2020-11-24@04:04:52 GMT
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    MINNEAPOLIS (WCCO) — Minnesota Gov. Tim Walz says that he intends to announce a major state relief plan to help small businesses and the hospitality industry during the COVID-19 pandemic. According to Walz, he will call a special session on Tuesday in order to approve the plan, which will include sales tax mitigation. .⁦@GovTimWalz⁩ says tomorrow he will announce major state relief plan to aide small businesses,hospitality industry will include sales tax mitigation – today he is announcing a new Mn Covid App that helps with contact tracing @wcco will update pic.twitter.com/k5LaUbCZW3 — esme murphy (@esmemurphy) November 23, 2020 Walz made the comments during a press conference early Monday afternoon where he and state officials unveiled new technology...
    MINNEAPOLIS (WCCO) — Multiple hospitality groups in Minnesota are urging Gov. Tim Walz for emergency relief as the COVID-19 pandemic and resulting restrictions continue to devastate the industry. In the letter sent to the governor Thursday, the groups say that the hospitality industry was dealt a “devastating blow” when the new restrictions were announced Wednesday and that they expect his administration to present a “comprehensive relief plan” in the upcoming days. The groups include Hospitality Minnesota, Minnesota Licensed Beverage Association, Minnesota Craft Brewers Guild and Minnesota Events Coalition. “The hospitality industry is a key driver of economic activity and tax revenue, supporting 1 in 10 jobs in Minnesota. It cannot be allowed to collapse,” the letter said....
    MINNEAPOLIS (WCCO) — Multiple hospitality groups in Minnesota are urging Gov. Tim Walz for emergency relief as the COVID-19 pandemic and resulting restrictions continue to devastate the industry. In the letter sent to the governor Thursday, the groups say that the hospitality industry was dealt a “devastating blow” when the new restrictions were announced Wednesday and that they expect his administration to present a “comprehensive relief plan” in the upcoming days. The groups include Hospitality Minnesota, Minnesota Licensed Beverage Association, Minnesota Craft Brewers Guild and Minnesota Events Coalition. “The hospitality industry is a key driver of economic activity and tax revenue, supporting 1 in 10 jobs in Minnesota. It cannot be allowed to collapse,” the letter said....
    Getty If you had trouble receiving an economic impact payment last time, things like setting up direct deposit for you next tax return may help. The wars of words between Republicans and Democrats before the 2020 presidential election have continued after it. Now the Senate Majority Leader, Republican Mitch McConnell, is calling Democrats’ stimulus relief plan “unserious.” “House Democrats’ so-called ‘HEROES Act’ is so unserious that it was condemned by the Speaker’s own moderate Democrats the instant she put it out,” he tweeted. “Huge tax cuts for rich people in blue states, but no second round of the Paycheck Protection Program? Those are their priorities?” The networks have called the election for former Vice President Joe Biden, but...
    MITCH McConnell blasts Democrats HEROS Act as “unserious” as Joe Biden calls for a coronavirus relief bill “right now.” McConnell ripped the HEROS Act on Tuesday saying the Democrats “so-called ‘HEROS Act’ is so unserious that it was condemned by the Speaker’s own moderate Democrats the instant she put it out," he wrote on Twitter. 5On Tuesday, Mitch McConnell blasted the Democrats HEROS ActCredit: Alamy Live News “Huge tax cuts for rich people in blue states, but no second round of the Paycheck Protection Program? Those are their priorities?” added the Senate majority leader. McConnell continued his attack on the blue party’s relief bill tweeting, “Another Democrat demand that’s blocked bipartisan aid: The fixation on a massive slush fund for...
    IF Joe Biden does not secure a second stimulus package, Americans could still get a $200 social security boost or see their student debt cancelled. The final string of the CARES Act will run out by the end of 2020 and President-elect Biden is urging lawmakers to immediately pass a new relief package. 4Joe Biden is urging Congress to 'come together and pass a Covid relief package like the Heros Act'Credit: Reuters “Right now Congress should come together and pass a Covid relief package like the Heros Act,” Biden said Monday in Wilmington, Delaware. The HEROS Act is the $2.2trillion measure passed by the Democratic-led House before the Election. However, the bill stands no chance in the Republican-led Senate and...
