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Congress Passes Two-Day Spending Bill

Congress Passes Two-Day Spending Bill
© erin scott/Reuters
WASHINGTON President Trump signed a two-day spending bill passed by Congress Friday evening averting a partial government shutdown after midnight, as congressional leaders struggled to wrap up negotiations on a coronavirus relief package.
In the Covid-19 talks, negotiators were still wrestling Friday to close differences on the Federal Reserve’s emergency lending powers, among other snags. Leaders have aimed to pair the passage of the Covid-19 aid bill with a broader spending bill.
While lawmakers maintain that they are closing in on an agreement, it became clear Friday that a coronavirus-aid package wouldn’t be finished in time to pass with a spending bill needed to avoid a government shutdown at 12:01 a.m. Saturday. ....

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Why the Stimulus Deal Isn't Done Yet

Why the Stimulus Deal Isn t Done Yet
Fiscal Times
12/18/2020
Yuval Rosenberg
The U.S. Capitol dome is seen in Washington, U.S., December 17, 2020. REUTERS/Erin Scott
Congress is still scrambling to finalize another Covid relief deal, with negotiators haggling over elements of the legislation and billions in spending ahead of a Friday night deadline, when lawmakers had hoped to pass a $900 billion aid package paired with a $1.4 trillion omnibus government spending bill.
Senate Minority Leader Chuck Schumer (D-NY) said Thursday that, while a deal is close, “a few final issues must be hammered out.” Senate Majority Leader Mitch McConnell (R-KY) said members of Congress were now “highly likely” to be working through the weekend to pass the rescue package and that lawmakers may have to buy some more time by passing a stopgap government-funding bill to prevent a partial government shutdown when current funding lapses at 12:01 a.m. ET on ....

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Covid Aid Talks Pivot to Fed Powers

Congress Passes Two-Day Spending Bill
© erin scott/Reuters
WASHINGTON President Trump signed a two-day spending bill passed by Congress Friday evening averting a partial government shutdown after midnight, as congressional leaders struggled to wrap up negotiations on a coronavirus relief package.
In the Covid-19 talks, negotiators were still wrestling Friday to close differences on the Federal Reserve’s emergency lending powers, among other snags. Leaders have aimed to pair the passage of the Covid-19 aid bill with a broader spending bill.
While lawmakers maintain that they are closing in on an agreement, it became clear Friday that a coronavirus-aid package wouldn’t be finished in time to pass with a spending bill needed to avoid a government shutdown at 12:01 a.m. Saturday. ....

United States , White House , District Of Columbia , Brian Deese , Ben Williamson , Kristina Peterson , Jim Mattis , Joe Biden , Brian Schatz , Nick Timiraos , Jerome Powell , Lloyd Austin , Josh Hawley , Andrew Duehren , Pat Toomey , Del Capitolio , Mark Warner , Steven Mnuchin , John Cornyn , Bernie Sanders , Emergency Management Agency , Senate Banking Committee , Senate Majority Leader Mitch Mcconnell , Federal Reserve , White House National Economic Council , Majority Leader Mitch Mcconnell ,