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    President Biden said the latest job report showed employment gains were running too slowly and that his COVID-19 rescue plan was essential to restoring the economy. Employers added 379,000 jobs in February as the economy continued to strengthen after the impact of the pandemic last year, the Labor Department said on Friday. But speaking ahead of an economic briefing by Treasury Secretary Janet Yellen, Biden said: "Without a rescue plan, these gains are going too slow. We can't afford one step forward, two steps backward." Speaking in the Roosevelt Room at the White House, he added that the country still had 9.5 million fewer jobs than this time last year. ECONOMY BEAT EXPECTATIONS WITH 379,000 JOBS IN FEBRUARY "At that rate, it would take two years to get us back on track," Biden said. Meanwhile, senators were in the middle of a so-called vote-a-rama as they considered a mountain...
    WASHINGTON, D.C. – Ohio Sen. Rob Portman supports more relief for individuals and entities affected by the COVID-19 pandemic, but he wants to see changes made to the proposed American Rescue Plan Act. The American Rescue Plan, a $1.9 trillion COVID-19 relief and economic stimulus package, passed in the House of Representatives by a 219-212 vote mostly along party lines on Feb. 27. It’s now being debated in the Senate. Democrats hope to pass the legislation through reconciliation, a process that only would require 51 votes for approval. With Vice President Kamala Harris potentially acting as the tie-breaking vote, Democrats wouldn’t need any Republican votes to pass the bill. “I hope that we’ll be able to make some changes to the bill through some reasonable, thoughtful, bipartisan amendments,” Portman, a Republican from Cincinnati, said during a conference call with reporters Tuesday afternoon. “We’ll see. But overall I’m discouraged by the...
    President Joe Biden reportedly signed off on a proposal from Senate Democrats that would limit the total number of taxpayers who receive coronavirus stimulus payments through the American Rescue Plan. Several moderate Democratic senators, including West Virginia’s Joe Manchin, lobbied the White house to lower the yearly salary phase out thresholds lowered to $80,000 for individuals and $160,000 for joint filers, according to Bloomberg. The Trump-era CARES Act set the threshold at $100,000 for individuals and $200,000 for joint filers, but lawmakers from both parties had recently called for additional limits to be placed on the scope and size of this next round of checks. (RELATED: Senate To Vote On Biden’s Relief Package) WASHINGTON, DC – MARCH 2: U.S. President Joe Biden briefly speaks to reporters after delivering remarks in the State Dining Room of the White House on March 2, 2021 in Washington, DC. President Biden spoke about the...
    New York : Senate Majority Leader Chuck Schumer. Photo: Win McNamee / . This week, the Senate will discuss the approval of the third economic stimulus package that includes the $ 1,400 check. It will be from March 3 when senators will focus on the controversial project that faces criticism from some Democrats and several Republicans. “Tomorrow (March 3), the Senate will begin work on the United States Rescue Plan”, said the majority leader, Chuck schumer (New York). “As the country faces a series of historic challenges, we must meet the moment with a historic response.” Schumer made his comments in the full Senate, where he highlighted the need to approve the American Rescue Plan “To boost the economy and keep companies, families and workers in difficulty afloat.” He stressed that the increase in jobs in the country continues, due to the economic crisis due...
    (CNN)Here's a look at the 2010 rescue of 33 miners from a collapsed mine in the Atacama region of northern Chile.TimelineAugust 5, 2010 - A collapse of the main ramp into the San Jose mine leaves 33 miners trapped 2,300 feet underground. Emergency officials are unable to communicate with the trapped miners. August 6, 2010 - A statement from Chile's National Emergency Office says 130 people are working to rescue the miners. August 7, 2010 - Rescuers face a setback when another cave in blocks the path they were using to reach the miners. Chilean President Sebastian Pinera travels to Copiapo, where the mine is located, to meet with officials. Read MoreAugust 22, 2010 - The miners send up a note tied to a probe which was lowered by authorities earlier in the day. Written in red ink, it reads, "We are fine in the shelter, the 33 of...
    Miami : House Democrats approved a comprehensive $ 1.9 trillion COVID-19 package following a party line vote early Saturday morning. Bill 219-212 comes days after the death toll from the coronavirus in the United States exceeds 500,000, while variants of the virus remain a threat to contain the pandemic. In this regard, lawmakers hope to harness the momentum of vaccines gradually reaching people to end the global pandemic. Minimum wage in the United States also included in the Rescue Plan The new bill also includes an increase in the federal minimum wage from the current $ 7.25 to $ 15. However, the Senate ruled last Thursday that the minimum wage increase would not meet the budget rules required to pass bills under the reconciliation process, which Democrats are using so that their pandemic aid package is not subject to a Republican obstructionism in the upper house. . “Even if...
    President Biden is delivering remarks on his American Rescue Plan on Saturday, hours after the House narrowly approved the $1.9 trillion legislation. The bill now goes to the Senate, although it's unclear whether a provision on raising the federal minimum wage will be included in the final package. Two Democrats, Kurt Schrader of Oregon and Jared Golden of Maine, voted with Republicans in the 219-212 vote. Not one Republican voted for the bill. The legislation includes $1,400 in direct checks for Americans making under $75,000, a $400 per week supplemental unemployment bonus, money for vaccine distribution, and funding to aid schools and state and local governments.How to watch Biden remarks on COVID relief package What: President Biden delivers remarks on the American Rescue Plan, which the House passed early Saturday morning. Date: Saturday, February 27, 2021 Time: 11 a.m. ET Location: The White House, Washington, D.C....
    Highways that destroyed Black neighborhoods are crumbling. Some want to undo that legacy Stimulus checks, SSDI, SSI: Will you be eligible for a third payment, plus everything else to know House Democrats passed the $1.9 trillion American Rescue Plan early Saturday morning, which includes a provision for a third stimulus check worth up to $1,400 for taxpayers and each of their dependents. © Provided by CNBC Individuals earning an adjusted gross income (AGI) up to $75,000 (and married couples earning up to $150,000) will receive $1,400 each, plus $1,400 for each dependent. That means an eligible family of four will receive $5,600. Load Error After those income thresholds, the payments phase out. Individuals earning an AGI over $100,000 per year and couples earning over $200,000 will not receive a check. Unlike the previous two payments, adult dependents qualify for this round. A previous report from the American Enterprise Institute estimates...
            by Thomas Catenacci  Democrats aren’t allowed to attach a provision increasing the federal minimum wage to $15 per hour to their coronavirus relief package, a top Senate official ruled, according to reports. Senate parliamentarian Elizabeth MacDonough, who oversees the interpretation of the chamber’s rules and precedents, decided Thursday evening that the proposed minimum wage hike couldn’t be included in President Joe Biden’s American Rescue Plan under budget reconciliation, CNBC reported. MacDonough had held private meetings over the last week with Democrats and Republicans, hearing their arguments for or against keeping the measure. “We are deeply disappointed in this decision,” Senate Majority Leader Chuck Schumer said following the decision. “We are not going to give up the fight to raise the minimum wage to $15 to help millions of struggling American workers and their families. The American people deserve it, and we are committed to making it a reality.”...
