McConnell, Schumer Face Off on Stimulus as Senate Convenes
- Senate GOP seeking ‘targeted’ relief bill by end of 2020
- Vaccine news spurs markets, but Biden warns of ‘dark winter’
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The U.S. Senate’s top Republican and Democrat faced off on Monday over the size of fiscal stimulus needed to support the economy, dimming any hopes for an immediate package as lawmakers reconvene following the election.
Majority Leader Mitch McConnell said that Congress should pass a limited stimulus bill by year-end, in the wake of positive data on a slide in unemployment and after encouraging news on a Covid-19 vaccine.