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    As the US prepares for the second round of stimulus checks for the year — this time at $600 — developed countries around the world have been maintaining beefed up relief efforts. While the United States saw a nearly six-months-long political stalemate before the divided House and Senate leadership were finally forced back to the negotiating table, nations like Japan, Germany, the United Kingdom and Canada have increased their support steadily. Just earlier this month, Japan, with a population of 127 million, announced another round of $708 billion in stimulus to help support and revive their Covid-ravaged businesses and workforce. The United Kingdom, meanwhile, led by Prime Minister Boris Johnson, a conservative, has led on a wage subsidy program for individuals who were put out of work as a result of the novel virus. Since March, laid-off workers have been receiving 80 percent of their paychecks. The...
    WASHINGTON -- Majority Leader Mitch McConnell said that congressional Republican and Democratic leaders have finalized a deal on the almost $1 trillion stimulus package.This is a breaking news update. A previous version of this report is below.Top negotiators appear on the brink Sunday of agreeing to long-delayed legislation to deliver a new round of aid to pandemic-slammed businesses, $300 bonus jobless benefits and a $600 direct payment to most Americans, an aid package that is smaller than Democrats and President-elect Joe Biden would like.The must-pass measure, coming in at more than $900 billion, is expected to be released late Sunday and would be brought immediately to the House floor for a vote. It includes tens of billions of dollars to pay for distributing vaccines, help schools reopen, and bail out struggling transit systems and the Postal Service.EMBED More News Videos Lawmakers have cleared away the last major obstacle to agreement...
    WASHINGTON -- The Fed programs at issue provided loans to small and mid-sized businesses and bought state and local government bonds, making it easier for those governments to borrow, at a time when their finances are under pressure from the pandemic.Negotiators reported continued progress on an almost $1 trillion COVID-19 economic relief package on Saturday, with optimism rising that the overdue talks would soon produce an agreement. The Senate convened a Saturday session, while House members stood by for a vote that will arrive no earlier than Sunday.A new government shutdown of midnight Sunday was serving as a backstop for the tortuous negotiations, which were being conducted in secret largely among the top four leaders of Capitol Hill's warring tribes.A key negotiator said the talks continued in good faith."But the American people cannot feed their families or pay their bills with Congress' good faith discussions," said Majority Leader Mitch McConnell,...
    WASHINGTON -- Optimism about delivering long-sought COVID-19 relief is building on Capitol Hill after additional rank-and-file lawmakers voiced support for a bipartisan, middle-of-the-road plan taking shape in the Senate and as top congressional leaders connected on the topic for the first time in months.House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell - frequent rivals but proven dealmakers - spoke on the phone Thursday, a conversation that came the day after Pelosi signaled a willingness to make major concessions in search of a COVID-19 rescue package in the $1 trillion range.Pelosi's spokesman announced the telephone conversation, tweeting that it was "about their shared commitment to completing an omnibus and COVID relief as soon as possible.""We had a good conversation. I think we're both interested in getting an outcome, both on the omnibus and on a coronavirus package," McConnell said.MORE: Don't expect a second stimulus check this year. Here's what...
    WASHINGTON -- Capitol Hill's top leaders spoke about COVID-19 relief and other unfinished business Thursday, adding to tentative optimism that a medium-sized aid package might break free after months of Washington toxicity and deadlock.House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell - frequent rivals but proven dealmakers - spoke on the phone, a conversation that came the day after Pelosi signaled a willingness to make major concessions in search of a COVID rescue package.Pelosi's spokesman announced the telephone conversation, tweeting that it was "about their shared commitment to completing an omnibus and COVID relief as soon as possible." McConnell's office would not comment.MORE: Don't expect a second stimulus check this year. Here's what Congress is talking about instead EMBED More News Videos Even with coronavirus spiking and new restrictions taking effect, Congress remains stalled on fresh relief for Americans in need. With COVID-19 caseloads spiraling and the daily...
    Getty Senate Majority Leader Mitch McConnell. Senate Majority Leader Mitch McConnell doubled down on his call for a smaller coronavirus relief bill. McConnell on Tuesday, November 11, took to Twitter to re-emphasize his want for a targeted stimulus package, with funding for schools and small businesses. The Senate majority leader slammed Democrats for requesting “absurd multi-trillion dollar socialist wish lists.” “Our country needs more smart, focused relief that is targeted to schools, healthcare, small businesses, & those who are hurting the most,” McConnell tweeted. “Not the absurd multi-trillion-dollar socialist wish-lists Democrats have demanded.” This news confirms what Republicans have said for months: Our country needs more smart, focused relief that is targeted to schools, healthcare, small businesses, & those who are hurting the most. Not the absurd multi-trillion-dollar socialist wish-lists Democrats have demanded. — Leader McConnell (@senatemajldr) November 10, 2020 McConnell expressed that a massive stimulus bill...
    Getty U.S. House Speaker Nancy Pelosi. House Speaker Nancy Pelosi is calling on President Donald Trump to restart coronavirus stimulus talks as the 2020 presidential race has come to a close. Pelosi on Friday, November 6, told reporters during a briefing that she wants “Republicans” and the president to “come back to the table” to renegotiate a relief bill. The House speaker added that “we must also move swiftly” as Capitol Hill prepares “for the Biden administration.” Democratic presidential candidate Joe Biden was named as the 46th president-elect the following day, defeating Trump in his bid for reelection, according to an analysis from Decision Desk HQ. “We want the Republicans to come back to the table,” Pelosi said, also including the president. “For two days in a row, over 100,000 (coronavirus) cases were reported.” Tune in as I speak with reporters this morning in Washington. https://t.co/P20e3SZxiy — Nancy...
    The U.S. Capitol is seen in the morning on November 4, 2020 in Washington, DC. The nation awaits the results of a historic presidential election between President Donald Trump and his Democratic challenger, former Vice President Joe Biden with swing states still too close to call.Al Drago | Getty Images As the question remains over who will capture the hotly contested presidential race, one casualty quickly emerging from fallout is the massive stimulus package Democrats were hoping to get to boost the economy. A blue-wave victory in Tuesday's elections was expected to cement funding as high as $3 trillion. Instead, the likelihood that the Senate will stay in Republican hands, combined with a presidential race that at least is tilting to Democrat Joe Biden, likely translates into something smaller – or no deal at all. "That's the most dangerous arrangement of variables from an economic perspective, precisely because it makes...
    Senate Majority Leader Mitch McConnell (R-KY), gestures while giving election remarks at the Omni Louisville Hotel on November 4, 2020 in Louisville, Kentucky.Jon Cherry | Getty Images Senate Majority Leader Mitch McConnell on Wednesday said his top priority remains passing a new economic stimulus bill before the end of the year. McConnell, who Tuesday evening won his reelection bid for a seventh six-year Senate term, said from a news conference in Kentucky that another relief package would be the chamber's chief focus when it reconvenes next week. He also said that state and local aid, a consistent Democratic demand in relief discussions with the White House, could be included in a new bill. "As I've said repeatedly in the last few months, we need another rescue package," McConnell, R-Ky., said Wednesday morning. "Hopefully, the partisan passions that prevented us from doing another rescue package will subside with the election. And...