    A year ago today, the Center for Disease Control and Prevention warned U.S. citizens to prepare for "disruption" from the coronavirus outbreak across American cities. And throughout the past 12 months, we have seen Americans make sacrifices and persevere in the fight against this virus.  The progress we have seen in our economy and in our efforts to stop the spread have been substantial. In April 2020, the unemployment rate for American workers stood at 14.7 percent. Today the unemployment rate is 6.3 percent. At the same time, new COVID-19 cases continue to plummet. Thanks to a historic, heroic undertaking by the Trump administration's Operation Warp Speed, 1.45 million Americans are now receiving a vaccine shot every day. These positive signs are improvements in the right direction towards getting Americans back to work, back to school, and back to health.  But there is no denying there is more work to...
    President Joe Biden was “disappointed” by Senate parliamentarian Elizabeth MacDonough’s decision not to include the framework to establish a national $15 minimum wage, White House press secretary Jen Psaki said Thursday night. “President Biden is disappointed in this outcome, as he proposed having the $15 minimum wage as part of the American Rescue Plan,” Psaki wrote in a statement. “He respects the parliamentarian’s decision and the Senate’s process. He will work with leaders in Congress to determine the best path forward because no one in this country should work full time and live in poverty.” (RELATED: Minimum Wage Increase Disallowed From Biden Rescue Plan, Senate Rules Official Says) WASHINGTON, DC – FEBRUARY 25: White House Press Secretary Jen Psaki speaks during a news briefing at the James Brady Press Briefing Room of the White House February 25, 2021 in Washington, DC. Psaki held a news briefing to answer questions from...
    Democrats aren’t allowed to attach a provision increasing the federal minimum wage to $15 per hour to their coronavirus relief package, a top Senate official ruled, according to reports. Senate parliamentarian Elizabeth MacDonough, who oversees the interpretation of the chamber’s rules and precedents, decided Thursday evening that the proposed minimum wage hike couldn’t be included in President Joe Biden’s American Rescue Plan under budget reconciliation, CNBC reported. MacDonough had held private meetings over the last week with Democrats and Republicans, hearing their arguments for or against keeping the measure. “We are deeply disappointed in this decision,” Senate Majority Leader Chuck Schumer said following the decision. “We are not going to give up the fight to raise the minimum wage to $15 to help millions of struggling American workers and their families. The American people deserve it, and we are committed to making it a reality.” Senate Majority Leader Chuck Schumer...
    Without waiting for the federal government to act, several US states have approved their own financial rescue packages, handing out hundreds of millions of dollars to businesses and individuals to withstand the impact of the coronavirus pandemic. Maryland and California recently approved aid for the poor, the unemployed, small businesses, and child care services. New Mexico and Pennsylvania have provided direct grants to small businesses, and the North Carolina governor is seeking local funds to pay for teachers and provide better internet services in rural areas. However, aid at the state level has served as an argument for those who argue that states do not need more federal assistance. The administration of President Joe Biden is trying to convince Congress to pass a $ 1.9 trillion rescue package for state and local governments. Local governors and legislators insist that the funds they have approved seek to ease the burden...
    A coalition of more than 150 corporate executives signed a letter endorsing President Joe Biden’s $1.9 trillion coronavirus stimulus package, CNN reported. The executives who signed the letter represent a range of top corporations in several industries from Goldman Sachs to Google to Comcast to American Airlines, according to CNN. The letter was addressed to several Republican and Democratic congressional leaders on Capitol Hill and is expected to be sent Wednesday. “Previous federal relief measures have been essential, but more must be done to put the country on a trajectory for a strong, durable recovery,” the executives wrote, CNN reported. “Congress should act swiftly and on a bipartisan basis to authorize a stimulus and relief package along the lines of the Biden-Harris administration’s proposed American Rescue Plan.” CEOs named on the letter include Goldman Sachs’ David Solomon, Blackstone’s Stephen Schwartzman, Google’s Sundar Pichai, Lyft’s John Zimmer, Comcast’s Brian Roberts and...
    More than 150 New York-based CEOs and other business leaders are expressing support for President BidenJoe BidenHoyer: House will vote on COVID-19 relief bill Friday Pence huddles with senior members of Republican Study Committee Powell pushes back on GOP inflation fears MORE's $1.9 trillion COVID-19 aid package, the American Rescue Plan. In a joint letter released by the Partnership for New York City on Wednesday, the CEOs of major brands including Zillow, McGraw-Hill and Squarespace called on congressional leaders to pass the plan immediately. "Previous federal relief measures have been essential, but more must be done to put the country on a trajectory for a strong, durable recovery. Congress should act swiftly and on a bipartisan basis to authorize a stimulus and relief package along the lines of the Biden-Harris administration’s proposed American Rescue Plan," the business executives wrote. "The American Rescue Plan mobilizes a national vaccination program, delivers economic relief to...
    Senate Majority Leader Chuck Schumer said the Senate will consider another Biden administration stimulus package shortly after it passes a $1.9 trillion COVID-19 spending bill. “I think we need to go further than just the American Rescue Plan,” Schumer, a New York Democrat, said. “We need a strong stimulus to get our long-term economy going.” The House is expected to vote this week on the $1.9 trillion package Democrats have labeled the American Rescue Plan. The Senate, Schumer said, will vote on the bill before mid-March. After that, he said, lawmakers would “very soon” consider a major “Build Back Better" infrastructure and jobs package proposed by President Biden during his 2020 campaign. “The Build Back Better Plan is something that I think we would turn to very soon after the American Rescue Plan is done,” Schumer said. Schumer said the legislation “should have big infrastructure, it should be green,...
