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Covid: Fauci says U.S. could return to normal by mid-fall if most people are vaccinated

The coverage on this live blog has ended — but for up-to-the-minute coverage on the coronavirus, visit the live blog from CNBC's U.S. team.

U.S. lawmakers are racing to nail down a Covid relief bill after months of negotiating, as a Friday deadline to fund the government approaches and key aid measures are set to expire. Leaders from each side of the aisle met Tuesday afternoon and appeared to make progress. A final deal could include extended unemployment benefits, temporary student loan relief, a continued eviction moratorium and additional funding for small businesses. It's unclear whether a bill would send a second round of checks to Americans, but any combination of those efforts would help millions of people during a period of historic unemployment.

The U.S. is recording at least 212,200 new Covid-19 cases and at least 2,400 virus-related deaths each day, based on a seven-day average calculated by CNBC using Johns Hopkins University data.

Here are the biggest developments Wednesday:

The following data was compiled by Johns Hopkins University:

  • Global cases: More than 74.22 million 
  • Global deaths: At least 1.64 million
  • U.S. cases: More than 16.97 million
  • U.S. deaths: At least 307,501