While Congress has already authorized $4 trillion, the White House argues that another $1.9 trillion is needed to cover responding to the virus and providing enhanced jobless benefits and payments to households. Relief legislation will likely need bipartisan support to emerge from the Senate.
Business & Financial News, U.S & International Breaking News
Asian shares under pressure on rising coronavirus cases
Asian shares were on the defensive on Monday as rising COVID-19 cases and doubts over the ability of vaccine makers to supply the promised doses on time soured risk appetite.
Pacific island nations turn to Beijing-backed AIIB as pandemic sinks economies
Pacific island nations are turning to China-led agencies to plug funding gaps in their pandemic-ravaged budgets after exhausting financing options from traditional western partners, stoking fears the region is becoming more dependent on Beijing.
Trump's coming impeachment trial aggravates rift among Republicans
The coming second impeachment trial of former U.S. President Donald Trump on a charge of inciting the deadly storming of the Capitol has aggravated a rift among his fellow Republicans that was on full display on Sunday.
Kremlin accuses U.S. of meddling in affairs, but says ready to talk
President Vladimir Putin would respond in kind if the new U.S. administration showed willingness to talk, a Kremlin spokesman said on Sunday, while also accusing Washington of meddling in mass protests in support of detained opposition leader Alexei Navalny.
Republican congressman played a role in Trump's campaign to fight election loss: NYT
A Republican U.S. congressman played a role in ex-President Donald Trump's efforts to oust the top Justice Department official and replace him with a loyalist willing to support efforts to overturn his election defeat, the New York Times reported on Sunday.
Mexican president Lopez Obrador tests positive for COVID-19
Mexican President Andres Manuel Lopez Obrador said on Sunday he had tested positive for COVID-19, amid an intense second wave of the coronavirus pandemic that has pushed the health system of the country's vast capital city close to saturation.
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