    House Democrats on Friday released the text of the $1.9 trillion coronavirus relief package that they hope to pass by the end of the month. The mammoth legislation combines various measures from nine different House panels. The House Budget Committee will meet Monday to mark up the legislation. Democrats are rushing to advance the package, the first major piece of legislation put forward by President BidenJoe BidenDeath toll from winter weather rises to at least 40: AP On The Money: House panel spars over GameStop, Robinhood | Manchin meets with advocates for wage | Yellen says go big, GOP says hold off Top political donor sentenced to 12 years in prison for illegal campaign contributions MORE's administration. "President Biden’s American Rescue Plan takes a multipronged approach to tackle the public health and economic crises resulting from the COVID-19 pandemic," the Budget Committee said in a release. "This ambitious $1.9 trillion plan provides the resources needed to...
    WASHINGTON — A vote on President Biden’s big-spending $1.9 trillion coronavirus rescue package could happen by the end of the next week, House Speaker Nancy Pelosi said Thursday. With former President Donald Trump’s impeachment trial now over, the attention of Congress turns to passing Biden’s “American Rescue Plan,” which includes another round of $1,400 checks for eligible Americans and a boost to federal unemployment, among other provisions. Democrats have decided to ram the package through Congress using a rare tactic known as “budget reconciliation” which will allow them to bypass any Republican dissent and pass the bailout with a simple majority vote. Individual committees have been hammering out the details of the package, including a potential $15 minimum wage hike, before it is presented to the House floor. “That will then go to the Rules Committee for us to vote on sometime at the end of next week, is my...
    More On: nancy pelosi Pelosi demands subpoena power for Capitol riot commission Pelosi announces 9/11-style commission into Capitol siege House GOP demands Pelosi address Capitol riot security failures Politicians want answers about National Guard’s lengthy DC deployment WASHINGTON — A vote on President Biden’s big-spending $1.9 trillion coronavirus rescue package could happen by the end of the next week, House Speaker Nancy Pelosi said Thursday. With former President Donald Trump’s impeachment trial now over, the attention of Congress turns to passing Biden’s “American Rescue Plan,” which includes another round of $1,400 checks for eligible Americans and a boost to federal unemployment, among other provisions. Democrats have decided to ram the package through Congress using a rare tactic known as “budget reconciliation” which will allow them to bypass any Republican dissent and pass the bailout with a simple majority vote. Individual committees have been hammering out the details of the...
    PRESIDENT Joe Biden has unveiled his American Rescue Plan, a program that will fund families and communities who are struggling with the Covid-19 crisis. Biden and Vice President Kamala Harris will meet with labor leaders on Wednesday, February 17 at 3:30pm, to discuss the American Rescue Plan. 3President Joe BidenCredit: AP:Associated Press What is Biden's American Rescue Plan? Biden's emergency legislative package will fund vaccinations, provide immediate and direct relief to families suffering from the Covid-19 crisis, and support struggling communities. The president's plan will mount a national vaccination program, contain Covid-19 and safely reopen schools. The program will set up community vaccination sites nationwide, scale up testing and tracing, and providing paid sick leave to contain spread of the virus among other issues. The legislation will also tackle the necessary investments to meet Biden's goal of safely reopening a majority of the K-8 schools during his first 100 days...
    The Los Angeles County Fire Department's Urban Search and Rescue (USAR) team is still relying on lessons learned after the deadly Sylmar earthquake 50 years ago. The 210 USAR team members travel the globe, assisting other states and countries deal with major disasters, each experience adding to a wealth of knowledge they'll rely on when similar trouble strikes in Southern California."FEMA (Federal Emergency Management Agency) did a study of all the counties in the nation and, unfortunately, L.A. County was number one for the probability to have the most devastating and dangerous natural disasters," said Los Angeles County Fire Chief Daryl Osby.Osby talked with Eyewitness News atop the Devil's Gate Dam in La Canada-Flintridge, the oldest of the 14 dams managed by L.A. County. Lessons learned after the 1971 Sylmar earthquake and Northern California's Oroville Dam failure in 2017 have led to strict inspection and maintenance for all county dams.EMBED...
    PARIS (AP) — The French soccer league will ask the government to set up a financial rescue plan amid huge revenue losses caused by the coronavirus pandemic and the collapse of its television deal. The LFP, following a meeting of its board on Tuesday, called for an urgent meeting with government agencies, saying in a statement that “to date, losses already amount to more than 1 billion euros.” The urgent appeal comes despite the league securing a new deal with broadcaster Canal Plus to show matches in the top two divisions for the rest of the season. The agreement with Canal Plus was signed after the deal with Spanish-based broadcaster Mediapro collapsed. Overall revenue is 759 million euros ($920 million) instead of the 1.3 billion euros ($1.58 billion) originally budgeted by the clubs for the 2020-21 financial year, the league said. The league said these losses in TV income, combined...
    Loading the player... Treasury Secretary Janet Yellen said Sunday the country was still in a “deep hole” with millions of lost jobs, but that President Joe Biden’s $1.9 trillion relief plan could generate enough growth to restore full employment by next year. Republican senators argued that Biden’s proposal was too expensive and they cited criticism from Larry Summers, a treasury secretary under President Bill Clinton, that passage of the measure could run the risk of triggering runaway inflation. Summers also contended that Biden’s plan would make less money available for other initiatives such as improving the nation’s infrastructure. Yellen, a former Federal Reserve chair who is the first woman to lead the Treasury Department, said the central bank had the tools to handle any potential inflationary threat. She said the urgent need now was to deal with the problems raised by the pandemic-induced recession, such as joblessness, lost small...
    The US Senate passed a budget resolution that is a crucial step in the swift passage of President Joe Biden’s $ 1.9 trillion bailout plan, without Republican support. Vice President Kamala Harris chaired the session to overcome the tie with her vote. The economic stimulus includes support checks for $ 1,400. Democrats applauded when Harris announced the result, 51-50 in favor of the resolution, at around 5:30 a.m. During the session, which lasted all night, senators voted on amendments that would define the contours of the COVID-19 relief bill. The bill returns to the House of Representatives, which must approve it again with the changes introduced by the Senate. The final sanction will begin the next phase of project development, in charge of various commissions. Senate Majority Bloc Leader Democrat Chuck Schumer said the approval was “the first big step to get our country back on...
    Communities of color in this country have suffered the double whammy of being hit hardest by the coronavirus as a disease and by the economic impact of the pandemic, a reflection of the long-existing disparities in health and economic conditions in this country. The previous administration did nothing to address that crisis; if anything, it worked to deepen it. So it's particularly important to see that the Biden administration doesn't just recognize the issue—it's committed to solving it. To that end, Vice President Kamala Harris and Treasury Secretary Janet Yellen are meeting with the Black Chambers of Commerce in a Friday roundtable conversation. The initial rounds of aid to businesses, particularly with the Paycheck Protection Program, highlighted the disadvantages faced by businesses owned by women and people of color. (Disclosure: Kos Media received a Paycheck Protection Program loan.) PPP was structured to give out loans that were larger than many of these business need,...
