House Speaker Nancy Pelosi and Senate Minority Chuck Schumer noted the new proposal would cut unemployment insurance benefits from a proposed $180 billion to $40 billion, calling it "unacceptable."
But this was Treasury Secretary Steve Mnuchin's first significant engagement with Congress on a stimulus deal since the election, possibly underlining why stock futures rose ahead of the market open. In Europe, British prime minister Boris Johnson is due to meet European Commission president Ursula von der Leyen in Brussels on Wednesday evening. Both leaders are expected to unfreeze Brexit trade negotiations ahead of an EU summit in the Belgian capital on Thursday.by the EU's chief Brexit negotiator Michel Barnier. If any headway is made, von der Leyen is expected to relay the discussion to the EU summit to gauge approval.