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Fight over Fed powers stalls $900 billion aid plan - Black News Channel

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By ANDREW TAYLOR and CHRISTOPHER RUGABER Associated Press WASHINGTON (AP) — An arcane battle over emergency Federal Reserve powers is frustrating efforts to lock down an agreement on an almost $1 trillion COVID-19 economic relief package. Saturday's impasse is just the latest stumble in a partisan, monthslong fight, and feelings hardened as the Senate congregated for a weekend session. Lawmakers on both sides said a provision by Sen. Pat Toomey, R-Pa., that would curb emergency Federal Reserve powers was the sticking point. Republicans are insisting on the Toomey plan, while Democrats are adamantly against it. A compromise was proving elusive, […]

The post Fight over Fed powers stalls $900 billion aid plan appeared first on Black News Channel.

Source: Black News Channel - Black News Channel

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