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Money & Markets

Republicans block $2,000 virus checks despite Trump demand

WASHINGTON — House Republicans shot down a Democratic bid on Thursday to pass President Donald Trump’s longshot, end-of-session demand for $2,000 direct payments to most Americans as he ponders whether to sign a long-overdue COVID-19 relief bill. The made-for-TV clash came as the ...

Edging into Christmas Eve, EU and UK near Brexit trade deal

BRUSSELS — European Union and British negotiators inched their way to within touching distance of a trade deal early Thursday, raising hopes a chaotic economic break between the two sides on New Year’s Day could be averted, officials said. After resolving a few remaining fair-competition ...

US close on deal with Pfizer for millions more vaccine doses

WASHINGTON — The U.S. government is close to a deal to acquire tens of millions of additional doses of Pfizer’s vaccine in exchange for helping the pharmaceutical giant gain better access to manufacturing supplies. A person with knowledge of the negotiations told The Associated Press on ...

Congress averts shutdown; fight continues over pandemic aid

WASHINGTON — Congress passed a two-day stopgap spending bill Friday night, averting a partial government shutdown and buying yet more time for frustratingly slow endgame negotiations on an almost $1 trillion COVID-19 economic relief package. The virus aid talks remained on track, both ...

Snags on COVID-19 relief may force weekend sessions

WASHINGTON — It’s a hurry up and wait moment on Capitol Hill as congressional negotiators on a must-pass, almost $1 trillion COVID-19 economic relief package struggled through a handful of remaining snags Thursday. The holdups mean a weekend session now appears virtually certain, and a top ...

Fed keeps rate near zero and sees brighter economy in 2021

WASHINGTON — The Federal Reserve said Wednesday that it will keep buying government bonds until the economy makes “substantial” progress, a step intended to reassure financial markets and keep long-term borrowing rates low indefinitely. The Fed also reiterated after its latest policy ...