The market welcomes the latest proposal from Senate Majority Leader Mitch McConnell who proposes a $ 1.4 trillion stimulus measure that needs to be approved immediately to stop the government closing down coronavirus.
The emergence of new plans for pandemic relief, demonstrating good progress in the U.S. administration's efforts after months of holding talks to launch a coronavirus stimulus package.
Meanwhile, a group of bipartisan lawmakers also introduced coronavirus assistance worth about $ 908 billion on Tuesday, aimed at stopping the stalemate between Republicans and Democrats in previous talks.
However, the plan was rejected by McConnell who said it was pointless to pass a law that would not be signed by President Donald Trump and time was running out before he left office on January 20.
For that reason, McConnell proposed a move that could be quickly approved and is seeking to garner support from the Republican majority in the Senate before publicly launching its plan.
Meanwhile, separately, President-elect Joe Biden asked Congress to provide a large package of assistance to address the economic crisis affected by Covid-19.
