Path Cleared For $900 Billion COVID-19 Relief Package As Fed Compromise Is Reached - News Summed Up

Path Cleared For $900 Billion COVID-19 Relief Package As Fed Compromise Is Reached


Lawmakers grew significantly closer to a final agreement on a COVID-19stimulus package late Saturday as a conflict over the Federal Reserve was resolved, a Democratic aide told HuffPost. The disagreement appeared to be the only remaining barrier to finalizing the $900 billion deal before a Sunday night deadline to avoid a government shutdown. Compromise language was being finalized late Saturday after a day of back-and-forth arguing between Toomey and Senate Minority Leader Chuck Schumer (D-N.Y.). “If things continue on this path, and nothing gets in the way, we’ll be able to vote tomorrow,” Schumer told reporters as he left the Capitol just before midnight. It would also provide hundreds of billions of dollars for small businesses, schools and other institutions facing hardship amid the pandemic.


Source: Huffington Post December 20, 2020 07:43 UTC



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