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Democratic US Senator Joe Manchin said on Wednesday that Republicans are willing to compromise on the coronavirus stimulus bill, as reported by Reuters.

“Republicans know they have to go over $600 billion in the relief bill,” Manchin added during an interview with MSNBC and argued that there needs to be a hard cap on additional stimulus checks.

Market reaction

The US Dollar Index edged slightly lower on this headline and was last seen flat on the day at 91.18. Meanwhile, the S&P 500 Futures are up 0.37% at 3,832, suggesting that Wall Street’s main indexes are likely to start the day in the positive territory.