    President Donald Trump and congressional leaders continued to be on different wavelengths Friday with regards to the likelihood of a benefits package to aid the country recover economically from the impact of the outbreak of the novel coronavirus. While Trump predicted a tremendous bill, Senate Majority Leader Mitch McConnell, R-Ky., suggested it may come around New Year’s Day and House counterpart Nancy Pelosi, D-Calif., made it sound like it would probably come around inauguration day. We will have a tremendous stimulus package immediately after the election, Trump said to a gaggle of reporters outside the White House before leaving for a series of campaign rallies. The Coronavirus Aid, Relief and Economic Security, or CARES, Act, adopted in late March was a $2.2 trillion package that included direct payments to most taxpayers as well as assistance to businesses. It also offered enhanced unemployment compensation. But many of the provisions expired at...
    A NEW stimulus deal can be signed before election – but only "if Trump wants to do it," Nancy Pelosi says. The House Speaker insisted on Friday that Trump was holding things up after he repeatedly blasted Pelosi for blocking the new package. ⚠️ Follow our US election 2020 live blog for the latest news & updates 3Nancy Pelosi said an agreement would be reached 'if the president wants to'Credit: Alamy Live News 3Trump said Pelosi was holding things upCredit: AP:Associated Press 3The new package proposed by the Democrats would include $1,200 stimulus paymentsCredit: Getty Images - Getty “The biggest step forward… in the negotiations is, I think they’re about to embrace the science in a substantial way,” Pelosi told MSNBC, adding that the Democrats "put pen to paper." “We are writing the bill, and hopefully we will be able to resolve it," she said. "We could do that...
    WASHINGTON — President Trump and Treasury Secretary Steven Mnuchin on Friday accused House Speaker Nancy Pelosi of hijacking COVID-19 economic relief by spurning their offers of urgently-needed stimulus. Speaking in the Oval Office — just 11 days from the presidential election — Mnuchin, the administration’s point person on negotiations, said the ball was in the California Democrat’s court after months of fruitless discussions. “We’ve offered compromises. The speaker on a number of issues has still dug in. If she wants to compromise, there will be a deal,” Mnuchin told reporters. “We’ve made lots of progress in lots of areas but there’s still some significant differences that we’re working on,” he went on. The Trump administration raised their most recent offer to $1.8 trillion but that is still significantly lower than the Democrat’s $3.3 trillion starting point. Republicans in Congress are unwilling to support anything higher than $2 trillion. Hope that...
    Nancy Pelosi's 48-hour deadline to reach a deal with Republicans on the latest coronavirus stimulus package expires Tuesday as she and Treasury Secretary Steven Mnuchin scramble to wrap up negotiations. The House Speaker plans to meet with Mnuchin more on Tuesday after the duo spoke for an hour Monday afternoon – even though the head of the Treasury had to call in from Tel Aviv, Israel. Pelosi created an arbitrary deadline over the weekend, claiming the two-day notice to Republicans is her last ditch effort to get a bill passed in Congress before the election two weeks from Tuesday. Tuesday marks day 91 since COVID-19 relief negotiations began – and neither side of the aisle is prepared to pass the opposing party's version of the legislation. House Speaker Nancy Pelosi (left) and Treasury Secretary Steven Mnuchin (right) will engage in last-ditch effort talks to reach a stimulus deal...
    Reuters October 19, 2020 0 Comments U.S. House of Representatives Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin “continued to narrow their differences” in a 53-minute telephone conversation on Monday about a fresh coronavirus aid package, Pelosi’s spokesman, Drew Hammill, wrote on Twitter. Pelosi hopes that by the end of Tuesday there will be “clarity” on whether a coronavirus stimulus bill can be passed before the Nov. 3 elections, Hammill wrote. He said Pelosi and Mnuchin will talk again on Tuesday, and staff work on the matter will continue “around the clock.” Pelosi, the top elected U.S. Democrat, said on Sunday that differences remained with President Donald Trump’s administration on a wide-ranging coronavirus relief package but that she was optimistic legislation could be pushed through before Election Day. But she said an agreement would have to come by the end of Tuesday for that to happen. The White House...
    Getty Will there be a second stimulus check? Here's what you should know. For months now, millions of Americans have been holding out hope that they could receive a second coronavirus stimulus check before November. But with the election nearing, the window to reach an agreement on the parameters of a second stimulus package is narrowing. On Sunday, House Speaker Nancy Pelosi imposed a 48-hour deadline to reach a consensus on a stimulus plan before the election. Speaking on ABC’s “This Week”, Pelosi said, “The 48 only relates to if we want to get it done before the election, which we do… But we’re saying to them we have to freeze the design on some of these things. Are we going with it or not? And what is the language.” Is it even possible for a deal to be reached by Tuesday? Asked that exact question, Pelosi said,...
    Getty Lindsay Graham Republican Senator Lindsay Graham of South Carolina is urging Senate Republicans to pass a larger stimulus relief bill as the Senate is poised to take up a much smaller version than Democrats support. Graham’s comments highlight continued discord among Republicans in the U.S. Senate over how much money to give a second stimulus relief package. For weeks, Republicans, Democrats, and the White House have been at loggerheads over the plan’s overall price tag with everything from second stimulus payments to extended unemployment benefits hanging in the balance. Republicans previously tried to pass a pared back version but Democrats wouldn’t go along with it. Democrats have passed their own $2.2 trillion, but the White House and some Republicans in the Senate have balked at that, with Senate Majority Leader Mitch McConnell making it clear he couldn’t get his members to support it. The White...
    Getty U.S. President Donald Trump. President Donald Trump hinted he might intervene if Republican senators oppose a multi-trillion dollar coronavirus relief package, according to a recent interview. On Saturday, October 18, Trump expressed to Charles Benson of WTMJ4 Milwaukee that he is on board with passing another broad-based package before Election Day — despite his previous calls for standalone bills. He added that he would have no issue addressing any Republicans opposing the measure. “I will take care of that problem in two minutes,” Trump said, contradicting Senate Majority Leader Mitch McConnell’s push for a targeted plan. Interview: Charles Benson of WTMJ4 Milwaukee Interviews Donald Trump – October 17, 2020Charles Benson of WTMJ4 Milwaukee interviews Donald Trump on the phone prior to a rally in Janesville, Wisconsin on October 17, 2020. Uploaded to YouTube for archival purposes by Factba.se (https://factba.se)2020-10-18T00:18:35Z Stimulus talks have yet again reached an impasse...
