Mitch McConnell and Nancy Pelosi spoke Thursday as Congress rushes to strike a coronavirus stimulus deal and avoid a government shutdown.
"It's not a perfect bill, but it is a compromise bill," GOP Rep. Tom Reed told CNBC, alongside Democratic Rep. Josh Gottheimer.
Gold firmed on Thursday as the dollar fell and investors clung to hopes of an eventual breakthrough in negotiations over a fresh U.S. coronavirus aid package.
Nancy Pelosi and Chuck Schumer urged Mitch McConnell to use a bipartisan coronavirus stimulus plan as a basis for relief talks.
The safe-haven dollar sank to a fresh 2-1/2-year low in choppy trading on Wednesday, pressured once again by expectations of further fiscal stimulus for the United States.
Gold firmed near an over one-week high on Wednesday as prospects of a U.S. coronavirus relief package reinforced its appeal as a hedge against likely inflation and sent the dollar to a multi-year trough.
The Treasury secretary cited portions of the law that said he didn't have the authority to allow Fed programs to run past the end of 2020.
Bipartisan lawmakers are pushing a new stimulus plan as Nancy Pelosi and Mitch McConnell have made no progress on a coronavirus relief bill.
The Dow is set to soar Tuesday, starting December with a strong rally after the best month for blue chips in more than 33 years.
The Dow is set to soar Tuesday, setting up Wall Street to start December with a strong rally after the best month for blue chips since 1987.
The U.S. dollar fell on Tuesday as risk appetite improved after U.S. President Donald Trump accepted the transition to a Joe Biden presidency and on optimism that COVID-19 vaccines are close to being rolled out.
Gold fell as better-than-expected U.S. business activity data and optimism over progress in COVID-19 vaccines boosted hopes for a swifter economic rebound.
Mnuchin said that he and GOP lawmakers will attempt to draft a targeted stimulus package and meet with Democrats.
U.S. stock futures pointed to a mixed open Friday, in an investor sentiment tug-of-war.
U.S. stock futures pointed to a mixed open Friday, in an investor sentiment tug-of-war between more encouraging Covid vaccine news and skyrocketing infections.
The dollar on Friday rose against major currencies such as the euro and yen, with traders consolidating positions amid competing forces that pull the currency in different directions: the surge in virus cases, on the one hand, and positive vaccine news, on the other.
Gold edged higher on Friday after U.S. Treasury Secretary Steven Mnuchin signalled that negotiations on stimulus measures will continue, boosting the metal's appeal as a hedge against likely inflation.
Stocks fell on Friday as rising new coronavirus cases cast doubt on a swift economic recovery.
The programs were set to expire at the end of the year. They were instituted in early March as markets froze.
