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Added on the 03/06/2019 19:18:04 - Copyright : Wochit
US lawmakers vote to reject a standalone Israel aid bill denounced by critics as a "cynical" bid to thwart a cross-party border security and foreign assistance package that would include cash for war-torn Ukraine. IMAGES
White House negotiations with Democrats over another pandemic aid bill have come to naught so far. Congress left town on Tuesday without passing another one, as virus cases surge across the nation, and the economic recovery threatens to grind to a halt. Business Insider reports that the prospect of more coronavirus aid is uncertain during a 'lame-duck session.' Such a session takes place in an even-numbered year, between the general election and the first session of the new Congress. The next deadline Congress faces is December 11. It must approve another spending bill to prevent a government shutdown. President Donald Trump supports another stimulus package. But his position has veered from cutting off relief negotiations to pressing for more money than Democrats.
Wall Street saw US stocks slide on Tuesday, as fiscal stimulus negotiations lurched into stalemate territory. According to Business Insider, initial results of the third-quarter earnings season kick-off from banks like Citigroup and JPMorgan also failed to impress investors. Apple announced its new iPhone 12 lineup--the tech giant's first major redesign of its flagship product in over 3 years. It didn't go over well: Apple's stock slid, too. And even gold, the ever-popular commodity, fell as much as 1.9%, to $1,886.54 per ounce. However, a breakthrough in stimulus talks could be near, as Senate Majority Leader Mitch McConnell signaled support for passing a deal prior to the upcoming election.
The US Senate approves a $61 billion aid package for Ukraine that had been stalled for months in Congress, with President Joe Biden vowing fresh supplies to be delivered swiftly to the warzone as Russia makes battlefield gains. IMAGES
The US House of Representatives passes a bill that would force TikTok to divest from parent company ByteDance and another bill to counter China and provide aid to Taiwan. IMAGES
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