The U.S. Senate has put the finishing touches on a $2 trillion coronavirus rescue bill that is meant to shore up businesses, states and individuals who have been affected by the pandemic.
"With this economic package, New Yorkers have more help on the way," said Sen. Kirsten Gillibrand, the state's junior senator. "This economic package will deliver a surge of protective equipment and resources to New York hospitals and first responders, and put real dollars in New Yorkers’ pockets."
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Gillibrand touted the bill's bolstering of the health care system, including support for hospitals, as well as an expansion of unemployment insurance.
The pandemic has shuttered businesses around the country and jobless claims have flooded the state Department of Labor as a result of the crisis and orders to keep non-essential workers at home to prevent the spread of the virus.
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"Furthermore, it will give confidence to workers and families facing financial strain and will enable them to follow public health guidelines," Gillibrand said. "Importantly, the bill provides oversight of corporate loans, ensuring that funds are distributed responsibly and fairly, and makes sure workers are protected. While this economic package is a good down payment in the fight against this outbreak, there is much more to be done. In the months ahead, I will continue working to deliver resources to help our country overcome this immense challenge.”
But not everyone is happy. Gov. Andrew Cuomo has blasted the bill, calling it a "drop in the bucket" for New York. State government as a whole is receiving about $3 billion from the measure; New York is expected to lose between $3 billion and $7 billion in revenue as a result of the pandemic.
The state's budget is due next week.