Senate Working at ‘Warp Speed’ to Finish Drafting Stimulus Today

Congressional leaders raced to draft legislation by Thursday for the next virus-related economic rescue plan that could exceed the size and scope of the emergency measures taken during the 2008 financial crisis.

Soaring layoffs, plunging markets and shuttered schools, shops and factories caused by the coronavirus outbreak have sparked a sense of urgency in Congress and at the White House.

Senate Majority Leader Mitch McConnell, who was largely a bystander as House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin worked out an initial economic relief package, asked the Senate to work at “warp speed” on a $1.3 trillion ...