Lawmakers closer to COVID relief bill

Posted at 5:30 AM, Dec 20, 2020
and last updated 2020-12-20 06:54:53-05

WASHINGTON, D.C. — Top congressional lawmakers have cleared away the last major obstacle to agreement on a COVID-19 economic relief package costing nearly $1 trillion.

Votes could come as early as Sunday. A fight over Federal Reserve emergency powers has been defused by a Senate odd couple. Minority Leader Chuck Schumer, a liberal New York Democrat, sealed the deal with GOP Sen. Pat Toomey of Pennsylvania, a prominent conservative.

Toomey has been pressing a provision to close down Fed lending facilities that Democrats say would have tied the hands of the incoming Biden administration.