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Coronavirus relief deal hinges on talks over Fed lending powers

Leaders hope to attach the COVID-19 relief package to a $1.4 trillion year-end spending bill and bring to an end the 2020 legislative session in time for lawmakers to return home for Christmas.  The major issues that bogged down talks over a new COVID-19 relief package for much of this year, such as whether to provide large amounts of money to state and local governments and how much to spend on federal supplemental unemployment insurance, are resolved. ADVERTISEMENT The potential deal is now stuck on a disagreement between Republicans and Democrats over the special lending powers granted to the Federal Reserve in the CARES Act, which Congress passed in March.

Congress races to clinch coronavirus deal as shutdown looms

Congress races to clinch coronavirus deal as shutdown looms Jordain Carney © Bonnie Cash Congress races to clinch coronavirus deal as shutdown looms Congressional leaders are racing to finalize and pass a $900 billion coronavirus relief deal ahead of a midnight deadline to prevent a government shutdown. Leadership says it is on the precipice of a sweeping deal that would tie the long-sought relief to a $1.4 trillion bill to fund the government until Oct. 1. If lawmakers can t pass the forthcoming agreement by the end of Sunday, something rank-and-file senators are casting doubt on, they ll need to use a stopgap bill to keep the government open.

Vote On $900BN Stimulus Package Imminent After Senators Reach Deal On Fed Powers

Vote On $900BN Stimulus Package Imminent After Senators Reach Deal On Fed Powers
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GOP senator blocks bill for $1,200 stimulus checks for second time

GOP senator blocks bill for $1,200 stimulus checks for second time Jordain Carney © Greg Nash GOP senator blocks bill for $1,200 stimulus checks for second time GOP Sen. Ron Johnson (Wis.) blocked a proposal to provide another round of stimulus checks for the second time on Friday - this time when it was offered by Sen. Bernie Sanders (I-Vt.). Sanders, speaking from the Senate floor late Friday afternoon, tried to pass his bill that would provide a second $1,200 stimulus check for Americans making up to $75,000, the same language passed during a March CARES Act. This is not a radical idea. This is an idea that is supported by President Donald Trump. It is an idea that is supported by President-elect Joe Biden, Sanders said. The American people cannot wait any longer; they need economic relief right now. .vThey need help and they need it now.

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