SPY391.77+4.27 1.10%
DIA319.53+4.14 1.31%
IXIC13,597.97+132.77 0.99%

U.S. Houses OKs budget package paving way for Biden COVID-19 relief bill

· 02/05/2021 14:23
U.S. Houses OKs budget package paving way for Biden COVID-19 relief bill

- The U.S. House of Representatives approved a budget package on Friday that enables Democrats to push President Joe Biden's $1.9 trillion coronavirus relief package through Congress without Republican support in a process that will likely take weeks.

The Senate approved the budget plan earlier on Friday.

Intended as a blueprint for writing the upcoming COVID-19 aid bill, the budget resolution is not a law, and does not require a presidential signature.


(Reporting by Susan Cornwell; Editing by Tim Ahmann)

((susan.cornwell@thomsonreuters.com;))