Home / Market Update / Senate to Discuss Expanding Stimulus this Week

Senate to Discuss Expanding Stimulus this Week

The United States Senate is set to discuss later this week the proposal made by President Donald Trump, as well as many Democrats, to an increase the stimulus payments from $600 to $2,000 per household, according to Senate Majority Leader Mitch McConnell, Reuters reported.

This comes after the Senate’s Republican majority blocked a move to raise the stimulus payments.

Meanwhile, the House of Representatives, which is controlled by the Democratic Party, voted on Monday to raise the stimulus spending.

Check Also

Silver Slides Despite Strong Yearly Gains as NFP Data and Geopolitical Risks Shake Markets

Silver prices came under renewed pressure on Friday, retreating sharply after the latest U.S. labor …