- Central bank’s emergency powers key to agreement
- $600 for individuals and $300 a week welfare boost
- New record for daily Covid cases as Moderna vaccine approved
The US Congress appeared poised to vote on a $900bn coronavirus aid package on Sunday after senators struck a late-night compromise to clear one of the final hurdles: a dispute over Federal Reserve pandemic lending authorities.
The Senate Democratic leader, Chuck Schumer, said late on Saturday: “If things continue on this path and nothing gets in the way, we’ll be able to vote tomorrow.”
Congressional leaders plan to attach the coronavirus aid package – which includes $600 direct payments to individuals and a $300 a week unemployment compensation supplement – to a $1.4tn spending bill funding government programs through September 2021.
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