Trump throws pandemic relief into doubt
The veto of the $740 billion measure to fund the military for fiscal 2021 came a day after Trump threw a separate $900 billion Covid-19 relief bill and overall funding for the government into question.
House Democrats said they already have amended legislation that would send larger stimulus checks to individual taxpayers.
Trump rejects Covid relief bill, calling it 'a disgrace'
US Congress approves $900 billion stimulus package
The latest stimulus measure as proposed would supplement state unemployment insurance with $300 a week and send another $600 to individual taxpayers.
US Congress reaches deal on Covid-19 relief package
US lawmakers nearing stimulus deal amid signs of economic distress
Congress nears US spending deal, Fed more upbeat on outlook
Congress nears US spending deal with Fed to weigh in on economy
The meeting also involved top congressional leaders, such as Treasury Secretary Steven Mnuchin, Senate Minority Leader Chuck Schumer and House Minority Leader Kevin McCarthy.
Lawmakers push bipartisan US stimulus plan to break stubborn deadlock
On the prospects of passing complex legislation, Manchin warns against letting ‘perfect be the enemy of the good.’
Democrats see little to like in Trump stimulus plan
White House proposes new $916 bn stimulus plan to break deadlock
Treasury Secretary Steven Mnuchin offered a $916 billon package that included $600 stimulus checks for individuals and $1,200 for couples.
The latest proposal seems to be drawing bipartisan support, though it’s unclear if the framework proposal as drafted would include another round of stimulus checks.
Fed sees more signs activity slowing as optimism wanes
Democrats and Republicans have been at a stalemate for months after failing to agree on spending issues concerning the next coronavirus stimulus package.
If Congress passes a coronavirus economic relief package before the Thanksgiving break, millions of Americans could receive another stimulus check by late December.
An estimated 16 million Americans could head into 2021 without any financial aid as federal benefits from the CARES Act are set to expire on Dec. 26.
Senate Republicans have continuously refused to pass a bill with a large price tag, while House Democrats have blocked a narrow and targeted bill from the GOP.