The long-awaited Senate vote on the coronavirus stimulus compromise bill is finally imminent Wednesday night, Fox News is told.
Stocks rally after Senate reaches deal on stimulus; White House economic adviser Larry Kudlow weighs in.
The stimulus movement came as stocks posted their first back-to-back gains in weeks, but much of Wednesday's early rally faded as the hitch developed in the Senate. The market is down nearly 27 percent since setting a record high a month ago.said he might try to torpedo the Senate's stimulus package as Republican senators raised objections about what they called a "massive drafting error" related to unemployment benefits.
Democrats and economists have countered that the point of the new unemployment benefit is, in fact, to make peoples' salaries whole, and that companies could simply raise wages to compete and attract workers. Later Wednesday, the Republicans agreed to drop their objections to fast-tracking the stimulus vote, as long as there was first a vote on the Sasse amendment to cap unemployment benefits to 100 percent of salary.
“That’s not gonna work," she told reporters shortly after 7:30 p.m. ET, referring to unanimous consent. "Republicans have told us that’s not possible from their said. ... What I’d like to see -- because this a $2 trillion bill -- I’d like to see a good debate on the floor."
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