The Fed declined to a comment on whether Mr. Powell, a Republican who was first nominated as a central bank governor by former President Barack Obama, had discussed the issue with Mr. Schumer in recent days. No matter what comes down the pike, you can’t do this,’” Ms. Pelosi told Democrats. Republicans have long objected to providing a direct stream of aid to state and local governments, and Democrats are seeking to provide relief through other avenues. “Some of my colleagues want to morph these facilities into a use that was never intended for them,” Mr. Toomey said. But the language he has proposed to attach to the stimulus plan has been more expansive than that.

Source: New York Times December 20, 2020 00:33 UTC