak, in Washington, U.S., March 22, 2020. REUTERS/Mary F. Calvert

“This is not a juicy political opportunity. This is a national emergency,” McConnell said as the Senate opened its session.

Senate Democratic Leader Chuck Schumer suggested the vote would again fall short unless the measure included more guardrails to avoid misuse of the $500 billion earmarked to help struggling industries.

“Our goal is to reach a deal today and we’re hopeful, even confident that we will meet that goal,” Schumer said. He said the upcoming vote would be “irrelevant” if negotiations were not complete.

Republican Senator John Thune angrily accused the Democrats of “dilly-dallying around.”

“The country is burning and your side wants to play political games,” Thune said.

Mnuchin said the two sides made progress on Monday morning.

“We knocked off a bunch of things on the list already and we’re closing in on issues,” Mnuchin told reporters after exiting Schumer’s office. He did not give specifics.

U.S. stocks fell on Monday as the coronavirus forced more U.S. states into lockdown, eclipsing optimism from an unprecedented round of policy easing by the Federal Reserve.

The bill represents a third effort by Congress to blunt the economic toll of the pandemic that has killed at least 428 people in the United States and sickened more than 34,000, leading state governors to order nearly a third of the nation’s population to stay at home and putting much business activity on hold.

The measure includes financial aid for ordinary Americans, small businesses and critically affected industries, including airlines.

Republicans said Democrats were seeking to add unrelated provisions, such as expanded tax credits for wind and solar power and increased leverage for labor unions.

Democrats said Republicans were also trying to add provisions that would exclude nonprofit groups from receiving small-business aid, and extend a sexual abstinence-education program that is due to expire in May.

The speaker of the House of Representatives, Nancy Pelosi, released her own version, which would add billions of dollars to help states conduct elections by mail.

Republicans normally hold a slim 53-47 majority in the chamber, short of the 60 votes they need to advance most legislation.

But the coronavirus threat has affected their ranks. Republican Senator Rand Paul said he tested positive for the virus on Sunday, and several others have self-quarantined as a precautionary measure. Republicans only mustered 47 votes in a procedural vote on Sunday.

(Reporting by David Morgan and Andy Sullivan; Additional reporting by Susan Cornwell; Writing by Andy Sullivan; Editing by Scott Malone, Will Dunham and Jonathan Oatis)