    President Joe Biden is meeting with congressional Democrats Friday morning to discuss next steps in passing the president's $1.9 trillion coronavirus relief proposal, after the Senate narrowly passed a budget resolution early Friday morning — a key step toward approving the bill without any Republican support. Vice President Kamala Harris cast the tie-breaking vote in passing the budget resolution around 5:30 a.m. after a lengthy "vote-a-rama" on dozens of amendments. Passing the resolution was an important step in the process known as budget reconciliation, which allows legislation to pass in the Senate with only a simple majority instead of the typical 60-vote threshold. The House passed the budget resolution earlier this week.How to watch Biden and Harris discuss the American Rescue Plan today What: President Joe Biden and Vice President Kamala Harris discuss the American Rescue Plan and Mr. Biden makes remarks on the state of the U.S. economy...
    (CBS Tampa) – Local law enforcement agencies all over Tampa Bay are preparing for Super Bowl weekend, by increasing police presence and making sure teams know what they will be patrolling. Fire and Rescue Officials say they will be out on the water all weekend long, making sure there are no terrorist threats and making sure everyone who is out on the water having a good time is safe. Barbara Tripp, Interim Tampa Fire Rescue Chief says “It’s a good idea to have eyes everywhere: on the water, on land, and air.” That’s exactly what local agencies across the Tampa Bay Area are trying to achieve this weekend. “We are partnered with Hillsborough County as well as Pasco County and Pinellas County,” said Tripp. Tripp, says you will see more safety and security teams all over the area over the next several days. “We have our bike medics, who will...
    More On: economy Young people think Biden will lead US out of recession, poll finds US workers file 847,000 new jobless claims as pandemic rages on Job losses from COVID much worse than 2009 financial crisis, UN says Syria floats new bank note amid soaring inflation WASHINGTON — The US economy will bounce back to its pre-pandemic size by the middle of the year without any emergency stimulus, the US Congressional Budget Office projected Monday. The report throws a monkey wrench into President Biden’s push to pass an enormous $1.9 trillion rescue plan ahead of a meeting with 10 Republican lawmakers at the White House on Monday evening after they presented their own more modest proposal. The nonpartisan federal agency paints an optimistic forecast following a year-long fight with the coronavirus with has killed 441,000 Americans, put millions out of work, and shuttered large swaths of the US economy. The...
    Loading the player... Washington, D.C. is in the grips of a snowstorm with more to come into Tuesday — but the work at the White House continues. President Joe Biden and Vice President Kamala Harris are scheduled to host Republican Senators at 1600 Pennsylvania Avenue to talk about the next COVID-19 relief package later this evening.  The Biden administration’s American Rescue Plan has a price tag of $1.9 trillion. Read More: Biden nominees break down American Rescue Plan’s impact on Black communities Domestic policy advisor, Ambassador Susan Rice, tells theGrio that the initiative is meant “to tackle the COVID crisis,” adding “It’s money for vaccines, it’s money for testing, it’s money to reopen schools safely. It’s money for Americans who suffered from this. “ Domestic Policy Advisor Susan Rice speaks during the daily press briefing at the White House on January 26, 2021 in Washington, DC. (Photo by...
    (CNN)President Joe Biden will on Monday meet with 10 Republican senators who have drawn up a smaller counter-proposal to his $1.9 trillion Covid-19 rescue plan in the most critical test yet of his core promise to forge unity over bitter partisan lines.But hopes for a rare bipartisan deal at the start of a new administration still look doubtful because the offer pushed by Republican Sen. Susan Collins of Maine and her colleagues has a potentially fatal catch. It is less than a third of the size of the economic shock treatment the White House says the nation needs.Biden's original legislation proposes direct payments to most Americans and extends unemployment benefits until September as it seeks to plug a huge hole in the economy caused by the pandemic. It also raises the federal minimum wage to $15 an hour, fulfilling a major campaign promise. The plan provides hundreds of billions of...
    (CBS Detroit) — A third stimulus check can’t come fast enough for some people. The pandemic rages on, leaving a trail of suffering and economic destruction. COVID case numbers keep climbing; unemployment remains historically high. More help has been promised, in the form of a $1.9 trillion economic relief package known as the American Rescue Plan. It would include a $1,400 stimulus payment, higher unemployment insurance, an expanded child tax credit and much more if passed in its proposed form. But that’s a big if. What’s in the relief package, and how soon could aid reach those in need? The American Rescue Plan aims to stop the worsening COVID-19 pandemic and prop up the economy that it continues to ravage. The Plan has three main thrusts: $400 billion to stop the advance of COVID and improve the nation’s vaccination capacity; $1 trillion to financially support struggling families and $440 billion...
    President Biden is among those who believe that raising the federal minimum wage to $15 per hour is what's needed to bring the lowest-paid Americans out of poverty. "No one in America should work 40 hours a week making below the poverty line," he said Friday. "Fifteen dollars gets people above the poverty line." It's a platform he ran on in 2020 and it's part of his American Rescue Plan to tackle the pandemic and resuscitate the economy. But the provision is already encountering resistance, with lawmakers disagreeing about how to address the pandemic's worst economic effects. Critics argue that raising the minimum wage wouldn't help the economic recovery. When Mr. Biden's plan was released, Florida Senator Rick Scott, a Republican, declared that a $15 minimum wage would "kill our small businesses." The U.S. Chamber of Commerce, which praised the plan overall, also took issue with the wage boost. ...
    President Biden is among those who believe that raising the federal minimum wage to $15 per hour is what's needed to bring the lowest-paid Americans out of poverty. "No one in America should work 40 hours a week making below the poverty line," he said Friday. "Fifteen dollars gets people above the poverty line." It's a platform he ran on in 2020 and it's part of his American Rescue Plan to tackle the pandemic and resuscitate the economy. But the provision is already encountering resistance, with lawmakers disagreeing about how to address the pandemic's worst economic effects. Critics argue that raising the minimum wage wouldn't help the economic recovery. When Mr. Biden's plan was released, Florida Senator Rick Scott, a Republican, declared that a $15 minimum wage would "kill our small businesses." The U.S. Chamber of Commerce, which praised the plan overall, also took issue with the wage boost. ...