    President Trump hinted he might intervene if Republican senators don't support a second coronavirus stimulus package worth trillions of dollars, during an interview with Charles Benson of WTMJ4 Milwaukee on Saturday.  "You have put $1.8 trillion on the table. Will there be more money by election day? Do you have a deal?" Benson asked the commander-in-chief.  Trump replied, "I want the money by tonight, but Nancy Pelosi doesn't want to approve it because she thinks it's good politically for her not to approve it... She wants to bail out poorly run Democrat states. And we don't want to do that. I don't think she wants to approve it anyway. I think even if we gave her the money for the poorly run Democrat states, I don't think she'd approve it anyway."  Benson asked if Trump was getting any resistance from GOP Senators and the president said he "will take care of that...
    Amid stalled bipartisan talks for a second coronavirus stimulus, House Speaker Nancy Pelosi gave Donald Trump’s White House a 48-hour deadline to come to an agreement on the current bill. As reported by The Hill, she allegedly spoke to Treasury Secretary Steven Mnuchin on Saturday night, and the pair agreed that the legislation needs to be addressed within the next two days. Pelosi appeared on ABC’s This Week on Sunday and discussed the deal in more detail. “The 48 only relates to if we want to get it done before the election, which we do. I’m optimistic because, again, we’ve been back and forth on all of this.” According to Pelosi, whether Americans get financial relief before Election Day rests in the hands of Trump’s administration. As reported by CNN, she specifically pointed to language referring to testing and tracing that was removed by the GOP and claimed that she...
    House Speaker Nancy PelosiNancy PelosiPelosi defends not speaking to Trump for an entire year On The Money: Kudlow confident that Trump can 'round up' Senate GOP behind coronavirus relief deal | US deficit spikes to record .1T Romney slams Trump for refusing to denounce QAnon on national television MORE's (D-Calif.) deputy chief of staff Drew Hammill said Saturday that there has been some "encouraging news on testing" following the speaker's call with Treasury Secretary Steven MnuchinSteven Terner MnuchinPelosi defends not speaking to Trump for an entire year On The Money: Kudlow confident that Trump can 'round up' Senate GOP behind coronavirus relief deal | US deficit spikes to record .1T US deficit spikes to record .1 trillion in 2020 amid pandemic spending MORE to discuss the details on a possible fifth coronavirus relief package.  The call is the latest development in the back-and-forth stimulus negotiations that have appeared to grind to...
    Getty U.S. President Donald Trump, left, and Senate Majority Leader Mitch McConnell, right. Negotiations for another round of coronavirus relief appear to be moving forward, despite months of back-and-forth between both sides of the aisle, according to House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin. With pressure mounting to pass a second stimulus package before the upcoming election, less than three weeks away, Pelosi indicated progress on Thursday, October 15, about the proceedings, her spokesman Drew Hammill disclosed on Twitter. The Speaker and Secretary Mnuchin spoke at 3:30 p.m. today for 1 hr, 22 mins. The Secretary stated he would accept Democrats’ language for a national strategic testing plan with “minor” edits & that language would be shared tomorrow. The Speaker looks forward to reviewing. (1/4) — Drew Hammill (@Drew_Hammill) October 15, 2020 Hammill stated that the two met for a nearly 90-minute conversation, with the...
    Getty Senate Majority Leader Mitch McConnell. There have been a lot of different numbers floated for a second stimulus relief package. The Senate tried to get through a so-called “skinny bill.” Democrats have their version clocking in at $2.2 trillion, which is down from the more than $3 trillion they were initially seeking. The White House weighed in with a proposal for around $1.8 million. Despite general agreement on concepts like a second round of stimulus checks to Americans in need, both sides haven’t been able to bridge the gap on the overall price tag. Most recently, showing how far apart the sides are growing, the White House amount drew opposition from both Nancy Pelosi/Democrats AND from some Senate Republicans. Pelosi thinks the proposal comes in too low, and some Senate Republicans think it’s too high. What do they support? Here’s what you need to know:The Senate Majority...
    Getty President Trump has said that China will pay for the new coronavirus stimulus check. For months now, Republicans and Democrats have failed to reach an agreement over the parameters of the next coronavirus relief bill. Now, President Trump is saying that he would raise his offer for a relief package above the current $1.8 trillion proposal, and that China is going to pay for it. Trump on why he doesn't mind a more expensive relief package: "'Cause it comes back. It's gonna come back anyway. And we're gonna take it from China. I'll tell you right now. It's coming out of China." ? — Daniel Dale (@ddale8) October 15, 2020 According to CNN reporter Daniel Dale, when Trump was asked how he plans on getting stimulus money from China, he said, “Well, there’s a lot of ways. Okay? There’s a lot of ways. And I’ll figure...
    Getty U.S. President Donald Trump. In a stark shift in stance, President Donald Trump is urging legislators to pass another broad-based coronavirus relief package as soon as possible. The president took to twitter on Tuesday, October 13, to call on Congress to “go big or go home” referring the plan. He also pressured that same day Republicans to speed up the confirmation process for Supreme Court nominee Judge Amy Coney Barrett in order to refocus on negotiations. STIMULUS! Go big or go home!!! — Donald J. Trump (@realDonaldTrump) October 13, 2020 Stimulus talks have yet again come to a halt as lawmakers continue to battle over the overall price-tag. With several failed attempts to pass House Democrats’ revised $2.2 trillion HEROES Act, Treasury Secretary Steven Mnuchin’s $1.6 trillion counterpropsal, and Senate GOPs’ $300 billion “skinny bill,” both sides of the aisle have now turned down the White...
    Getty Treasury Secretary Steven Mnuchin, left, and White House Chief of Staff Mark Meadows, right. With no clear path to another round of coronavirus relief before the upcoming presidential election, two White House officials are urging Congressional lawmakers to put aside their political differences and find a common ground. On October 11, Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows addressed House and Senate members in a joint statement, expressing the need for a bipartisan bill tailored toward school and airline assistance, extended federal unemployment benefits and another round of direct stimulus checks. The pair called on legislators to repurpose unused funds from the first round of the Paycheck Protection Program, passed under the CARES Act back in March. “Now is the time for us to come together and immediately vote on a bill to allow us to spend the unused Paycheck Protection Program...
    TOKYO (AP) — Global shares were mostly higher Monday, though worries about the pandemic kept optimism in check France’s CAC 40 edged up 0.2% in early trading to 4,955.07, while Germany’s DAX rose 0.1% at 13,069.35. Britain’s FTSE 100 added 0.2% to 6,031.20. U.S. shares were set for a steady outset to the week, with Dow futures rising 0.2% to 28,581. S&P 500 futures were up nearly 0.5% at 3,489.88. A two-day European summit in Brussels later in the week could have implications for Brexit negotiations, analysts said. European Union officials say they finally are seeing progress in trade talks with the United Kingdom, but they insist it is no guarantee an agreement will be delivered in time to get a basic trade deal delivered by the end of the month. Legislators face an end-of-year deadline with a transition period in the wake of Britain’s departure from...
