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Lawmakers reach compromise over GOP proposal to rein in Fed's powers, clearing path for a stimulus package deal

Lawmakers reach compromise over GOP proposal to rein in Fed's powers, clearing path for a stimulus package deal

December 20, 2020

Senior lawmakers resolved a major standoff late Saturday night, clearing the way for Congress to pass a nearly $1 trillion economic relief package, after Democratic leaders and Sen. Patrick Toomey, R-Pa., struck a compromise over his proposal to rein in the lending powers of the Federal Reserve.

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