Key Senate leaders strike an agreement on bipartisan legislation that would provide $10 billion in Covid response funding. $5 billion would be designated for therapeutics, with the rest going toward vaccines, including booster shots and testing capacity.
, announced by Senate Majority Leader Chuck Schumer, D-N.Y., and Sen. Mitt Romney, R-Utah, $5 billion would be designated for therapeutics, with the rest going toward vaccines, including booster shots, and testing capacity.
The deal covers most of the White House's request with one major exception: funds for global efforts to combat the coronavirus pandemic. Previous efforts by Congress failed amid disagreements over how to structure and finance the legislation. "Importantly, this bill is comprised of dollar-for-dollar offsets and will not cost the American people a single additional dollar," Romney said in a statement."While this agreement does not include funding for the U.S. global vaccination program, I am willing to explore a fiscally-responsible solution to support global efforts in the weeks ahead.
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