“As the American people continue to fight the coronavirus this holiday season, they will not be alone. Congress has just reached an agreement. We will pass another rescue package as soon as possible. There is more help along the way.” , tweeted a majority in the Senate, Mitch McConnel.
BREAKING: As the American people continue to fight the coronavirus this holiday season, they will not be alone.
Congress has just reached an agreement. We will pass another rescue package as soon as possible. There is more help along the way.
– Leader McConnell (@senatemajldr) December 20, 2020
“The four leaders of the Senate and the House finalized an agreement,” he added.
Fox News, Chad Pergram, reports that documentation of the COVID bill is said to still take some time to complete. Maybe “hours.”
1) Fox is informed that the COVID invoice documentation will still take some time to complete. Maybe “hours.”
However, no meeting of the Rules Committee is scheduled. This is the signal to make sure the house is ready to move. The COVID bill must go through the Standards Committee.
– Chad Pergram (@ChadPergram) December 20, 2020
Under normal circumstances, the news should be positive for markets where a long-awaited stimulus deal could be reached while the Moderna vaccine has begun shipping today to locations across the US.
The COVID mutation runs the risk of dominating the cables
However, while an agreement is being reached, lawmakers have not yet received anything concrete, so disagreements may arise again today and delay progress.
Markets are well aware that this has happened repeatedly during months of talks.
In addition, lawmakers are facing a deadline on Monday at 12:01 a.m. ET to avoid a government shutdown.
In addition, bulls will only be cautiously optimistic given how the UK has identified a new, more infectious variant of coronavirus.
The chart of the week: There are no Santa gifts this year for GBP / USD bulls