As crisis deepens, Congressional rescue deal teeters

Posted at 10:17 AM, Mar 22, 2020
and last updated 2020-03-22 12:17:39-04

WASHINGTON (AP) — Top-level negotiations between Congress and the White House are teetering on a ballooning nearly $1.4 trillion economic rescue package to steady a nation shuttered by the coronavirus pandemic.

Treasury Secretary Mnuchin is indicating a deal is within reach, but congressional Democratic leaders are raising concerns ahead of a meeting Sunday at the Capitol.

With a population on edge, societal norms rewritten and financial markets teetering, all sides were hoping for an agreement that would provide some relief against the pandemic's twin health and economic crises, now believed likely to stretch for several months.