McConnell: COVID-19 relief talks continue to make headway-National Post easternontarionetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from easternontarionetwork.com Daily Mail and Mail on Sunday newspapers.
European Shares Seen Tad Lower
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks are likely to open lower on Friday after Britain and the European Union struck a pessimistic tone in trade talks and U.S. Congressional leaders said talks on a stimulus package could stretch into the weekend.
U.S. Senate Majority Leader Mitch McConnell said that a bipartisan U.S. stimulus deal appears to be close at hand, but lawmakers from both parties will probably require work over the weekend to get it through Congress.
Hopes of a post-Brexit trade deal dimmed after British Prime Minister Boris Johnson said discussions are in a serious situation and that a no-deal outcome is very likely.
Second Stimulus Check Update: We’re Very Close, McConnell Says
KEY POINTS
The latest package was split in two to draw broader support
Lawmakers have until Christmas to avoid another government shutdown
Capitol Hill might need to work through the weekend to get it done, but Senate Majority Leader Mitch McConnell said Thursday that lawmakers were close to agreeing on a new stimulus package.
From the Senate floor, McConnell said a deal was “close at hand,” but stressed it was “highly likely” that Democrats and Republicans would need to work through the weekend to hammer out their remaining differences.
The American people have struggled heroically through this pandemic. They’ve already waited too long for more relief.
Puerto Rico Oversight Board sets out five 2021 goals bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.
12/18/2020 4:45:58 PM GMT | By Eren Sengezer
White House economic adviser Larry Kudlow said on Friday that the Trump administration strongly supports restrictions on the Federal Reserve s use of Treasury funds for emergency lending programs, as reported by Reuters.
Trump is going to go with US Senate Majority Leader Mitch McConnell on the coronavirus relief bill, Kudlow added.
Market reaction
Wall Street s main indexes continue to push lower after these comments. As of writing, the S&P 500 was losing 0.63% on the day at 3,699, the Dow Jones Industrial Average was down 0.65% at 30,108 and the Nasdaq Composite was falling 0.42% at 12,698. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You shou