US lawmakers agreed on pandemic spending powers for the Federal Reserve late yesterday, clearing the way for a vote on a US$900 billion Covid-19 relief package for millions of Americans. – EPA pic, December 20, 2020. US lawmakers agreed on pandemic spending powers for the Federal Reserve late yesterday, the Wall Street Journal reported, clearing the way for a vote on a roughly US$900 billion (RM3.6 trillion) Covid-19 relief package for millions of Americans.The deal would maintain the central bank’s ability to set up emergency lending programmes without congressional approval, the Journal said, but the Fed would require approval to restart similar existing programmes once they expire later this year.
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