The latest: Lawmakers hit major roadblock over GOP plan to limit Federal Reserve, imperiling prospects for a weekend deal on the stimulus package.
A proposal by Sen. Patrick J. Toomey (R-Pa.) to reign in the lending authority of the Federal Reserve is the biggest hurdle to a deal.
City and state aid is likely to be left out of the final deal, leaving governors and mayors on the ropes.
Lawmakers are gambling that pressure from a looming government shutdown will push Congress to pass a stimulus package.
Trump wanted to issue $2,000 stimulus checks, but was talked out of it by White House aides. Instead lawmakers included $600 stimulus checks in the package.
On Monday, a bipartisan group of lawmakers introduced two relief bills. The first is a $748 billion package. The second — and more divisive — measure includes $160 billion in aid for state and local government and the liability shield, which could offer companies protection from coronavirus-related lawsuits.
Earlier this month, congressional leaders introduced a $900 billion relief package that would include a second round of stimulus checks. This comes after
What’s in the $908 billion economic relief proposal?
The 50 biggest U.S. companies have turned a profit since the pandemic.
Nearly 80 percent of Americans received a stimulus check earlier this year.
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Source Article from https://www.washingtonpost.com/us-policy/2020/12/19/stimulus-talks-race-against-government-shutddown-deadline/
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