Senate Democrats late Sunday blocked a GOP-backed $1.3 trillion coronavirus rescue package as five Republicans watched helplessly from self-quarantine, prompting U.S. stock futures to dive and sowing fresh doubt the parties can forge an agreement as the nation descends into economic disaster.
Democrats insist that President Trump and Sen. Mitch McConnell, R-Ky., are using the funds to put corporations ahead of families. The attempt to advance the legislation stalled in a 47-47 vote. Sixty votes were needed to pass.
Many Americans are facing unforeseen hardships after the coronavirus outbreak hit the country and temporarily closed businesses. The stimulus was championed by Trump, who said Saturday that the package was very close to being a done deal.
McConnell blasted his Democrat colleagues and accused them of being influenced by Sen. Chuck Schumer and House Speaker Nancy Pelosi.