A vote on final passage could come over the weekend. Republicans, who are expected to drag out the process, began the start of a contentious debate by forcing Senate clerks to read the entire bill - a process expected to take up to 10 hours.
Business & Financial News, U.S & International Breaking News
Rising bond yields, dollar slug Asian shares, yen
Asian stocks skidded on Friday as rising U.S. Treasury yields again rattled equity investors while hoisting the dollar to a three-month high, which in turn dragged the Japanese yen to an eight-month trough.
U.S. Capitol calm amid high security; Trump supporters hold faith he will return
A smattering of followers of the QAnon conspiracy theory gathered near the U.S. Capitol on Thursday, the day the movement had predicted former President Donald Trump's return to office, but they were far outnumbered by security forces deployed to deter any possible attack.
Biden has asked team to travel to Mexico border and report on influx of children
President Joe Biden has asked senior officials to travel to the U.S.-Mexico border and brief him on the government response to the influx of unaccompanied minors and steps to ensure their safety and care, a White House spokesman said on Thursday.
Fed's Powell pledges patience, says easy policy appropriate
U.S. Federal Reserve Chair Jerome Powell on Thursday repeated his pledge to keep credit loose and flowing until Americans are back to work, rebutting investors who have openly doubted he can stick to that promise once the pandemic passes and the economy surges on its own.
Texas electric industry financial crisis to grow as more costs surface
The Texas electricity market faces "insurmountable distress" as more gas and service bills come due, power industry officials said on Thursday at a hearing into financial fallout from the state's February blackout.
Square's $297 million deal for Jay Z's music service Tidal may bring blockchain to masses
Payments firm Square Inc agreed on Thursday to buy a majority stake in rapper Jay-Z's Tidal music streaming service for $297 million in a deal that could popularize blockchain or other new approaches to storing and buying online media.
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