    More On: joe biden Biden to ‘speed up’ putting Harriet Tubman on $20 bill No clue: Biden administration can’t say how many COVID-19 vaccines US has in reserve China’s Xi takes a shot at Biden during Davos address Hedge fund billionaire warns inequality in US may spur ‘terrible civil war’ Secretary of Health and Human Services-designate Xavier Becerra is walking back President Biden’s comments that there is “nothing we can do to change the trajectory of the pandemic” in the coming months. Speaking to CNN’s “State of the Union” on Sunday, Becerra made the remarks after being asked about the commander-in-chief’s remark on Friday. “I believe President Biden made it very clear, the plane is in a nosedive, and we gotta pull it up. And you’re not going to do that overnight,” the HHS nominee said, adding that, “But we’re gonna pull it up, we have to pull it...
    Bloomberg Inflation in Mexico accelerates in January due to fuels (Bloomberg) – Mexico’s annual inflation accelerated more than expected at the beginning of the year, as the central bank considers resuming its cycle of interest rate cuts. Consumer prices rose 3.33% in the first fortnight. January compared to the same period of the previous year, which compares with 3.08% in the second half of December, the National Institute of Statistics and Geography (INEGI) reported on Friday on its website. The figure was higher than the median estimate of 3.25%, according to a Bloomberg survey. Prices rose 0.51% from the previous fortnight, compared to the 0.42% increase that economists had projected. The central bank’s target for inflation is 3%, plus or minus 1 percentage point. Key facts The central bank of Mexico, known as Banxico, will decide next month at its first meeting of the year whether to resume a cycle...
    New York (CNN Business)Former Trump economic adviser Kevin Hassett broadly supports President Joe Biden's $1.9 trillion rescue package as a way to keep the coronavirus-ravaged economy afloat."They've thrown a lot of stimulus at it," Hassett told CNN Business on Thursday, "but I think we need to be risk averse." The former Trump administration official fears that without more aid from Washington, the worsening pandemic will cause the US economy to suffer a repeat of the first quarter of last year, when GDP shrank by 5%We made it through last year without a total, utter collapse of GDP because of extremely aggressive stimulus." economist Kevin Hassett"There are so many businesses treading water, barely hanging on. Now they are getting hit by another shock," said Hassett, who served as Trump's top economic adviser from 2017 to 2019 before returning in a voluntary role in March of last year. "You could end up...
    New York : The path is clear for new president Joe Biden’s economic team. The legislature that began on Wednesday, January 20, has two fundamental and urgent tasks on its economic agenda starting from day one, “rescue first and rebuild later.” In an economy prey to COVID, the first thing on the agenda is to get the country out of the crisis with the aid package for citizens, companies and local governments, as well as a rapid vaccination strategy. It is the rescue. The second thing is to start your schedule called Build Back Better with special emphasis on infrastructure, innovation, research and development and clean energy. The new president will undo much of what the Donald Trump Administration has done, especially in matters of labor rights, alternative energy, foreign trade (import tariffs), consumer protection and taxation, among other matters. The ultimate goal is to reverse the growing trend...
    New York Governor Andrew Cuomo faced backlash on Tuesday after revealing a proposal for a $130million recovery program for restaurants, the arts and other businesses adversely affected by the COVID-19 pandemic. New Yorkers called out Cuomo for offering 'peanuts' after he closed indoor dining throughout the winter - while acknowledging that the main culprit of the coronavirus spread is gatherings in homes and not bars and restaurants. It comes despite the restaurant industry alone having to pay $10.7billion in wages across New York City in 2019, according to the office of the State Comptroller.  Many hit back on social media, calling on the governor to 'open them' instead of forcing businesses to wait on credit that may not be approved for another three months - if accepted at all – and wouldn't come into effect until next year. Cuomo unveiled the state's Pandemic Recovery and Restart Program as part of...
    New York : NY.- He ‘rescue plan’ of COVID presented by the president-elect Joe Biden, it will be ‘very good’ for NY, since it would provide more than $ 50 billion in direct aid for the state, said this Sunday the Senator Charles Schumer. Schumer, who will become the Senate Majority Leader this week, announced in an appearance with the also Democratic senator from New York, Kirsten gillibrand, which will drive the rescue plan so that it can provide relief as soon as possible. Schumer and Gillibrand anticipated that they will redouble efforts for the recovery of the state by optimizing the legislative framework of the COVID ‘rescue plan’ presented by President-elect Joe Biden. According to Schumer, the funds would be delivered in the form of unemployment benefits for those still out of work, direct cash payments to struggling families, resources to keep small businesses and nonprofits afloat,...
    Wild beat regulation buzzer, then win in OT to stun Kings Protest live updates: State capitols tighten security, DC locks down; heavily armed man arrested with unauthorized inauguration ID Biden’s $1.9-trillion COVID-19 rescue plan is a ‘lifeline’ for millions of Americans KEY WORDS ‘President-elect Biden’s relief and recovery proposal would be a lifeline to workers and their families.’ — Josh Bivens, director of research at the EPI President-elect Joe Biden said he will call for $1,400 stimulus checks and more vaccine funds in a $1.9-trillion coronavirus economic relief package when he takes office this month. Load Error Analysts say that after the proposal, which was released this week, is debated in Congress, the final COVID-19 rescue package is unlikely to be as generous as currently proposed, but analysts say it couldn’t have a come a moment too soon for millions of Americans. The government’s unemployment rate hovered...
    Getty Pandemic Unemployment Assistance (PUA) recipients must meet a new requirement. President-elect Joe Biden has proposed a COVID-19 stimulus relief plan that would give qualifying Americans an extra $400 a week in extra unemployment benefits. However, how long would Biden’s extra $400 last? The answer is September 30, 2021 – at least. The extra benefits previously approved are set to expire on March 14, according to Yahoo Money. The extra benefits are in addition to unemployment benefits given out by states. In addition, Biden is wants to send an additional $1,400 in stimulus checks to qualifying Americans. That would be in addition to the $600 that Americans already received, adding up to $2,000 total. The proposals came in a prime-time address by Biden, who rolled out the “America Rescue Plan.” His stimulus proposal would total $1.9 trillion.Biden also wants to increase the minimum wage to $15 per hour....
