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U.S. Congress Poised to Vote on COVID Aid Package after Fed Compromise

WASHINGTON, Dec 20 (Reuters) – The U.S. Congress appeared poised to vote on Sunday on a $900 billion coronavirus aid package after senators struck a late-night compromise to clear one of the final hurdles, a dispute over Federal Reserve pandemic lending authorities.

Senate Democratic Leader Chuck Schumer told reporters at the U.S. Capitol late on Saturday: “If things continue on this path and nothing gets in the way, we’ll be able to vote tomorrow.”

Congressional leaders plan to attach the coronavirus aid package, which includes $600 direct payments to individuals and a $300 per week unemployment compensation supplement, to a $1.4 trillion spending bill funding government programs through September 2021. A 48-hour funding extension expires at midnight on Sunday (0500 GMT Monday), after which the government would shut down. Read more…..

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A bipartisan group of U.S. lawmakers plans to unveil a $908 billion coronavirus pandemic relief plan on Monday, although one of the negotiators said there’s “no guarantee” Congress will pass it.

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