Free Trial

Pelosi: House To Vote On USD1.9trn COVID-19 Relief Bill At End Of Next Week

US

House Speaker Nancy Pelosi (D-CA) has stated that the House of Representatives will vote on the administration's USD1.9trn COVID-19 relief bill at the end of next week.

  • Says "At the same time, there is communication with the Senate as to what the Byrd Rule allows,". This relates to potential difficulties in passing the bill in the Senate even with the reconciliation process only requiring majority support.
  • Byrd rule limits the ability of provisions to reconciliation budget proposal that can affect future federal deficits. The proposed USD15/hour minimum wage would almost certainly do this and as such may be struck down. Senator Joe Manchin (D-WV) has already stated he will not support a COVID-19 relief bill that breaches the Byrd rule.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.