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
U.S. carrier group enters South China Sea amid Taiwan tensions
A U.S. aircraft carrier group led by the USS Theodore Roosevelt has entered the South China Sea to promote "freedom of the seas", the U.S. military said on Sunday, at a time when tensions between China and Taiwan have raised concern in Washington.
Saudi sovereign fund to double assets in next five years to $1.07 trillion: Crown Prince
Saudi Arabia's Public Investment Fund plans to double its assets to 4 trillion riyals ($1.07 trillion) by 2025, Prince Mohammed bin Salman said on Sunday, a move that would make it one of the biggest sovereign wealth funds in the world.
Dutch police arrest alleged Asian drug syndicate kingpin
Dutch police have arrested the alleged leader of a large Asian drug syndicate who is listed as one of the world's most-wanted fugitives and has been compared to Mexican drug lord Joaquin "El Chapo" Guzman.
Canada's Trans Mountain pipeline sees fortunes shine after KXL's demise
The expansion of Canada's government-owned Trans Mountain pipeline assumes greater importance for the oil sector after the cancellation of rival Keystone XL reduced future options to carry crude, potential buyers say.
UAE cabinet approves setting up embassy in Tel Aviv
The United Arab Emirates cabinet on Sunday approved the establishment of an embassy in Tel Aviv in Israel, state media said, and Israel announced its embassy had opened in Abu Dhabi.
Italy to take legal action on COVID vaccine delays to get doses
Italy will take legal action and step up pressure in Brussels against Pfizer Inc and AstraZeneca over delays in deliveries of COVID-19 vaccines with a view to securing agreed supplies, Foreign Minister Luigi Di Maio said on Sunday.
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