    Getty U.S. House Speaker Nancy Pelosi. Will there be a second COVID-19 stimulus relief plan? The chances for it diminished on October 10, when House Speaker Nancy Pelosi rejected a $1.8 trillion counter offer from the White House, and Senate Republicans sharply criticized the proposal. Millions of Americans could use a second COVID-19 stimulus check, which is just one of the provisions being held up by the failure of Republicans and Democrats to reach agreement on an overall plan. Many other things are included in the plan, such as small business grants, extended unemployment checks, and aid to state and local governments. President Donald Trump tweeted this on Oct. 7: “If I am sent a Stand Alone Bill for Stimulus Checks ($1,200), they will go out to our great people IMMEDIATELY. I am ready to sign right now. Are you listening Nancy?” Pelosi didn’t embrace that approach...
    HOUSE Speaker Nancy Pelosi has accused Donald Trump of a money grab as she slammed the $1.8trillion stimulus package he had proposed. The President had made the stimulus offer, the largest one yet, to the Democrats Friday but it has been rebuffed by Ms Pelosi, saying it didn't provide a fuller strategy for Covid-19 testing and tracing. 2Nancy Pelosi has rejected the latest stimulus offer from Donald TrumpCredit: Alamy Live News In a letter to her caucus, she called the plan "insufficient" and said it amounted to "one step forward, two steps back." "When the President talks about wanting a bigger relief package, his proposal appears to mean that he wants more money at his discretion to grant or withhold," Pelosi said. She added the Democrats should push for more funding and details on the plan. The Democrats had previously rejected a $1.6trillion package, claiming it wasn’t generous enough. While...
    US Speaker of the House, Nancy Pelosi, Democrat of California, leaves after her weekly press briefing on Capitol Hill in Washington, DC, on October 8, 2020.Andrew Caballero-Reynolds | AFP | Getty Images House Speaker Nancy Pelosi on Saturday dismissed the Trump administration's latest coronavirus stimulus offer, continuing complicated negotiations between Democrats and Republicans that have stretched out for months. The White House on Friday increased its offer to $1.8 trillion, nearly double the original offer from Republicans when talks began in late summer but about $400 billion less than the $2.2 trillion bill Democrats previously passed.  "This proposal amounted to one step forward, two steps back," Pelosi said of the Trump administration's stimulus offer. "When the President talks about wanting a bigger relief package, his proposal appears to mean that he wants more money at his discretion to grant or withhold, rather than agreeing on language prescribing how we honor our workers, crush...
    Getty U.S. President Donald Trump. After months of stalled negotiations, President Donald Trump is prepared to make a deal with Democrats on another round of coronavirus relief, according to White House economic adviser Larry Kudlow. The president met with White House Chief of Staff Mark Meadows and Treasury Secretary Steven Mnuchin on Friday, October 9, to iron out the kinks of a plan to offer House Speaker Nancy Pelosi later that day, Kudlow said on Fox Business. “The president has approved a revised package,” he expressed. “He would like to do a deal.” While Kudlow couldn’t go into the specifics of the bill, he added that it will be “relatively broad-based” — marking a change in stance from the administration’s previous calls for standalone bills. CNBC reported that the new offer is in the ball-park of $1.8 trillion, a slight increase from the White House’s earlier $1.6 trillion...
    Reuters October 9, 2020 0 Comments U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin failed on Friday to reach agreement on a COVID-19 stimulus package, while the top Senate Republican voiced doubt that Congress would act before the Nov. 3 election. Mnuchin floated a new $1.8 trillion proposal in a 30-minute Friday afternoon phone conversation, according to the White House. But Pelosi aide Drew Hamill said the offer lacked a broad plan to contain the pandemic. Talks will continue, he said. “We are still awaiting language from the administration as negotiations on the overall funding amount continue,” Hamill said on Twitter. The new White House package was higher than an earlier $1.6 trillion Mnuchin offer and closer to the $2.2 trillion that the Democratic-controlled House of Representatives passed last week. White House spokeswoman Alyssa Farah said the administration wanted to keep spending below $2 trillion but was...
    Students formally chastise Notre Dame president for not wearing mask at White House Tim Hortons reveals ambitious plans to open in every major city and town in the UK within 2 years Stocks End Higher as Trump Lifts Stimulus Offer to $1.8 Trillion Stocks finished higher Friday after the White House reportedly increased its stimulus package offer to $1.8 trillion and will take the proposal to congressional Democrats. © TheStreet Stocks End Higher as Trump Lifts Stimulus Offer to $1.8 Trillion White House Economic Adviser Larry Kudlow said on Friday that President Trump had approved a revised coronavirus stimulus package. "The president has approved a revised package. He would like to do a deal," Kudlow told Fox Business. "It will be relatively broad based but I can't go through details." Treasury Secretary Steven Mnuchin will be discussing the plan with House Speaker Nancy Pelosi later Friday, according...
    Getty Senate Majority Leader Mitch McConnell (R-Kentucky). More conflicting messages are coming out of President Trump’s administration and members of his party as Senate Majority Leader Mitch McConnell told a group of first responders that he believed a deal on coronavirus relief would not get done until after the election, according to Fox-8. A delay that long could mean people would have to wait for checks until the new year, according to projections from CNET. The road to a coronavirus relief bill has been rocky, with each side inching closer to a compromise over a relief bill’s price tag. Trump recently blew up negotiations by announcing on Twitter that Americans would have to wait until after the November 3 election for negotiations to continue; then he seemed to reverse course and offered Democrats a more piecemeal approach to relief. The latest news is that the Trump administration is...
    President Trump said on Friday that he's in support of an even bigger coronavirus relief package than what Democrats are currently offering, reversing his position from a few days ago. "I would like to see a bigger stimulus package, frankly, than either the Democrats or Republicans are offering," Trump said on conservative radio host Rush Limbaugh's show on Friday afternoon. Trump said he's going "the exact opposite now," reversing himself on what he said in recent days on virus relief spending negotiations. Trump declared Tuesday that he was pulling out of negotiations. He accused Speaker Nancy Pelosi of failing to negotiate “in good faith.” With Trump's support, the negotiations appear to be back on track now. Pelosi and Treasury Secretary Steven Mnuchin said they plan to hold discussions on Friday about a new White House coronavirus aid package that would increase a previous offer of $1.6 trillion to $1.8...
    Getty During a call-in interview with conservative radio host Rush Limbaugh on Friday afternoon, President Trump reversed course on the statements he made earlier this week, in which he bluntly shut down any chance of a stimulus package happening before the presidential election. Now, the president wants a package to move through Congress quickly. To Limbaugh, he said he wants a “bigger stimulus package, frankly, than either the Democrats or Republicans are offering.” Trump’s comments came hours after the latest report that his White House would be proposing a $1.8 trillion package as a compromise to House Speaker Nancy Pelosi’s $2.2 trillion proposed package. The White House had previously offered a $1.6 trillion package. Here’s what you need to know:Mnuchin & Pelosi Are Expected to Negotiate on This New Bill Today TRUMP on Rush Limbaugh show: "I would like to see a bigger stimulus package frankly than either...
