Investing.com investing.com 28 Dec, 2020 08:15 am

After Trump backs down on stimulus bill, Democrats aim for higher relief checks By Reuters

After Trump backs down on stimulus bill, Democrats aim for higher relief checks By Reuters
After Trump backs down on stimulus bill, Democrats aim for higher relief checks

In a sudden reversal late on Sunday, Trump signed into law a $2.Unemployment benefits being paid out to about 14 million people through pandemic programs lapsed on Saturday but will be restarted now that Trump has signed the bill.If Trump had not signed the legislation, then a partial government shutdown would have begun on Tuesday that would have put millions of government workers' incomes at risk.Global share prices ticked up in response to the news that Trump had signed the stimulus plan and backed away from a government spending crisis.

Also on Monday, lawmakers will seek to override Trump's recent veto of a $740-billion bill setting policy for the Defense Department.If successful, it would be the first veto override of Trump's presidency.

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