Senate Republicans to propose $300 billion coronavirus aid bill: aides
U.S. Senate Republican leaders on Tuesday will introduce an approximately $300 billion coronavirus aid bill, according to senior aides, which Democrats promptly dismissed as insufficient for meeting the needs created by the pandemic. Included in the bill is $10 billion for the U.S. Postal Service, which is girding for a large number of mail-in ballots for the Nov. 3 presidential and congressional elections as a result of people fearful of voting in person because of the coronavirus pandemic. The $10 billion would turn a Postal Service loan in CARES to a grant if its cash reserve drops to $8 billion, according to a summary.