Congress close to COVID-19 relief deal that includes stimulus checks for Americans © SHAWN THEW/EPA-EFE/Shutterstock Senate Majority Leader Mitch McConnell walks to the Senate Floor in the US Capitol on Dec. 16, 2020 in Washington. Leader McConnell has said that the Senate won t recess for the holidays until there is a COVID 19 relief package. Congressional leaders on Wednesday morning were close to a nearly $900 billion COVID-19 relief deal expected to include a second round of stimulus checks for lower-income Americans, according to several Capitol Hill officials. Negotiators were finalizing an agreement that would include a new round of stimulus checks, enhanced federal unemployment benefits, and other avenues to deliver aid to states, localities, territories and Native American tribes. The agreement is not expected to include liability protection for businesses, according to a person familiar with negotiations. The source added that conversations continue on these issue
Lawmakers in 11th-hour negotiations on COVID-19 relief
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Congressional leaders close to COVID-19 relief deal that includes stimulus checks for Americans
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Guest opinion: Let s remember this Christmas
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December 11, 2020
Daily FX Market Roundup December 11, 2020
Currencies were driven lower on Friday on fading hopes for Brexit and US stimulus deals. For most of this year, investors believed that the UK would eventually cave and agree to an orderly exit out of the European Union. However with only a few weeks before their deadline, the final round of Brexit talks are failing quickly with both sides preparing contingencies. In the US, lawmakers are expected to pass a one week spending bill to fund the government but the House has indicated that anything beyond that would require agreement to a broader fiscal stimulus plan. Unfortunately very little progress has been made and Senate Republicans say they do not have majority support for the current bill. If agreements cannot be reached in the next week or two, we could see sharp year end losses in currencies and equities.