Senators threaten to delay coronavirus relief bill with last-minute objections

• The Republican senators argue that because the unemployment benefits would be larger than what low-wage workers usually make, it would incentivize them to get laid off and not return to the workforce.
• The amendment they want to introduce would limit unemployment benefits to 100% of a worker's salary.

The other side: Sen. Bernie Sanders later released a statement saying that unless the senators drop their "anti-worker objections," he is prepared to block the legislation in order to impose "strong conditions on the $500 billion corporate welfare fund."

• “I am prepared to put a hold on this bill … to make sure that any corporation receiving financial assistance under this legislation does not lay off workers, cut wages or benefits, ship jobs overseas, or pay workers poverty wages," Sanders said.
• Sanders told the New York Times that he will vote for the bill as written, but only if the Republicans drop their demands: "I cannot at the last minute allow some right-wing senators try to undermine the needs of workers and think they are going to get away with that.”

The big picture: The stock market lost a ton of steam after news broke of a potential holdup of the aid package.

• Treasury Secretary Steven Mnuchin said at a press briefing Wednesday that he does not believe the provision will create incentives and that most Americans "want to keep their jobs.
• He declined to comment on the Republican senators' specific complaints, but said it's his expectation that the bill will be passed by the Senate tonight and by the House tomorrow.