    White House economics adviser Larry Kudlow said Friday that President Trump met with Chief of Staff Mark Meadows and Treasury Secretary Steven Mnuchin and approved a new pandemic aid package. “The president has approved a revised package. He has approved a revised package. He would like to do a deal,” Kudlow said in an interview with Fox Business. Kudlow said Mnuchin expects to be speaking with House Speaker Nancy Pelosi this afternoon to discuss the new proposal. President Trump had called off negotiations this week when talks stalled amid Democratic refusal to make meaningful compromises. President Trump said he would support standalone bills that would provide limited and targeted aid, including bills to provide stimulus checks to households and funding for airlines. On Thursday afternoon, however, Pelosi said she would only support aid through a comprehensive bill, reversing her earlier support for a standalone airline bill. CNBC reported shortly after...
    Tony Weaver Jr. encourages Black youths with powerful messages and images. What Is the Best Turkey to Buy for Thanksgiving? Dow Rises as Trump Boosts Stimulus Offer to $1.8 Trillion Stocks rose Friday after the White House reportedly increased its stimulus package offer to $1.8 trillion and would take the proposal to congressional Democrats. © TheStreet Dow Rises as Trump Boosts Stimulus Offer to $1.8 Trillion White House Economic Adviser Larry Kudlow said earlier Friday that President Trump has approved a revised coronavirus stimulus package. "The president has approved a revised package. He would like to do a deal," Larry Kudlow told Fox Business. "It will be relatively broad based but I can't go through details." Treasury Secretary Steven Mnuchin will be discussing the plan with House Speaker Nancy Pelosi later Friday, according to Kudlow. Pelosi told MSNBC she and Mnuchin set aside some time Friday to...
    Inching closer to Democrats’ demands, President TrumpDonald John TrumpBiden campaign raises over M on day of VP debate Trump chastises Whitmer for calling him 'complicit' in extremism associated with kidnapping scheme Trump says he hopes to hold rally Saturday despite recent COVID-19 diagnosis MORE and his aides on Friday will offer Speaker Nancy PelosiNancy PelosiOn The Money: Trump says talks on COVID-19 aid are now 'working out' | Pelosi shoots down piecemeal approach | Democrats raise questions about Trump tax audits Trump retweets reporter saying 25th Amendment is not equivalent to a 'coup' Trump responds to Pelosi bringing up 25th Amendment: 'Crazy Nancy is the one who should be under observation' MORE (D-Calif.) a $1.8 trillion coronavirus relief package, sources said, as the president urged the negotiators to “go big.” The new figure was a jump from the White House’s $1.6 trillion offer last week, but there was no indication...
    Getty President Donald Trump (left) and Chief of Staff Mark Meadows (right). Speaking Wednesday morning on Fox & Friends, White House Chief of Staff Mark Meadows said President Donald Trump is considering “stand-alone bills to help airlines, small businesses, and the American people with stimulus checks.” Meadows added that the White House hopes it can convince House Speaker Nancy Pelosi to do something on a one-time basis. The remarks, as Politico pointed out, came just hours after the President tweeted that stimulus check negotiations would not resume until after the election. Trump added that he would pass a “major stimulus bill” if re-elected on November 3, according to ABC WATE. These sentiments, however, were reversed on Wednesday morning when the president tweeted, “Move Fast, I Am Waiting To Sign!” If I am sent a Stand Alone Bill for Stimulus Checks ($1,200), they will go out to our great people...
    A man walks near the New York Stock Exchange (NYSE) on August 31, 2020 at Wall Street in New York City.Angela Weiss | AFP | Getty Images Whoever wins the presidential election is likely to seek an infrastructure program next year, but if Democrats win the presidency and Congress, the program could be bigger and come faster. The pile of new debt from such a program is one of the issues the bond market has been grappling with this week, as former vice president Joe Biden has risen in the polls against President Donald Trump. Treasury yields were at a 4-month high, and the 10-year yield rose to as high as 0.78%, breaking a range it had been in for weeks.  Separately, the market has been expecting a stimulus package of $1.5 trillion or more aimed at helping businesses, the unemployed and state and local governments, hurt by the coronavirus...
    President Donald Trump said via Twitter on Tuesday that he has rejected the House Democrats proposal of a $2.4 trillion second coronavirus relief/stimulus package and instructed Republicans to stop negotiating until after the election. Trump’s rejection comes about a week after House Speaker Nancy Pelosi offered a scaled-down version of the $3 trillion package the Democratic-controlled House of Representatives passed in May. This, in stark contrast to the $1.6 trillion option the Republicans countered with The sudden end of the coronavirus relief talks also comes on his first full day since the president was being released from the hospital after receiving treatment for COVID symptoms. “Nancy Pelosi is asking for $2.4 Trillion Dollars to bailout poorly run, high crime, Democrat States, money that is in no way related to COVID-19,” Trump wrote in a series of posts. “We made a very generous offer of $1.6 Trillion Dollars and, as usual, she is not...
    President Trump on Tuesday said he has instructed Republicans to pause negotiations on a coronavirus stimulus package until after the election, instructing Senate Majority Leader Mitch McConnell, R-Ky., to focus “full-time” on getting his nominee to fill the vacant seat on the U.S. Supreme Court approved. Trump said in a Twitter post that negotiations would resume after the election, at which time a bill would be passed to support small businesses and hardworking Americans. He also accused House Speaker Nancy Pelosi, D-Calif., of pushing for a $2.4 trillion package that would act as a bailout to “poorly run, high crime, Democrat States.” PELOSI, MNUCHIN HAGGLE OVER CORONAVIRUS STIMULUS PACKAGE PRICE TAG AS TALKS CONTINUE  Pelosi and Treasury Secretary Steven Mnuchin were expected to continue negotiations on Tuesday, though spending has been a sticking point between the two sides. As previously reported by FOX Business, House Democrats passed a $2.2 trillion revised HEROES...
    Getty In a series of tweets on Tuesday, October 6, President Trump confirmed that no stimulus package will pass Congress before the presidential election. Specifically, he said he had “instructed” his “representatives to stop negotiating until after the election.” At that point, Trump said he would “immediately” pass a “major stimulus bill,” following his re-election. Trump has repeatedly indicated his support for stimulus payments in any package throughout the pandemic. Though he does not mention stimulus checks specifically in this Twitter thread, his previous commentary on the topic provides sufficient evidence that he would include them in this upcoming package. Here’s what you need to know: Trump’s New Timeline for Stimulus Checks & a ‘Major’ Stimulus Package: Expect a Bill in Early November Nancy Pelosi is asking for $2.4 Trillion Dollars to bailout poorly run, high crime, Democrat States, money that is in no way related to COVID-19. We made a...
    AMERICANS could receive their second stimulus checks in the mail in just a matter of days as the White House and Democratic negotiators near a deal. The two sides are racing down the finish line to pass a stimulus package before election day. With President Trump's hospitalization with covid-19, the negotiators are running out of time - however reports indicate the two sides could find an agreement this week. 4House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin are set to come up with a deal on the stimulus package this weekCredit: AFP or licensors 4Americans could see a second round of $1200 stimulus checks very soonCredit: Getty Images - Getty White House officials have an optimistic view that Treasury Secretary Steven Mnuchin could reach an agreement with House Speaker Nancy Pelosi as soon as this Wednesday. Even the president's onboard for reaching a bipartisan stimulus bill, tweeting "Our great...
