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USD1.4trn Spending Bill Text Due Today, Congress Working On COVID Aid

US PRESS

Chad Pergram at Fox news tweets: "We expect text of USD1.4 [trillion] omnibus spending pkg today. Gov't funded through Friday night. Work continues behind the scenes today on potential coronavirus relief plan"

  • Last night following a call with Treasury Sec Steve Mnuchin, House Speaker Nancy Pelosi (D-CA) stated that the issues still dividing Democrats and Republicans "could be readily resolved".
  • Given how little floor time is left before the Christmas break, the omnibus spending bill is seen as the best opportunity to get a COVID-19 relief package through.
  • However, there remain divisions between Democrats and Republicans on a whole host of issues, both broad and technical, including liability protection, the Mexico border wall, veterans' health funding, medical bills, and labour protection on public works projects.
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