President Trump signed an ongoing resolution late Friday night that would fund the federal government by Dec. 21 and temporarily avoid the closure.
Why it’s important: The 48-hour stopgap law will give legislators over the weekend to settle outstanding issues, including a 900 900 billion coronavirus relief package and a 4 4.4 trillion long-term deal.
Reference: This is the second consecutive resolution that Congress needs to pass this month because legislators cannot compromise. The first passed last week.
- But congressional leaders set a Friday deadline to address their differences and blew it up, even though legislators said they had been closing for days on the deal.
Big picture: Excitement talks stalled on Friday with a discussion of the Federal Reserve’s powers to lend to the crisis.
- Sen. Some Republicans, including Patrick Tumey (Pa.), Want to cut the Fed’s emergency financing programs as part of a stimulus deal, while Democrats fear the G.O.P. Is trying to reduce the power of the Fed.
Legislators too Disagree on direct 600 proposed direct payment to Americans as part of the stimulus bill.
What to watch: House Majority Leader Stanley Hoyer (D.M.) said the chamber would not vote on any legislation until Sunday afternoon.
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