Stimulus negotiations underway as Congress tries to agree on coronavirus relief funding

Senate Majority Leader Mitch McConnell says he wants Congress to pass a coronavirus relief bill with neither legal immunity for businesses nor state and local government relief. Congress is trying to come to agreement on coronavirus relief and government funding before the end of the year. Stimulus checks, liability protections and state and local aid are some of the biggest sticking points remaining in discussions. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi Congress aims to extend government funding for an additional week while lawmakers try to scrape together spending and coronavirus relief packages, Republican and Democratic leaders said Monday. The House plans to vote Wednesday on the short-term measure to keep the government running through Dec. 18, according to Majority Leader Steny Hoyer, D-Md. Senate Majority Leader Mitch McConnell, R-Ky., later reiterated the plan. Funding will lapse on Saturday if Congress cannot approve a spending bill. Politico first reported plans for a one-week extension. The decision to buy more time comes as lawmakers rush to reach agreement both on a broad appropriations plan and a package to boost the health-care system and economy as a sustained Covid-19 infection surge stresses hospitals across the country. Congressional leaders previously signaled they wanted to tie aid provisions to a funding proposal. But familiar sticking points have emerged as a bipartisan group tries to put the finishing touches on legislation they hope will serve as the template for a year-end rescue package. Failure to act before the end of the year would send millions of Americans spiraling into deeper financial peril. » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC https://www.cnbc.com/select/best-credit-cards/ #CNBC #CNBCTV

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