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A loosely assembled group of House and Senate lawmakers released a legislative framework they hope can break the months-long impasse between party leaders and the White House on pandemic relief.
The Fed is pushing back against a request from Treasury to wind down emergency lending programs set up in the wake of the coronavirus.
Many unemployed Americans have been tapping into their savings to pay bills. But those savings are going fast, and hopes for a new round of pandemic relief before the election are fading.
But a top aide to Speaker Nancy Pelosi tweeted that she spoke to the treasury secretary Wednesday about a standalone measure to help airlines. A previous attempt to do this failed amid GOP opposition.
This time frame is longer than the estimate that Treasury Secretary Mnuchin gave when he negotiated the program for cash payments with congressional leaders.