    Torinos home drought continues with draw against 10-man Spezia The best hole-in-the-wall diner in each state For some, Biden’s $1.9 trillion COVID-19 rescue plan is a ‘lifeline’ — and couldn’t come a moment too soon KEY WORDS ‘President-elect Biden’s relief and recovery proposal would be a lifeline to workers and their families.’ — Josh Bivens, director of research at the EPI On Thursday evening, President-elect Joe Biden said he will call for $1,400 stimulus checks and more vaccine funds in a $1.9-trillion coronavirus economic relief package when he takes office this month. Load Error Analysts say that after the proposal is debated in Congress, the final COVID-19 rescue package is unlikely to be as generous as currently proposed, but analysts say it couldn’t have a come a moment too soon for millions of Americans. The government’s unemployment rate hovered at 6.7% in December, and the number of...
    Bellator free fight: Denise Kielholtz blitzes Kate Jackson at Bellator 247 in Milan The Best and Worst Foods for Your Eyes Biden’s ‘rescue America’ plan is big. How its trillions could help both Wall Street and Main Street © Angela Weiss/Agence France-Presse/Getty Images MARKET SNAPSHOT Load Error As Americans hunker down and wait to get vaccinated, the toll of the coronavirus pandemic keeps rising. Its costs, both in lives and livelihood, prompted President-elect Joe Biden on Thursday to propose another $1.9 trillion “first step” spending package to help combat the carnage of the pandemic, even before he takes office next week. But as Washington gears up to debate another big relief initiative, hand-wringing on Wall Street has already begun as investors worry the bull-market for stocks could be threatened by an economy that might overheat and cause borrowing costs to rise, while also potentially saddling the U.S. with...
    Wisconsin vs. Rutgers odds, line: 2021 college basketball picks, Jan. 15 predictions from proven model Make the Most Out Of Your Air Fryer With These Cookbooks For some, Biden’s $1.9 trillion COVID-19 rescue plan is a ‘lifeline’ — and wouldn’t come a moment too soon KEY WORDS ‘President-elect Biden’s relief and recovery proposal would be a lifeline to workers and their families.’ — Josh Bivens, director of research at the EPI On Thursday evening, President-elect Joe Biden said he will call for $1,400 stimulus checks and more vaccine funds in a $1.9-trillion coronavirus economic relief package when he takes office this month. Load Error One note of caution: Analysts say that after the proposal is debated in Congress, the final COVID-19 rescue package is unlikely to be as generous as currently proposed. The government’s unemployment rate hovered at 6.7% in December, and the number of unemployed workers...
    What we know about potential protests ahead of Joe Bidens inauguration Joe Biden to shore up Affordable Care Act after Trump assault on health law Stocks Fall as Biden Lays Out Rescue Plan and Bank Shares Slide © TheStreet Stocks Fall as Biden Lays Out Rescue Plan and Bank Shares Slide Stocks declined Friday as President-elect Joe Biden unveiled a $1.9 trillion Covid-19 relief package, big banks kicked off earnings season and U.S. retail sales were worse than expected. The Dow Jones Industrial Average fell 269 points, or 0.87%, to 30,721, the S&P 500 declined 0.82% and the Nasdaq was down 0.69%. Stocks tumbled in the last hour of trading Thursday. The Dow and Nasdaq had set intraday record highs during the session. Biden's "American Rescue Plan" includes $1,400 checks for individuals, on top of $600 provided in the last relief bill. Other elements of the plan...
    Man Utd targeting upset win at Liverpool, says Solskjaer Your Partner’s Venus Sign Is Like a Blueprint for Relationship Success—Here’s How To Use It Stocks Fall as Biden Lays Out Rescue Plan and Bank Shares Slip © TheStreet Stocks Fall as Biden Lays Out Rescue Plan and Bank Shares Slip Stocks declined Friday as President-elect Joe Biden unveiled a $1.9 trillion Covid-19 relief package, big banks kicked off earnings season and U.S. retail sales were worse than expected. The Dow Jones Industrial Average fell 178 points, or 0.57%, to 30,813, the S&P 500 declined 0.32% and the Nasdaq was up 0.03%. Stocks tumbled in the last hour of trading Thursday. The Dow and Nasdaq had set intraday record highs during the session. Biden's "American Rescue Plan" includes $1,400 checks for individuals, on top of $600 provided in the last relief bill. Other elements of the plan include...
    Getty A roll of stimulus checks being prepared. President Elect Joe Biden is proposing sending an additional $1,400 in stimulus checks to qualifying Americans. That would be in addition to the $600 that Americans already received, adding up to $2,000 in all. The $2,000 figure is the amount that Senate Republicans blocked but President Donald Trump and House Speaker Nancy Pelosi supported in the days leading up to the George runoff elections. Only the $600 compromise amount made it through the Senate. The proposal came in a prime-time address by Biden, who rolled out the “America Rescue Plan.” His stimulus proposal would total $1.9 trillion. Biden also wants to give people an additional $400 in weekly unemployment benefits. Biden also wants to increase the minimum wage to $15 per hour. He needs both houses of Congress to get the measures through; after the runoff elections are certified, the...
    WASHINGTON (KDKA) – President-elect Joe Biden has come up with a plan that has a lot of money going towards families who need financial support. But there’s also money going to small businesses that have really struggled during the pandemic. It was last evening when Biden announced his $1.9 trillion dollar Coronavirus Economic Relief plan— which is being referred to as his “American Rescue” Plan. It calls for an additional $1,400 in stimulus checks for Americans, on top of the $600 that’s already been approved, bringing the total stimulus to $2,000. “We will finish the job of getting a total of $2,000 in cash relief to people who need it the most. The $600 already appropriated is simply not enough,” said President-elect Joe Biden. Locally, Pennsylvania members of Congress are split on the idea of $2,000 stimulus checks. Billions of dollars in the plan will also...
    NBA photo of the day: Best of the 2020-21 season If You Have These Conditions, Your COVID Vaccine May Be Less Effective ‘Lifeline to workers’: For some, Biden’s $1.9 trillion COVID-19 rescue plan wouldn’t come a moment too soon KEY WORDS ‘President-elect Biden’s relief and recovery proposal would be a lifeline to workers and their families.’ — Josh Bivens, director of research at the EPI On Thursday evening, President-elect Joe Biden said he will call for $1,400 stimulus checks and more vaccine funds as part of a $1.9 trillion COVID-19 relief plan. Load Error “President-elect Biden announced a proposed relief and recovery package that provides relief that is commensurate with the scale of the economic challenge facing the United States, due to the harm caused by the COVID-19 pandemic,” said Josh Bivens, director of research at the Economic Policy Institute, a progressive think tank. The government’s unemployment rate...
