US Senate fails to advance trillion-dollar rescue package

• The shock result, which heaps major pressure on Congress to come together and greenlight a federal government intervention, is almost certain to have a profound effect on stock markets when they open on Monday.

The bill, which proposed up to $2 trillion in funding for American families, thousands of shuttered or suffering businesses and the nation's critically under-equipped hospitals, failed by a 47-47 vote when it needed 60 to pass, despite intense negotiations between Republicans, Democrats and President Donald Trump's administration.

The shock result, which heaps major pressure on Congress to come together and greenlight a federal government intervention, is almost certain to have a profound effect on stock markets when they open on Monday.