    Though President-elect Joe Biden has not pledged to forgive all student debt, he has supported broad changes that could affect millions of Americans. Some of the proposals Biden supports include debt forgiveness for low and middle-income Americans, expanding Pell grants and making public colleges and universities free for some American families. Though Biden’s proposals would help Americans burdened with student debt, it is unclear how much of his agenda he could pass if Democrats do not take the Senate in January. If they don’t, some members of the Democratic Party’s liberal wing have urged Biden to adopt changes via executive action. Though President-elect Joe Biden has not pledged to forgive all student debt, he has supported broad changes...
    Getty The IRS has said that stimulus check payments can be garnished if you owe child support. If President elect Joe Biden gets his way, you could be getting a second round of COVID-19 stimulus checks. How much would Biden’s plan give you? That’s unclear. However, Biden does have a plan that supports a second round of stimulus checks to Americans, according to CNet. Biden’s plan doesn’t explain the amount and it doesn’t say what the guidelines would be for getting a check, although Republicans and Democrats have previously voiced general agreement in passing a second check similar to the first ($1,200) but with expansion to include more adult dependents, like college students who were left out last...
    Getty With the election drawing to a close, will stimulus discussions reconvene next week? It’s possible. On Thursday, November 5, Senate Majority leader Mitch McConnell called for lawmakers to reach a deal when they return to work next week, according to News On 6. During a news conference, McConnell said, “This [virus] is not going to go away until we kill it. So that’s Job 1. I think we need to do it, and I think we need to do it before the end of the year. I think now that the election’s over, the need is there and we need to sit down and work this out.” McConnell’s statement came on the heels of news that Covid-19...
    The likelihood that Republicans will keep control of the Senate has diminished the odds for a robust pandemic relief bill. Senate Majority Leader Mitch McConnell suggested Wednesday that his intention is to advance a $500 billion coronavirus relief bill rather than compromise with Democrats on a bigger bill. “Hopefully, the partisan passions that prevented us from doing another rescue package will subside with the election,” he told reporters Wednesday, adding that a relief plan should be passed before the end of the year. A Democratic Senate would have allowed for a larger bill. Five Senate seats remain open from Tuesday’s election, according to the New York Times, with Republicans holding an edge on maintaining control of...
    Getty Will you receive a stimulus check in 2020? Eventually, we all gave up on the idea that Congress would pass a second round of COVID-19 stimulus checks before the presidential election. That’s transparently obvious as the election is upon us, arriving on November 3. However, will you get a second round of stimulus checks after the presidential election? Both sides have voiced a desire to get a second stimulus relief plan through and a second plan would likely include a second round of stimulus checks, because there’s been general agreement they’re needed. Indeed, both sides have generally agreed that the checks should mirror the amounts last time around, but with more money allotted to dependents, meaning a...
    ANNAPOLIS, Md. (WJZ) — County Executive Steuart Pittman announced Friday an energy bill relief program that will allow qualified families and individuals affected by the coronavirus pandemic to apply for special assistance through Anne Arundel’s Community Action Agency. “As colder weather begins and utility bills come due, we can’t allow the impacts of this pandemic to put people at risk of utility shut-off,” Pittman said. “I encourage anyone who is behind on energy bills to apply for this funding or else reach out to your energy provider to negotiate an affordable payment plan. I am grateful to our Community Action Team for the important work they have done during this pandemic, and stepping up to manage these funds for us.”...
    (CNN)Everything is terrible and nothing is OK. If you're feeling depressed and maxed out too, trust that you are far from alone. Jill Filipovic-- A global pandemic has killed more than a million people, including more than 220,000 Americans, and is swelling into what public health officials warn will be a brutal second wave.-- The Trump administration failed to manage the virus the first time around and seems to have no plan to make this second go any better.-- A Democratic relief bill has been sitting for months, but Senate Republicans -- led by Mitch McConnell -- can spend the few days before a national election rushing through the confirmation of a far-right Supreme Court justice who seems likely...
