Washington, Dec 20 (AP) Top congressional lawmakers struck an agreement on the last major obstacle to a COVID-19 economic relief package costing nearly USD 1 trillion, clearing the way for votes as early as Sunday.
A Democratic aide said in an email that an agreement had been reached late Saturday and that compromise language was being finalised to seal a deal to be unveiled on Sunday.
The breakthrough involved a fight over Federal Reserve emergency powers that was defused by an odd couple -- the Senate's top Democrat and a senior conservative Republican.
"We're getting very close, very close," Minority Leader Chuck Schumer, D-NY, said earlier Saturday as he spent much of the day going back and forth with GOP Sen.
Pat Toomey of Pennsylvania had been pressing a provision to close down Fed lending facilities that Democrats and the White House said was too broadly worded and would have tied the hands of the incoming Biden administration.
The COVID-19 legislation has been held up after months of disfunction, posturing and bad faith, but talks turned serious in December as lawmakers on both sides finally faced the deadline of acting before exiting Washington for Christmas. AP
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)













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