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Democrats Blocked Trump From Handing Himself a Chunk of the $500 Billion Coronavirus Bailout

WASHINGTON — President Trump hinted last weekend he might just hand himself a big, juicy loan from the $500 billion emergency economic stimulus deal finally reached by Congress and the White House last night. So Democrats added language to the bill that explicitly stops him. The massive new $2 trillion rescue package contains a prohibition…

Democrats Blocked Trump From Handing Himself a Chunk of the $500 Billion Coronavirus Bailout

WASHINGTON — President Trump hinted last weekend he might just hand himself a big, juicy loan from the $500 billion emergency economic stimulus deal finally reached by Congress and the White House last night.

So Democrats added language to the bill that explicitly stops him.

The massive new $2 trillion rescue package contains a prohibition on businesses controlled by Trump, Vice President Mike Pence, members of Congress, and Trump’s cabinet officials from receiving loans or investments from programs run by the Treasury Department, Democratic Senate Minority Leader Chuck Schumer announced after midnight Wednesday.

The loans are a desperate measure to keep the American economy from imploding due to the widespread disruption caused by the novel coronavirus, which has shuttered businesses and schools and kept millions of American workers in their homes.

READ: Here’s the $2 Trillion Plan to Save the U.S. Economy From Collapse

At a press conference Sunday, Trump refused to promise not to bail out his own troubled hotel businesses once his administration takes control of the crisis fund.

Asked about that possibility, Trump complained that he doesn’t get enough credit for refusing to accept his $450,000 presidential paycheck, and then said, “Let’s just see what happens.”

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