Joining us on the phone is stephen dennis. He works for bloomberg news. Thank you for being with us. Tell us what we can expect. High, steve. Its a very unusual sunday session in the senate today and very serious business, as you know, all of your callers are talking about. All of the senators are talking about what would be an historic nearly 2 trillion package being cobbled together, written behind closed doors and negotiated. This morning we expect the top leaders in congress, nancy pelosi, House Minority leader , majority leader mitch mcconnell, majority leader all meetumer will today, this morning, to sort of go over whats in the package. Thereis no deal yes, but is a lot of bipartisan talk of major progress yesterday on the package. Of know, its really in sort four or five big buckets right now that are really the biggest rescue package for the economy ever. More than 2008 and 2009 combined. What are the sticking points . Is there a sense that this will be resolved before the market opens tomorrow morning . Know, i think that, you both parties really want to have an announcement in to assure the markets and people who are worried about their paychecks or ther businesses that government is going to be sending out checks asap. The original plan that the Senate Republicans put out did not have a lot there for Unemployment Insurance, state and local governments. There wasnt a lot of a health care surge. Democrats want more on almost fronts and it looks like they are going to get more on some of those fronts. One of the things that we heard yesterday was that it looked like the Unemployment Insurance plus was going to be on the order of 600 a week. Someone who files unemployment would get an extra 600 a week in their unemployment check. One of the big things that is sort of innovative in this plan is the 350 billion fund for Small Businesses. This is going to be in loans that would, the idea is it would go out quickly between banks and credit unions, etc. The Small Businesses would go in say hey, i have a coronavirus crisis, with payroll to meet my expenses and pay my rent. You get millions of dollars through this fund for your small and if youry quickly dont end up firing a lot of your workers, you pay them instead of putting them on the unemployment line, the loan would be turned into a grant. So, this is not just going to keep you in debt forever. This is intended to be turned into grants, provided you dont fire your employees. That was put together by a. Ipartisan group they seem to have agreed on that last night. And theyof the pieces have asked for 100 billion to deal with the crisis. They have balancedbudget requirements, unlike the federal government. That was something that was in flux yesterday. Theres also talk about how to deal with the aid it to individuals. These are the checks the goat everybody. 1200 was the original package. One of the things we heard yesterday is they are no longer going to reduce the amount on the lower end with the original bill. It was going to instead be 1200. At least thats what we were told yesterday. We are still waiting to see the text. We should expect to see the test before the senate votes this afternoon. Theyre coming in at 2 00. They are supposed to vote it 3 00 on a procedural vote. I think the expectation is that senators will have at least a little bit of time to process the initial texts that come out today. Host as we have seen a must couple of days, a can take just one senator to block things, like rand paul in kentucky. Is that a possibility or is or a sense that this is urgent and even those who are worried about the price tag will not block it . In the past rand paul guest in the past rand paul has time for to trade votes. Instead of enforcing multiple days of inaction is the death toll mounts, for example, he may trade thatto possibility for getting votes on things like offsetting this with spending cuts in the future. Its what he wanted and he got a vote on that last week in the package. He only had three senators who backed him on that amendment. It would be a futile gesture to have another vote to have 2 trillion in spending cuts to pay for this. Is it possible he could get the vote . I think its probably likely that he gets that vote. And loses again. The other thing here is the house of representatives has not and in town. They have been sort of negotiating through the senate democrats. Once this text comes out there will be a lot of people who are unhappy that their particular ask is not in it and that is sort of another key moment. Parties,to have both not just the leadership, but the rank and file on board. The worst situation would be to have a repeat of the tarp fiasco. Rom 2008 people who have watched congress a lot, watched cspan a lot, they may remember the moment where the leadership, john boehner and nancy pelosi were on board, but a lot of House Republican rankandfile members were not. The housewent down on floor and the dow dropped 777 points in 20 minutes. They dont want a repeat of that. This is very sort of serious business. All of thesehat folks all lived through that and dont want to see it happen again. Covers theen denis senate for bloomberg news. Yuval levin is joining us from his home in maryland. He is with the American Enterprise institute. Thanks for being with us. Guest thank you very much for having me. I hope you and your family are doing well. Host we are, and to you too. Time fromate your your home. Let me begin with asking about the president , his performance so far in this pandemic. How is he doing . Guest dan to that question you have to acknowledge this is a very difficult situation that no president would findas