Congress must pass a COVID-19 relief package soon, top senators said during a rare Saturday session of the body. “We are running out of time,” Senate Minority Leader Chuck Schumer (D-N.Y.) warned. Congressional leaders have said a fresh relief package is close but have so far been unable to reach a final agreement. Schumer said the number one thing holding up the approximately $1 billion package is an insistence from Senate Majority Leader Mitch McConnell (R-Ky.) and Sen. Pat Toomey (R-Pa.) on a provision that would prohibit the Treasury Department and the FED from setting up new emergency lending facilities. Democrats don’t want to include the provision, arguing it would prevent the agencies from doing what they need to in the coming months. “We are close to an agreement but we need to finalize it and only, really, the Toomey provision stands in the way,” Schumer added. Making no mention of the …Read More