    Getty Speaker of the House Nancy Pelosi. On Sunday, House Speaker Nancy Pelosi reiterated that no stimulus deal has been reached while speaking on CBS’ Face the Nation. Asked if President Trump’s “WORK TOGETHER AND GET IT DONE” tweet meant that an agreement had been made on a second stimulus check, Pelosi said, “No, it means that we want to see that they can agree on what we need to do to crush the virus,” according to Forbes. Last week, both sides of the aisle resumed negotiations on an economic relief package in the hopes of striking a deal before the election. They were unable to iron out the details of a package; however, White House officials are still optimistic that a deal can be reached by the middle of this week, according to the Washington Post. While speaking on Face the Nation, Pelosi added that she hopes President...
    Getty Will there be a second stimulus check? Here's what you should know. With the election nearing, American citizens are growing increasingly curious about the status of a second stimulus check. On Wednesday, US Senate Majority Leader Mitch McConnell said that both sides of the aisle are still “very, very far apart” on negotiations surrounding another relief payment. Congress first authorized $1,200 stimulus payments in March after passing the CARES Act. The legislation resulted in $1,200 per individual or $2,400 per married couple filing jointly, with $500 per dependent under age 17. Early last week, Democrats in the House approved the HEROES Act 2.0, which is a scaled-back $2.2 trillion package that includes a second round of $1,200 stimulus checks. Republicans have dismissed the act as “dead on arrival”, according to AS.com. House Minority Leader Kevin McCarthy said on Thursday, “Today’s so-called compromise isn’t realistic or responsible. It’s the...
    WASHINGTON — Feverish negotiations are underway behind closed doors between House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin on another coronavirus aid package after months of inaction. Mnuchin reportedly offered a $1.6 trillion rescue package during a meeting Wednesday after talks between the pair broke down in August, leaving tens of millions in limbo during a historic recession which has sent the US economy in a tailspin. Included in the offer is $250 billion for state and local governments and a $400-per-week boost to federal unemployment, lasting until Jan. 1, 2020, according to a Roll Call report. It is still far less than the $2.2 trillion in relief that Pelosi (D. Calif) is seeking, in particular a $500 billion provision for states to fund essential services like teachers, firefighters and public transit. Both sides are under mounting pressure to pass another round of aid following a months-long impasse,...
    WASHINGTON — Feverish negotiations are underway behind closed doors between House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin on another coronavirus aid package after months of inaction. Mnuchin reportedly offered a $1.6 trillion rescue package during a meeting Wednesday after talks between the pair broke down in August, leaving tens of millions in limbo during a historic recession which has sent the US economy in a tailspin. Included in the offer is $250 billion for state and local governments and a $400-per-week boost to federal unemployment, lasting until Jan. 1, 2020, according to a Roll Call report. It is still far less than the $2.2 trillion in relief that Pelosi (D. Calif) is seeking, in particular a $500 billion provision for states to fund essential services like teachers, firefighters and public transit. Both sides are under mounting pressure to pass another round of aid following a months-long impasse, and...
    Getty Will there be a second stimulus check? Here's what you should know. Is a second coronavirus stimulus check on the horizon? For weeks now, Americans struggling amid the coronavirus pandemic have asked this question, and unfortunately, the answer remains unclear. While some lawmakers have expressed optimism when it comes to reaching a deal, others continue to believe there is no additional payment in sight. On Wednesday, US Senate Majority Leader Mitch McConnell said that both sides of the aisle are still “very, very far apart” on negotiations surrounding another relief payment. He said that Democrats and Republicans still cannot agree on the total price of a relief package, and described House Speaker Nancy Pelosi’s $2.2 trillion proposal, introduced on September 8, as “outlandish.” Now that October is here, what’s the status of a relief payment? Is it possible that we’ll receive one before the election? Here’s what you...
    WASHINGTON -- House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin held an "extensive conversation" Wednesday on a huge COVID-19 rescue package, meeting face to face for the first time in more than a month in a last-ditch effort to seal a tentative accord on an additional round of coronavirus relief.After a 90-minute meeting in the Capitol, Pelosi issued a statement saying the two would continue to talk. "We found areas where we are seeking further clarification," she said."We made a lot of progress over the last few days. We still don't have an agreement," Mnuchin said after meeting with Pelosi and briefing top Senate Republican Mitch McConnell.At the very least, the positive tone set by Pelosi and Mnuchin represented an improvement over earlier statements. But there is still a considerable gulf between the two sides, McConnell said.SEE ALSO: Stimulus package talks: Where lawmakers stand on unemployment, stimulus checks, PPP...
    WASHINGTON -- House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin planned to meet face to face for the first time in more than a month Wednesday in a last-ditch effort to seal a tentative accord on an additional round of coronavirus relief.The Democratic-controlled House, meanwhile, moved on a separate track to overrun GOP opposition and pass a $2.2 trillion COVID-19 rescue bill as one of their final acts before leaving Washington to campaign.Pelosi and Mnuchin were scheduled to continue negotiations in hopes of a deal that would permit another round of $1,200 direct stimulus payments, restore bonus pandemic jobless benefits, speed aid to schools and extend assistance to airlines, restaurants and other struggling businesses."We're going to give it one more serious try to get this done, and I think we're hopeful that we can get something done," Mnuchin said Wednesday morning on CNBC.Wednesday afternoon's meeting at the Capitol is...
    On Wednesday, US Senate Majority Leader Mitch McConnell said that both sides of the aisle are still “very, very far apart,” when it comes to negotiations surrounding another stimulus bill. He specified that Democrats and Republicans still cannot agree on the total price of a relief package, and described House Speaker Nancy Pelosi’s $2.2 trillion proposal as “outlandish.” The package, which is still being called the HEROES Act, was unveiled on September 28, and included a second round of $1,200 stimulus checks, along with $600 per week in enhanced federal unemployment benefits, according to CNBC. But McConnell has been quick to dismiss it, saying that the bill is “no more serious than any of their political stunts going back months.” He added, “If they continue to refuse to get serious, then American families will continue to hurt.” Here’s what you need to know:Congress Adjourns Next WeekThe window to reach a...
    Democrats in the House introduced new coronavirus stimulus legislation which includes the word “cannabis” 68 times, which is more than the word “job” or “jobs” by double digits. Speaker of the House Nancy Pelosi sent out an email Monday night urging her colleagues to vote for the new $2.2 trillion Heroes Act. The bill, like other Democratic coronavirus stimulus packages, includes the word cannabis 68 times. Pelosi has previously said Cannabis is related to the coronavirus and helps as therapy. The word “job” is only mentioned 47 times and the word “jobs” is mentioned just 7 times in the Democrats stimulus package. “This evening, Democrats are unveiling an updated Heroes Act that serves as our proffer to Republicans to come to negotiations to address the health and economic catastrophe in our country. This $2.2 trillion Heroes Act provides the absolutely needed resources to protect lives, livelihoods and the life of...
