Congress on brink of deal on $  900 billion relief package after resolving key dispute

A deal on a long-awaited rescue package to deliver much-needed aid to struggling Americans suddenly was within reach after a major breakthrough Saturday night over a key sticking point: the role of the Federal Reserve to intervene in the US economy.

After days of tense negotiations over a provision pushed by Sen. Pat Toomey to pare back the role of the central bank’s emergency lending authority, Senate Minority Leader Chuck Schumer and the Pennsylvania Republican reached a deal in principle over the provision, aides said. 今, the two sides will draft the legislative language to ensure it reflects the outlines of the deal.




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