    Giles Jr. leads Saint Francis (Pa.) past Bryant 89-82 Major mistakes people make after losing a spouse ‘Lifeline to workers’: For some, Biden’s $1.9 trillion COVID-19 rescue plan isn’t coming a moment too soon KEY WORDS ‘President-elect Biden’s relief and recovery proposal would be a lifeline to workers and their families.’ — Josh Bivens, director of research at the EPI On Thursday evening, President-elect Joe Biden said he will call for $1,400 stimulus checks and more vaccine funds as part of a $1.9 trillion COVID-19 relief plan. Load Error “President-elect Biden announced a proposed relief and recovery package that provides relief that is commensurate with the scale of the economic challenge facing the United States, due to the harm caused by the COVID-19 pandemic,” said Josh Bivens, director of research at the Economic Policy Institute, a progressive think tank. The government’s unemployment rate hovered at 6.7% in December,...
    Mychal Givens, Rockies agree to one-year, $4.05M deal to avoid arbitration Is renters insurance worth it? ‘Lifeline to workers’: Why Biden’s $1.9-trillion COVID-19 rescue plan has NOT come a moment too soon KEY WORDS ‘President-elect Biden’s relief and recovery proposal would be a lifeline to workers and their families.’ — Josh Bivens, director of research at the EPI On Thursday evening, President-elect Biden said he will call for $1,400 stimulus checks and more vaccine funds as part of a $1.9-trillion COVID-19 relief plan. Load Error “President-elect Biden announced a proposed relief and recovery package that provides relief that is commensurate with the scale of the economic challenge facing the United States, due to the harm caused by the COVID-19 pandemic,” said Josh Bivens, director of research at the Economic Policy Institute, a progressive think tank. The government’s unemployment rate hovered at 6.7% in December, and the number...
    Can Uncle Sam tax, spend, borrow and print money to return America to prosperity? President-elect Joe Biden’s "American Rescue Plan," announced Thursday night, makes a $1.9 trillion bet that we can. The Biden plan is almost a replay — except with more than twice the price tag — of the strategy that President Barack Obama and then-Vice President Biden employed in 2009 with their $900 billion "stimulus" bill. Even by Obama’s own numbers, that bill led to hundreds of thousands of fewer jobs than if we had done nothing. So now here we go again with a second kick of the mule. Actually, it is the third, fourth or fifth kick. Trump and Congress have already approved nearly $3 trillion on pandemic spending. The Biden proposal would bring the total spending for the pandemic to about $5 trillion. BIDEN PROPOSES SPENDING $1.9 TRILLION AS HE UNVEILS ‘RESCUE PLAN’ FOR AMERICA What...
    PRESIDENT-ELECT Joe Biden on Thursday night unveiled a $1.9trillion Covid-19 rescue plan to speed up the country’s response to the pandemic and boost the economy.  The package includes $415billion to push faster rollout of Covid-19 vaccines and combat the virus, and about $440 billion for small businesses and communities devastated by the pandemic. 1President-elect Joe Biden unveiled a Covid rescue planCredit: Twitter Most read in News'SICK OF IT!'Note from neighbours asks woman to stop 'screaming like a pig' during sexMAGA LOVECapitol rioter who died in DC 'was in throuple with ex-Marine hubby & live-in GF'Exclusive'STAY VIGILANT'Son's agony over death of dad, 85, who got Covid days after first jab doseSECRET MESSAGE CONSPIRACYDesperate QAnon fans claim Trump spoke to them in MORSE CODESICKENINGMan, 31, killed partner's 12-week-old boy after shaking baby & smashing his headKNIFE ATTACKRetired surgeon fighting for life after burglars stabbed him during home raid More to follow... For...
    (CNN)Bigger stimulus checks. More aid for the unemployed, the hungry and those facing eviction. Additional support for small businesses, states and local governments. Increased funding for vaccinations and testing.These are key parts of a $1.9 trillion proposal that President-elect Joe Biden plans to unveil Thursday evening.Billed as the American Rescue Plan, the package augments many of the measures in Congress' historic $3 trillion coronavirus relief bill from March and in the $900 billion legislation from December, which was scaled back to garner support from Senate Republicans.Now that Democrats control both chambers and the White House, Biden is pushing for the big steps he says are needed to address immediate needs and control the coronavirus pandemic. He also plans to lay out an economic recovery plan in coming weeks that aims to create jobs and combat the climate crisis, among other measures.Here's what's in the American Rescue Plan:Read MoreBeefed-up stimulus paymentsThe...
    LISBON, Portugal (AP) — Portugal’s government unveiled Friday a 3.4 billion-euro ($4.1 billion) rescue package for national airline TAP Air Portugal that entails more than 3,500 job losses — around one-third of the workforce. The plan, which requires the blessing of European Union authorities, also foresees a payroll cut of up to 25% by lowering wages. If approved, 500 pilots, 750 cabin crew and 750 ground crew will be laid off. Another 1,600 short-term contracts aren’t being renewed at the company, which currently has around 10,000 employees. The fleet is to be cut from 108 to 88 aircraft. The government predicts the flag carrier, in which the Portuguese state has a 72.5% stake, will lose revenue of 6.7 billion euros ($8 billion) through 2025. TAP lost more than 700 million euros ($849 million) in the first nine months of this year as the COVID-19 pandemic crunched the travel business. It...
    LISBON – Portugal’s government unveiled Friday a 3.4 billion-euro ($4.1 billion) rescue package for national airline TAP Air Portugal that entails more than 3,500 job losses — around one-third of the workforce. The plan, which requires the blessing of European Union authorities, also foresees a payroll cut of up to 25% by lowering wages. If approved, 500 pilots, 750 cabin crew and 750 ground crew will be laid off. Another 1,600 short-term contracts aren’t being renewed at the company, which currently has around 10,000 employees. The fleet is to be cut from 108 to 88 aircraft. The government predicts the flag carrier, in which the Portuguese state has a 72.5% stake, will lose revenue of 6.7 billion euros ($8 billion) through 2025. TAP lost more than 700 million euros ($849 million) in the first nine months of this year as the COVID-19 pandemic crunched the travel business. It saw a...
    Regal Cinemas owner Cineworld, the world’s second-largest movie theater operator, is considering a rescue deal that could spur permanent UK cinema closures. The deal, dubbed “Company Voluntary Arrangement,” would help the company weather the pandemic by restructuring and renegotiating its growing $8.2 billion pile of debt. Cineneworld has hired restructuring experts AlixPartners to help with the plan, according to the Financial Times, which first reported the news. In order to remain in business, Cineworld said last month that it would temporarily close all of its UK and US theaters until early 2021, a move it blamed on the continued postponement of blockbusters into next year. Now, permanent shuttering of some of its 126 UK cinemas, including the Picturehouse chain, is now reportedly being considered as part of the new plan. Cineworld is also renegotiating leases for rent reductions with individual landlords, the report said. Cinemark posted a huge loss...