    HOUSE Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin have made a last-ditch effort to strike a coronavirus relief deal before Election Day, with GOP representatives said to be open to talks. A $2.2 trillion relief package being pushed by Democrats would include a second round of $1,200 stimulus checks, $600 of additional Federal unemployment payments, and $225 billion for schools. 4 House Democrats led by Speaker Nancy Pelosi have put forward a new $2.2 trillion coronavirus relief packageCredit: EPA 4 Pelosi spoke to Treasury Secretary Steve Mnuchin on Monday evening – with talks set to continue on TuesdayCredit: AP:Associated Press Pelosi and Mnuchin spoke at length on Monday evening, and talks are set to continue on Tuesday morning, Pelosi's spokesman Drew Hammill said. As House Democrats have raced ahead with their own partizan stimulus package over recent months, they have come up against strong GOP resistance. The current proposals...
    The Democrats on Monday released a new $2.2trillion COVID package, including second round of stimulus checks and $600 in extra unemployment.  House Speaker Nancy Pelosi said in a statement: 'It has been more than four months since House Democrats sent the GOP Senate $3.4 trillion in desperately needed coronavirus relief grounded in science and data, and Leader McConnell hit the pause button. 'In our negotiations with the White House since then, Democrats offered to come down a trillion dollars if Republicans would come up a trillion dollars. Then, we offered to come down $200 billion more, even as the health and economic crisis has worsened and the needs have only grown.' 
    NANCY Pelosi signaled on Sunday that stimulus checks are still possible this year as House Democrats work to push a new, smaller aid package. Pelosi, facing pressure from moderate Democrats, said another aid package with stimulus checks is still possible as the House Speaker works to push forward a $2.4 trillion package -- $1 trillion less than their original proposal. 1You could still get your stimulus checks this yearCredit: Getty Images - Getty Speaking with CNN’s Jake Tapper, Pelosi said that she believes a solution for the aid package can be reached amid her “good faith” conversations with Treasury Secretary Steve Mnuchin. “When I have a conversation with the Administration, it is in good faith.  I trust Secretary Mnuchin to represent something that can reach a solution and I believe we can come to an agreement,” Pelosi said. Earlier this month, Mnuchin indicated that the administration would not approve...
    Trump pledges to make Juneteenth federal holiday in bid for Black voters Recalled mushrooms likely linked to salmonella outbreak shipped to restaurants in more than 30 states Stocks Close Higher as Tech Rally Offsets Stimulus and Virus Worry Stocks finished Friday as tech shares rallied, overshadowing investors' doubts about passage of a new U.S. stimulus package and worries about a surge in coronavirus cases worldwide. © TheStreet Stocks Close Higher as Tech Rally Offsets Stimulus and Virus Worry The Dow Jones Industrial Average finished up 358 points, or 1.34%, to 27,173, the S&P 500 rose 1.6% and the tech-heavy Nasdaq rose 2.26%. Load Error Apple rose 3.8% and Tesla was up 5%. Despite Friday's gains, the Dow and S&P 500 recorded their fourth straight week of declines. Democrats in the House have begun drafting a stimulus proposal of about $2.4 trillion. The package is smaller...
    Breonna Taylors family attorney: Ky AGs investigation was a coverup UK supermarkets Tesco and Morrisons are rationing toilet paper and hand sanitizer as fears of panic buying return. One worker said their store was worse than a bad Christmas. Stocks Wobble Amid Stimulus Talk, Tech Moves Higher Stocks were mixed Friday as investors turned their attention to rumblings of a new stimulus package in the United States but cast doubts on the bill's passage. © TheStreet Stocks Wobble Amid Stimulus Talk, Tech Moves Higher The Dow Jones Industrial Average fell 9 points, or 0.03%, to 26,806, the S&P 500 rose 0.09% and the tech-heavy Nasdaq rose 0.69%. Load Error The S&P 500 remained on pace for its fourth straight week of declines. Democrats in the House have begun drafting a stimulus proposal of about $2.4 trillion. The package is smaller than a previous $3.4 trillion plan...
    Getty House Democrats are in the process of drafting a roughly $2.4 trillion coronavirus relief bill. House Democrats are drafting a $2.4 trillion coronavirus relief package after months of stalled negotiations between Congressional leaders. The bill incorporates additional extended federal unemployment benefits, another round of stimulus checks and funding for the Paycheck Protection Program, among other initiatives, according to Politico. It also serves as a last-ditch effort to reignite stimulus talks with the White House, the outlet added. While House Speaker Nancy Pelosi did not disclose the plan’s details, Politico confirmed that the California Democrat directed committee chairs to draft a smaller version of their previously proposed $3 trillion package. “We are still striving for an agreement,” Pelosi said to her team, the outlet continued, citing an inside source. “If necessary, we can formalize the request by voting on it on the House floor.” The House could potentially...
    Getty Could a second stimulus check be on its way? Get the details here. Millions of Americans received a coronavirus stimulus check earlier this year, and now, they’re wondering whether a second payment is on the horizon. With the election looming, the window for Republicans and Democrats to reach an agreement on the details of an economic relief package is closing. However, with millions of Americans out of work due to the economic distress brought on by the pandemic, many lawmakers are still pushing for a bill to be passed. As AS.com pointed out, the Senate is set to break on October 2, but is “prepared to postpone the start of its next break.” The House has already stated it would delay the start of its break until a deal is reached. Here’s what you need to know:Progress Has Been On the Total Cost of a PackageWhile the...
    WASHINGTON -- President Donald Trump parachuted into the coronavirus aid debate Wednesday, upbraiding his Republican allies for proposing too small of a relief package and encouraging both parties in Congress to go for a bigger one that would include his priority of $1,200 stimulus checks for most Americans.But his top GOP allies in the House and Senate shrugged off the president's mid-morning tweet for more aid. They also weighed in against a $1.5 trillion aid package backed by moderates in both parties that earned praise from the White House.Trump, by evening, dug in."I like the larger amount," Trump said during a press conference at the White House. "Some of the Republicans disagree, but I think I can convince them to go along with that."The president said he wants Americans to be given relief checks and thinks he's getting "closer" to a deal.Negotiations remain far apart. All the key players in...
    Massive federal spending meant to blunt the coronavirus’s economic impact could have long-term costs, experts say — meaning those stimulus checks might not be free money after all. Congress’s unprecedented stimulus measures coupled with the Federal Reserve’s aggressive efforts to shore up the economy could drive up inflation in the coming years, leaving Americans with less purchasing power over time, according to reports. Lawmakers have approved about $4 trillion in coronavirus-related stimulus spending, according to the Committee for a Responsible Federal Budget, while the Fed has injected trillions more into the financial markets and cut interest rates to near zero. Those efforts have been aimed at warding off deflation, a phenomenon in which consumers reduce their spending and prices for goods and services fall, financial educator Sahil Bloom told CNBC. But that deflation could turn into inflation — which drives up consumer prices and reduces the power of the...
