Senate Final Vote on Stimulus Likely Pushed Into Weekend
Published Date: 3/4/2021
Source: Bloomberg Quicktake: Now
The Senate enters the final stages of debating President Joe Biden’s $1.9 trillion pandemic relief bill on Thursday, with passage in the chamber likely pushed off until the weekend. Senate Majority Leader Chuck Schumer had planned to kick off the process Wednesday night but lacked an official cost estimate on the latest version of the bill, which has been trimmed down from the House-passed measure. In addition to stripping out a minimum-wage increase to comply with Senate rules, Biden agreed to moderate Democrats’ demands for tightening eligibility for $1,400 stimulus checks, which will also affect the Congressional Budget Office’s calculation of the overall price tag. Once the CBO’s numbers are in and the Senate votes to begin debate, a process starts that Republicans are threatening to drag out as long as possible to register their opposition to the massive bill. The Senate is plowing ahead despite warnings from federal law enforcement agencies that a militia group may be plotting to attack the Capitol on Thursday, about two months after a Jan. 6 siege of the building by extremist supporters of then-President Donald Trump that led to five deaths. Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm​ Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live​, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg​ Breaking News on YouTube: https://www.youtube.com/c/BloombergQu...​ Twitter: https://twitter.com/quicktake​ Facebook: https://www.facebook.com/quicktake​ Instagram: https://www.instagram.com/quicktake