The newest twist in the talks appears to be fast-tracking negotiations to aid the airline industry but shelving the prospects broader unemployment aid, another round of $1,200 relief checks to millions of Americans, small business assistance, and a number of other programs.
Still, after sinking on Tuesday, the stock market rallied sharply Wednesday on the prospect of a partial deal. The Dow Jones industrial average closed up more than 500 points, or nearly 2 percent. Airline stocks fared even better, with American Airlines and United Airlines seeing their share prices up more than 4 percent.
The herky jerky nature of the economic relief talks have played out over months, as the White House and Democrats have failed to agree on a broader support package. The economy showed some signs of recovery over the summer but not it appears pockets are softening again, with the travel industry last week announcing a