Senators Propose $500 Billion State and Local Government Rescue
- Bipartisan attempt to shore up economies reeling from Covid-19
- Funds dispersed based on population, infection, revenue loss
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A Republican and a Democrat in the Senate are proposing a $500 billion fund for state and local governments as part of the next comprehensive rescue package from Congress, to aid parts of the country reeling from the coronavirus pandemic.
As Democratic leaders and the Trump administration negotiate an interim infusion of aid to small businesses, Democratic Senator Bob Menendez of New Jersey and his Republican colleague Senator Bill Cassidy of Louisiana are looking further ahead.