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Deal on Fed removes obstacle to agreement on virus aid bill -

WASHINGTON (AP) Top congressional lawmakers struck a late-night agreement on the last major obstacle to a COVID-19 economic relief package costing nearly $1 trillion, clearing the way for votes as early as Sunday. The breakthrough involved a fight over Federal Reserve emergency powers and was resolved by the Senate’s top Democrat and a senior conservative Republican. Congressional aides confirmed the agreement late Saturday, which clears the way for an expected deal Sunday on the aid bill. The measure is finally nearing passage amid a frightening spike in cases and deaths and accumulating evidence that the economy is struggling through the pandemic.

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