Tuesday saw the U.S. Congress continuing discussions to extend unemployment benefits, due to expire at the end of July, and provide more funding to schools. Disagreements over how much to spend on these measures to combat the economic impact of COVID-19 is widening the gap between Republicans and Democrats. A $3 trillion relief bill passed two months ago by the Democrat-majority House of Representatives has largely been ignored by the Republican-majority Senate. Meanwhile, across the Pond, Europe’s leaders reached agreement on a EUR750 billion ($860.637) stimulus package at the EU Summit after over four days of negotiations. Thee 27-member bloc also passed a EUR1 trillion budget to be used between 2021 and 2027 to counter a recession not seen on the continent since World War Two. Some Investors were not optimistic about the U.S. coming to a consensus on the measures.