    VIDEO1:2701:27Cramer: You want to be in the market if we get another stimulus packageSquawk on the Street CNBC's Jim Cramer said Thursday that investors will want to have money in the stock market if Congress approves another coronavirus relief bill.  "If we get a stimulus package and you're out of the market, you will feel awful," Cramer said on "Squawk on the Street." "I do feel the stimulus package is very hard to get. But if we do get it, you can't be out of this market."  Democrats and Republicans in Washington have been locked in a stalemate since late July after key provisions of the March $2.2 trillion CARES Act expired. The two sides are largely at odds over the scale and scope of an additional relief package, with Democrats favoring more expansive legislation while GOP negotiators have been pushing for a more limited bill.  President Donald Trump, who took some...
    Getty House Speaker Nancy Pelosi assured on Tuesday that her chamber would not leave for the November elections before agreeing upon another round of coronavirus relief, according to CNBC. The California Democrat’s comments come at a time when “centrist Democrats” are growing increasingly frustrated with their leader as she continues to remain inflexible on negotiations for another stimulus package between the White House and Senate Republican leaders, The New York Times reported. “We have to stay here until we have a bill,” Pelosi told lawmakers during a conference call on Tuesday morning, the newspaper said, citing two people “familiar with the remarks.” She then repeated her sentiments with CNBC shortly afterwards, expressing, “We are committed to staying here until we have an agreement that meets the needs of the American people.” Here’s what you need to know:House Democrats Are Urging Pelosi to Take Action on a Coronavirus Relief Bill,...
    Getty A bipartisan group of U.S. Home members unveiled a brand new stimulus bundle as a last-ditch effort to push lawmakers into reaching a call on one other spherical of coronavirus reduction earlier than the upcoming election. The Downside Solvers Caucus, which consists of 25 Home Democrats and 25 Home Republicans,publicized its roughly $1.5 trillion plan on Tuesday, in line with a web-based model of the proposal. The invoice requires as much as $2 trillion in extra help to the financial system and seeks to reignite the presently stagnant negotiations between legislators, stating: Having seen no progress on a brand new COVID-19 reduction bundle in 4 months, and in recognition of Individuals’ rising struggling, the Downside Solvers Caucus (PSC) has developed a complete, bipartisan framework to satisfy the nation’s wants for the following 6-12 months, that may go each chambers of Congress and...
    Getty A bipartisan group of U.S. House members unveiled a new stimulus package as a last-ditch effort to push lawmakers into reaching a decision on another round of coronavirus relief before the upcoming election. The Problem Solvers Caucus, which consists of 25 House Democrats and 25 House Republicans, publicized its roughly $1.5 trillion plan on Tuesday, according to an online version of the proposal. The bill calls for up to $2 trillion in additional aid to the economy and seeks to reignite the currently stagnant negotiations between legislators, stating: Having seen no progress on a new COVID-19 relief package in four months, and in recognition of Americans’ increasing suffering, the Problem Solvers Caucus (PSC) has developed a comprehensive, bipartisan framework to meet the nation’s needs for the next 6-12 months, that can pass both chambers of Congress and be signed into law by the President. If it...
    VIDEO3:2003:20Skinny deal is not a deal at all: Nancy PelosiSquawk on the Street House Speaker Nancy Pelosi said Tuesday morning that she remains opposed to Republican efforts to pass a smaller version of her party's stimulus plan despite the looming 2020 election and economic fallout from Covid-19. Asked by CNBC's Jim Cramer if she'd be willing to pass a "skinny" deal now and reconvene with Republicans on outstanding issues later, Pelosi fired back that "there is no later with this administration." "This is the opportunity. And the skinny deal is a Republican bill: That's not a deal at all," Pelosi said. "They're making a skinny — in fact, Chuck Schumer and I call it an emaciated — proposal for a massive problem." "We can fiscally spend the appropriate amount of money to meet the needs of the American people," she added. "And by the way: It's stimulus. We are a consumer...
    WASHINGTON -- Senate Democrats scuttled a scaled-back GOP coronavirus rescue package on Thursday as the parties argued to a standstill over the size and scope of the aid, likely ending hopes for coronavirus relief before the November election.The mostly party-line vote capped weeks of wrangling that gave way to election-season political combat and name-calling over a fifth relief bill that all sides say they want but are unable to deliver. The bipartisan spirit that powered earlier aid measures is all but gone.Democrats said the measure shortchanged too many pressing needs. Republicans argued it was targeted to areas of widespread agreement, but the 52-47 vote fell well short of what was needed to overcome a filibuster. All the present Democrats opposed it, while conservative Rand Paul, R-Ky., cast the only GOP "nay" vote. The Democratic vice presidential nominee, Kamala Harris, was campaigning in Miami and missed the vote."It's a sort of...
    Majority Leader Mitch McConnell is not confident there will be a deal with Democrats ahead of the election The Republican senators themselves do not agree on the amounts. Photo: NICHOLAS KAMM / . / . Senate Republicans are preparing to pass a much less ambitious recovery plan the one they presented a few weeks ago. They would do it without the Democrats, who have already forcefully opposite to funding of less than two trillion dollars. House Majority Leader Mitch McConnell was skeptical of the idea of ​​Congress reaching an agreement before November because, he said, “the spirit of cooperation that we had in March and April has dissipated as we get closer to the election“. The amount that the Republicans are shuffling is between $ 500,000 million and $ 700,000 million, as reported by Axios, which cites sources close to the negotiations....
    VIDEO14:4414:44Watch three experts break down the August jobs reportSquawk Box The sharp decline in the nation's unemployment rate to 8.4% in August should motivate Washington to break the stalemate over additional coronavirus stimulus to keep the economic recovery going, a former top Obama economic advisor told CNBC on Friday. "Part of why we saw this good [jobs] number in August was the extraordinary stimulus in the months leading up to it," said Jason Furman, who served as chairman of the Council of Economic Advisors during Barack Obama's presidency. If a deal between Democrats and Republicans on a new pandemic relief package were to remain elusive, an important tailwind to the economy "will not be there in September and October," he added. One of the sticking points on a new agreement — which would give the economy another boost after the record $2.2 trillion coronavirus aid package in March — has...
    President Trump supports a payment of $ 1,200, said Steve Mnuchin, the Secretary of the Treasury. Democrats and the White House have a budget gap for a new law of at least a trillion dollars. Photo: Samuel Corum / . There is still hope that Americans will receive a second stimulus check in late September, but the White House and Democrats need to close their differences on the bill on the trillion-dollar budget. On August 20, White House Chief of Staff Mark Meadows and Speaker of the House of Representatives Nancy Pelosi spoke for the first time since talks about a new coronavirus aid package that stalled on August 7th. Both parties know that a comprehensive project agreement is needed and Pelosi stands firm and said it still exists. a difference of $ 900 billion in project costs by both parties. Democrats...
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