White House Press Secretary Jen Psaki told reporters on Monday that Congress will decide on the cap for direct payments under the COVID-19 relief bill, adding that negotiations are ongoing, Reuters reported.
Psaki He further noted that he expects the House margin of the aid legislation to closely follow US President Joe Biden’s plan, even with some adjustments.
Market reaction
The market mood remains bullish following these remarks. At time of writing, the S&P 500 Index was up 0.43% on the day to 3,903.
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