Congress nears US spending deal, Fed more upbeat on outlook

Washington (AFP) – Congressional leaders on Wednesday said they were nearing a long-awaited agreement on a stimulus package for the US economy as the Federal Reserve cautioned that the economic outlook remains uncertain. A government relief package to aid struggling businesses and jobless workers is seen as essential in getting the world’s largest economy back on its feet amid a resurgence of Covid-19 infections, even as new vaccines offer hope that life can return to normal. “The case for fiscal policy right now is very strong. I think that is widely understood,” Fed Chair Jerome Powell told …

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