While extending its fight against the deadly coronavirus (COVID-19), the US Senate GOP is progressing towards a multibillion-dollar worth of package. The details of the third proposal, as per the CNBC, suggest include cash payments of up to $1,200 for individuals, which starts to phase out at $75,000 in adjusted gross income. Key quotes Senate Majority Leader Mitch McConnell unveils Senate Republicans’ next coronavirus relief plan. The Senate has been under immense pressure to get a deal done with the House and administration as quickly as possible. Still, the latest package may get caught up in political wrangling. The check totals would start to phase out above $75,000 in adjusted gross income based on 2018 tax returns. People with non-federal tax liability would get only $600. FX implications Given the lack of trading interest amid the initial Asian morning, the news failed to offer major moves after the release. However, this could help improve the market’s risk tone. Recently, Wall Street stopped its south-run with mild gains while the US 10-year treasury yields softened to 1.15% by the end of their Thursday trading. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next UK Chancellor Sunak to unveil wage bailout to help millions through coronavirus crisis – The Telegraph FX Street 2 years While extending its fight against the deadly coronavirus (COVID-19), the US Senate GOP is progressing towards a multibillion-dollar worth of package. The details of the third proposal, as per the CNBC, suggest include cash payments of up to $1,200 for individuals, which starts to phase out at $75,000 in adjusted gross income. Key quotes Senate Majority Leader Mitch McConnell unveils Senate Republicans’ next coronavirus relief plan. The Senate has been under immense pressure to get a deal done with the House and administration as quickly as possible. Still, the latest package may get caught up in political wrangling. The check… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