    Virgin Atlantic completed its 1.2 billion-pound ($1.6 billion) restructuring plan and cut 1,150 jobs Friday as the airline sought to rebuild following the devastation caused by the COVID-19 pandemic. The deal had been approved by the High Court in London earlier this week, and was formally recognized by a US court — the last step in the legal process in the long-haul carrier’s efforts to rebuild its balance sheet and to emerge from the crisis. It cut jobs as it announced it was putting the plan into place and further downsizing across the business. “After the sacrifices so many of our people have made, further reducing the number of people we employ is heart-breaking but essential for survival,” Virgin Atlantic CEO Shai Weiss said. “I truly hope that as demand returns, we will see many members of our team returning to us.” Aviation has been devastated by the spread...
    LONDON -- Virgin Atlantic completed its 1.2 billion-pound ($1.6 billion) restructuring plan and cut 1,150 jobs Friday as the airline sought to rebuild following the devastation caused by the COVID-19 pandemic.The deal had been approved by the High Court in London earlier this week, and was formally recognized by a U.S. court - the last step in the legal process in the long-haul carrier's efforts to rebuild its balance sheet and to emerge from the crisis. It cut jobs as it announced it was putting the plan into place and further downsizing across the business."After the sacrifices so many of our people have made, further reducing the number of people we employ is heart-breaking but essential for survival," Virgin Atlantic CEO Shai Weiss said. "I truly hope that as demand returns, we will see many members of our team returning to us."Aviation has been devastated by the spread of the...
    PARIS (AP) — Facing resurgent virus infections, France’s government is unveiling details Thursday of a 100 billion-euro ($118 billion) recovery plan aimed at creating jobs, saving struggling businesses and pulling the country out of its worst economic slump since World War II. Prime Minister Jean Castex said on RTL radio ahead of the presentation that the plan hopes to create 160,000 jobs next year and restore France’s economic growth levels of 2019 by 2022 — the year of France’s next presidential elections. Called “France Reboot,” the plan includes money for renovating buildings and boosting rail use to reduce emissions. France reported more than 7,000 virus cases Thursday, the highest daily rate in Europe and well above the several hundred cases a day in May and June, when France was emerging from strict lockdown and testing less. The number of people in intensive care with the virus is slowly edging up,...
    LONDON (AP) — Virgin Atlantic’s 1.2 billion-pound ($1.6 billion) restructuring plan was approved Wednesday by the High Court in London, allowing the international airline to continue rebuilding its operations after the devastation caused by the coronavirus pandemic. The deal, which has already been approved by creditors, must now be confirmed in the U.S. courts. The airline announced the refinancing package in July to ensure its survival after passenger numbers dropped 98% in the second quarter. It includes 600 million pounds of support from the airline’s owners, Virgin Group and Delta Airlines, 450 million pounds of deferred payments to creditors and 170 million pounds of financing from U.S.-based Davidson Kempner Capital Management LP. Virgin Atlantic, founded in 1984 by Richard Branson’s Virgin Group, has already cut 3,550 jobs, shuttered operations at London’s Gatwick Airport and announced plans to retire 11 aircraft as it seeks to weather the slowdown in air...
    John Thompson spoke truth to power when it was hard to do Do you know your state fish? India’s Top Court Approves 10-Year Rescue Plan for Telcos (Bloomberg) -- India’s top court approved a 10-year payment plan for telecom companies to clear combined back-fees worth 1.4 trillion rupees ($19 billion), a ruling that comes as only a partial relief for cash strapped Vodafone Idea Ltd. Load Error The Supreme Court on Tuesday rejected the 20-year payment timeline as proposed by Prime Minister Narendra Modi’s administration and supported by telecom companies, but allowed the federal government to collect the amount in installments. The three-judge panel headed by Justice Arun Mishra said 10% of the dues must be paid in the first tranche. While the ruling is not the most desired option, it is still a relief for operators such as Bharti Airtel Ltd. and Vodafone Idea. Vodafone is particularly...
    Man with alleged Boogaloo ties charged with threatening health official Walmart to launch its membership program, Walmart+, in mid-September Supreme Court Approves 10-Year Rescue Plan for Indian Telcos (Bloomberg) -- India’s top court approved a 10-year payment plan for telecom companies to clear combined back-fees worth 1.4 trillion rupees ($19 billion), a ruling that comes as only a partial relief for cash strapped Vodafone Idea Ltd. Load Error The Supreme Court on Tuesday rejected the 20-year payment timeline as proposed by Prime Minister Narendra Modi’s administration and supported by telecom companies, but allowed the federal government to collect the amount in installments. The three-judge panel headed by Justice Arun Mishra said 10% of the dues must be paid in the first tranche. While the ruling is not the most desired option, it is still a relief for operators such as Bharti Airtel Ltd. and Vodafone Idea. Vodafone is...
    As we went into the weekend, Senate Majority Leader Mitch McConnell had washed his hands of the negotiations over the vitally necessary COVID-19 relief package, leaving Treasury Secretary Steve Mnuchin and former Tea Party zealot turned White House chief of staff Mark Meadows to try to hash out a deal. Word was that the Democrats had come down from their demand for $3 trillion in various relief programs to $2 trillion, while the White House stuck to its offer of $1 trillion and not a penny more. By Friday, the Senate was going home and the talks had irretrievably stalled. Then along came an unmasked superhero to the rescue. President Trump announced he was personally taking charge and would sign several executive orders to save the unemployed and rescue the economy. If you didn’t know better, you might even think his henchmen Mnuchin and Meadows had blown up the talks just so the boss could...
    RICHARD Branson's Virgin Atlantic has filed for bankruptcy protection as its revealed the airline may run out of cash next month. The last gasp bid comes after Virgin Australia fell into administration earlier this year as the coronavirus pandemic grounded international flights. ⚠️ Read our coronavirus live blog for the latest news & updates 3Richard Branson's airlines are feeling the pinch due to the pandemicCredit: EPA Virgin Atlantic has filed for bankruptcy protection in the US as Branson tries to nail down a £1.2billion rescue plan. It came just hours after the company told a court in London it could be forced to fold as early as next month. The Virgin Group airline filed for Chapter 15 bankruptcy protection in the Southern District of New York on Tuesday. The court filing means it is protected from the US bankruptcy courts, and signals to them about rescue plans underway abroad. Branson's flights...
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