Republican Majority Leader in the US Senate, Mitch McConnell, rejected a request by Senate Democrats to pass a bill that would transfer an additional $ 1,400 to every American (bringing the total amount sent to every American in the latest Covid-19 aid batch to $ 2,000) per consent. Reuters unanimously reported. The bill will still be voted on at some point and, at this time, it seems unlikely that it will pass. It is unclear when that vote will take place.
However, Senate members on both sides of the House could be feeling pressure to approve more Covid-19 aid ahead of the Georgia runoff election in early January – Democrats must win both seats that are in. in Game. to win a majority in the Senate, something that would change the rules of the game for fiscal policy under the Biden administration.
Market reaction
The USD registered a slight rise, enough to push the dollar index back north of the 90.00 level, while the S&P 500 fell to fresh lows for the day just above 3730 and is now trading lower at around 0.1%. .
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