by Can't make this stuff up. After several days of progress toward a final coronavirus relief deal, the Senate GOP's last-minute attempt to insert language curbing the Federal Reserve's emergency lending powers is threatening to derail negotiations over a package that would extend soon-to-expire unemployment benefits, send another round of direct payments to many Americans, and provide funding for vaccine distribution.Pushed by Sen. Pat Toomey (R-Pa.) with the backing of Senate Majority Leader Mitch McConnell (R-Ky.), the provision would both terminate Fed lending programs authorized by the CARES Act and restrict the central bank's ability to aid states, localities, and small businesses in the future—prompting accusations that the GOP is attempting to hamstring the incoming Biden
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Can't make this stuff up.
After several days of progress toward a final coronavirus relief deal, the Senate GOP's last-minute attempt to insert language curbing the Federal Reserve's emergency lending powers is threatening to derail negotiations over a package that would extend soon-to-expire unemployment benefits, send another round of direct payments to many Americans, and provide funding for vaccine distribution.
Pushed by Sen. Pat Toomey (R-Pa.) with the backing of Senate Majority Leader Mitch McConnell (R-Ky.), the provision would both terminate Fed lending programs authorized by the CARES Act and restrict the central bank's ability to aid states, localities, and small businesses in the future—prompting accusations that the GOP is attempting to hamstring the incoming Biden administration....
Common Dreams
Anger Mounts as Democrats Accuse GOP of Imperiling Covid Relief With Effort to 'Sabotage a Biden Presidency'
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According to the person familiar with Friday’s meeting, the animated gathering featured yelling and screaming, with the lawyers often accusing each other of failing to sufficiently support the president's efforts. Flynn and Powell both said they needed the Trump administration to do more to support their efforts to reverse President-elect Joe Biden's win. Giuliani and Powell also turned their ire on each other. The source said National Security Adviser Robert O'Brien, a successor to Flynn, participated by phone....Politico
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Salon
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