Congress passed the 2.2T stimulus bill, which will be likely torpedoed in Senate
On Thursday, the US House of Representatives approved a new package of economic support worth USD 2.2 trillion. However, it does not seem that the law will survive in the Senate, where the Republicans have a majority.
The Democrats have been negotiating with the Republicans in the Senate and the White House over the past few days to come to an agreement on the package of measures. Earlier conversations about new coronasteun ended in August. Nanci Pelosi, the Democratic president of the House, held talks on Thursday with minister Steven Mnuchin of Finance, but that did not lead to a breakthrough either.
Several Republican leaders believe the plan involves too much money. President Donald Trump has previously indicated his willingness to go up to $1.6T in stimulus.