US Congress approves $900 billion stimulus package
The latest stimulus measure as proposed would supplement state unemployment insurance with $300 a week and send another $600 to individual taxpayers.
US Congress reaches deal on Covid-19 relief package
US lawmakers nearing stimulus deal amid signs of economic distress
Congress nears US spending deal, Fed more upbeat on outlook
Congress nears US spending deal with Fed to weigh in on economy
The meeting also involved top congressional leaders, such as Treasury Secretary Steven Mnuchin, Senate Minority Leader Chuck Schumer and House Minority Leader Kevin McCarthy.
Lawmakers push bipartisan US stimulus plan to break stubborn deadlock
On the prospects of passing complex legislation, Manchin warns against letting ‘perfect be the enemy of the good.’
Democrats see little to like in Trump stimulus plan
White House proposes new $916 bn stimulus plan to break deadlock
Treasury Secretary Steven Mnuchin offered a $916 billon package that included $600 stimulus checks for individuals and $1,200 for couples.
The latest proposal seems to be drawing bipartisan support, though it’s unclear if the framework proposal as drafted would include another round of stimulus checks.
Fed sees more signs activity slowing as optimism wanes
Democrats and Republicans have been at a stalemate for months after failing to agree on spending issues concerning the next coronavirus stimulus package.
If Congress passes a coronavirus economic relief package before the Thanksgiving break, millions of Americans could receive another stimulus check by late December.
An estimated 16 million Americans could head into 2021 without any financial aid as federal benefits from the CARES Act are set to expire on Dec. 26.
Senate Republicans have continuously refused to pass a bill with a large price tag, while House Democrats have blocked a narrow and targeted bill from the GOP.
Republican Sen. Chuck Grassley of Iowa is third in the presidential line of succession, after Vice President Mike Pence and House Speaker Nancy Pelosi.
Negotiations between Democrats and Republicans have been stalled since the 2020 presidential election.
Top US Democrat says Facebook 'part of the problem'
A Franklin Templeton-Gallup survey finds 22% would spend more on gifts than last year if they got another stimulus check.