Chuck Schumer suggests Congress could vote on $900 billion stimulus package on Sunday after lawmakers reportedly break stalemate on Fed lending

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Senate Minority Leader Chuck Schumer (D-New York) at a press conference in Washington.
  • Senate Minority Leader Chuck Schumer told reporters late Saturday night that Congress could vote on a $900 billion stimulus package as early as Sunday.
  • Congress approved a two-day funding extension on Friday to avoid a government shutdown and buy more time for the negotiations.
  • The package is expected to include $600 stimulus checks, $300 federal unemployment benefits, funds for vaccine distribution, and aid to small businesses.
  • Visit Business Insider's homepage for more stories.

Senate Minority Leader Chuck Schumer suggested that negotiators were making progress and Congress could vote on a $900 billion stimulus package as early as Sunday. 

Speaking to reporters on Capitol Hill late Saturday night, Schumer said Republicans and Democrats were "getting very close" to a deal. 

"If things continue on this path and nothing gets in the way, we'll be able to vote tomorrow," he said.

Congress approved a two-day funding extension on Friday to avoid a government shutdown and buy more time for the negotiations.

The package is expected to include $600 stimulus checks, $300 federal unemployment benefits, funds for vaccine distribution, and small business aid.

Points of disagreement over the package included the stimulus checks, federal aid to states, and Federal Reserve lending programs.

This story is developing.

Read the original article on Business Insider


Contributer : Business Insider https://ift.tt/34tTLfM
Chuck Schumer suggests Congress could vote on $900 billion stimulus package on Sunday after lawmakers reportedly break stalemate on Fed lending Chuck Schumer suggests Congress could vote on $900 billion stimulus package on Sunday after lawmakers reportedly break stalemate on Fed lending Reviewed by mimisabreena on Sunday, December 20, 2020 Rating: 5

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