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Congress running out of time to pass fiscal stimulus as holiday season approaches

Bloomberg
Bloomberg11/30/2020 04:03 PM GMT+08  • 6 min read
Congress running out of time to pass fiscal stimulus as holiday season approaches
The current temporary measure expires after midnight on 11 December, which would lead to a Federal Government shutdown.
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Congress faces a rapidly approaching deadline to pass a new round of funding for the U.S. government, with dimming odds both of confirming Judy Shelton to the Federal Reserve Board and hashing out another coronavirus relief package.

Lawmakers have only a few weeks to wrap up work before the year-end holidays, amid the continuing distraction from President Donald Trump’s unfounded claims about the presidential election he lost to President-elect Joe Biden.

That doesn’t bode well for either a retry of a vote on Trump’s nomination of his controversial economic adviser Shelton, or for breaking the months-long stalemate on a stimulus bill.

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