March 7, 2021

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Congress vows to finance government until Sunday as Govt relief talks drag on US Congress

Just hours before the strike came into effect on Friday night, the US Congress approved a halt to funding the government, buying time for the disappointing slow endcom negotiations on the nearly t 1tn corona virus relief package.

The House passed the Provisional Finance Bill, which was immediately approved by the Senate. The bill now goes to Donald Trump, who must sign the move.

The Stop Cap Bill will fund the government for two more days as protracted negotiations over a new economic aid package continue. Negotiations are ongoing, both sides said, but the final disagreement proves difficult to close.

Lawmakers appear Should get caught up in the restrictions on the Federal Reserve and funding for state and local governments, although Democrats and Republicans seem to have been set up in most key elements of the bill.

Senate Majority Leader Mitch McConnell on Friday expressed optimism about the status of talks on corona virus relief.

“I am more confident now than I was last night that the two-party, two-sided structure for a larger rescue package is very close at hand,” he said in a floor speech.

McConnell said he and Democratic Congress leaders are “working around the clock” to reach an agreement.

If Trump signs the stop-cap spending bill approved by Congress, lawmakers will have an extra 48 hours to finalize a corona virus relief bill.

The bill would be around b900 billion, and would include a new round of trigger checks that would raise the maximum to $ 600 for homes that meet a certain income threshold and raise $ 300 for unemployment insurance. Funding for small businesses, vaccine distribution and schools are also included.

Many key elements of the last Corona virus aid bill have expired, millions of Americans continue to be out of work, and the virus has spread across the country, killing more than 309,000 people in the United States.

It is unclear whether a breakthrough will come on Friday or extend over the weekend.

Speaking on the Senate floor yesterday, Senate Minority Leader Chuck Schumer said of the talks: “The difficult topics are not all behind us, [though] We need to cut a few final issues. ”

In recent days, Republicans have been firing for the inclusion of this bill Restrictions In the Federal Reserve emergency loan program for businesses and municipalities. Republicans say funding for the program is temporary, but Democrats argue that the plan’s cuts will hamper the Biden administration’s ability to provide assistance to companies, especially cashless state and local governments.

Meanwhile, Democrats are negotiating for money for state and local governments as Republicans are reluctant to offer direct relief. The compromise appears to be $ 90 billion in funding managed by the Federal Emergency Management Agency, although lawmakers are still figuring out exactly how to build a relief plan.

Other issues include how long additional unemployment insurance should last and eligibility for trigger checks.

Mark Warner, a Democratic senator from Virginia, told the New York Times: “These 11-hour issues are huge. They are not on either side, they have not been brought before in a month of negotiations. ”