Dec 30, 2020 03:17 GMTFXStreet News
S&P 500 Futures retrace the previous day’s pullback from the record top.
US Senate Majority Leader McConnell obstructs $2,000 paycheck, Colorado marks first case of covid variant.
China to return two Hong Kong activists to their homeland aurhorities, $600 US stimulus payments will start going out tonight.
S&P 500 Futures rise to 3,725, up 0.15% intraday, during early Wednesday. The risk barometer recently surprised markets while parting ways from the Wall Street benchmarks that flashed minor losses. In doing so, the US stock derivative defies the previous day’s pullback from the record top of 3,747.
News that US Treasury Secretary Steve Mnuchin conveyed that the $600 payments, part of the already agreed US coronavirus (COVID-19) stimulus, will be out tonight, per CNBC, seemed to have helped the S&P 500 Futures to remain positive.
12/30/2020 3:04:22 AM GMT | By Anil Panchal
AUD/USD takes the bids near intraday high of 0.7641.
Sydney rings emergency alerts as second cluster of covid emerges, US marked the first case of covid variant.
US policymakers jostle over $2,000 paycheck, China revised down 2019 GDP.
China up for releasing two of 12 detained Hong Kong activists.
AUD/USD crosses the multi-month high, flashed earlier in the month, while taking bids near 0.7641, up 0.42% intraday, during early Wednesday. While refreshing the day’s high, the Aussie pair challenges the 0.7640 key resistance even as US policymakers jostle with the coronavirus (COVID-19) aid package while the virus recently troubled the US, Japan and Australia.
McConnell Condemned for Pushing Poison Pills in Bid to Tank $2,000 Checks
“Senate Republicans are going to try every conceivable way to try to kill the $2,000 checks.”
Shortly after blocking efforts by Sen. Bernie Sanders and Senate Democrats to force a vote on a House-passed bill that would provide $2,000 direct payments to most Americans, Republican Majority Leader Mitch McConnell late Tuesday introduced new legislation tying the checks to Trump-backed provisions to repeal legal protections for internet companies and establish a commission to study virtually non-existent voter fraud.
Senate Democrats immediately rejected the Kentucky Republican’s bill (pdf) as a non-starter and warned the measure is an obvious effort to ensure that the $2,000 direct payments don’t clear the Senate.
McConnell Is Pushing Poison Pill Legislation to Tank $2,000 Checks
U.S. Senate Majority Leader Mitch McConnell walks to open up the Senate on Capitol Hill on December 20, 2020, in Washington, D.C.
Tasos Katopodis / Getty Images
Shortly after blocking efforts by Sen. Bernie Sanders and Senate Democrats to force a vote on a House-passed bill that would provide $2,000 direct payments to most Americans, Republican Majority Leader Mitch McConnell late Tuesday introduced new legislation tying the checks to Trump-backed provisions to repeal legal protections for internet companies and establish a commission to study virtually non-existent voter fraud.
Senate Democrats immediately rejected the Kentucky Republican’s bill as a non-starter and warned the measure is an obvious effort to ensure that the $2,000 direct payments don’t clear the Senate.
This is viewer supported news. Please do your part today.Donate
The House of Representatives has voted to approve a measure that would increase stimulus checks from $600 to $2,000, sending the bill to the Senate, where its fate is uncertain. Independent Senator Bernie Sanders has said he will filibuster to delay an override on President Trump’s veto of this year’s $740 billion defense spending bill unless the Senate also holds a vote on the $2,000 checks. At least 12 Republicans would need to join with the Senate’s 48 Democrats to reach the necessary 60 votes to approve the increased payments. Nobel Prize-winning economist Joseph Stiglitz says Senate Majority Leader Mitch McConnell is standing in the way of not just expanded stimulus payments, but a whole range of policies he has refused to bring to the floor of the Senate. “We think of ourselves as a democracy, but this one person has blocked the ability of the Senate to go on record of saying whether they’re for or again