    North Dakota got $1.25 billion in federal coronavirus relief through the CARES Act—money that’s supposed to go to “necessary expenditures incurred due to the public health emergency with respect to the Coronavirus Disease 2019.” Somehow, $16 million in fracking grants is getting wedged into that category. The fracking money, which is to go toward new oil wells at $200,000 a pop, is being repurposed from an earlier plan to plug and clean up abandoned well sites. That measure was intended to support between 300 and 550 jobs in the oil industry while reclaiming land for agricultural use, and the state categorized it as small business relief. The $66.7 million for that project was not even $20 million less than the state’s CARES Act spending on...
    Getty The U.S. Senate is scheduled to go into a recess after its Monday, October 26 vote on Amy Coney Barrett’s nomination tot he U.S. Supreme Court. What does that mean for your chances of getting a second stimulus check? It means you’re highly unlikely to see a second round of checks approved before the November 3 presidential election. After that is anyone’s guess and likely depends on the victor. Some top Republican senators have made negative comments recently about the changes of a second stimulus relief package before the election. A second round of stimulus checks would likely be included in any such package, but Republicans and Democrats haven’t been able to agree on the overall...
    North Dakota Gov. Doug Burgum is facing criticism after seeking to repurpose $16 million of emergency coronavirus federal funding for grants to encourage fracking across the state.   That’s just a portion of the total $221 million in federal funding left over from the state’s COVID-19 response and recovery efforts approved for reallocation by the North Dakota Emergency Commission on Friday, the Grand Forks Herald reported. The six-member board includes four state legislators, as well as the secretary of state of North Dakota, and Burgam as chairman. All are Republicans. Under the CARES Act, North Dakota initially received $1.25 billion from Congress at the onset of the pandemic. The leftover funds must be spent by a December 30 deadline....
    Getty U.S. President Donald Trump. President Donald Trump and Treasury Secretary Steven Mnuchin are blaming House Speaker Nancy Pelosi for the fact that a second stimulus relief package has not been passed. Trump says he believes she doesn’t want to act before the presidential election, which is coming up fast on November 3. The relief plan would bring Americans a variety of relief efforts, from a second round of stimulus checks to aid for small businesses to enhanced unemployment benefits. Those are obviously things that many Americans could use or need, but negotiations between Democrats and Republicans in Congress have often boiled down into recriminations with no action. The two sides have settled on very different overall price...
    PITTSBURGH (AP) — Pennsylvania plans to offer $20 million in relief to the state’s beleaguered hospitality industry, the governor announced Thursday, days after vetoing Republican legislation that would have loosened restrictions on bars and restaurants. The state intends to waive liquor license fees in 2021 for more than 16,000 restaurants and bars, clubs, caterers and hotels, Democratic Gov. Tom Wolf said. The plan requires approval by the Pennsylvania Liquor Control Board. “COVID continues to hurt this industry in a particularly awful way. They need our help now,” said Wolf, who made the announcement at LeMont, a venerated, upscale Pittsburgh restaurant. Bars and restaurants have been hit hard by the pandemic and the state’s efforts to contain it, with the Wolf...
    Getty Senate Majority Leader Mitch McConnell. Senate Majority Leader Mitch McConnell has warned President Donald Trump’s administration to not make a deal on stimulus relief with House Speaker Nancy Pelosi. That’s according to the Washington Post, which reported on October 21 that McConnell’s actions make a stimulus relief package less likely. That news comes as the Senate Majority Leader revealed he was calling two votes on stimulus relief, with the Senate Minority Leader, Chuck Schumer, labeling those measures a “stunt.” McConnell called a vote on the Paycheck Protection Plan to help small businesses cope with the pandemic and, on Wednesday, he was poised to call a vote on a $500 billion stimulus relief plan, which is far less...
    University of Michigan students given immediate stay-at-home order amid a spike in Covid-19 cases This Pizza Dough Is Being Recalled For Containing Razor Blades Dow Ends Higher as Investors Hope Relief Plan Reachable Tuesday Stocks finished higher Tuesday as House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin narrowed some of their differences on a coronavirus relief package. © TheStreet Dow Ends Higher as Investors Hope Relief Plan Reachable Tuesday The Dow Jones Industrial Average came off earlier highs to finish up 113 points, or 0.4%, to 28,308, the S&P 500 rose 0.47% and the Nasdaq gained 0.33%. Load Error Shares of Google parent Alphabet finished up 1.4% even after the U.S. Department of Justice...
    Small market Rays find way back to MLBs big stage Escape Into the Scariest Books of All Time, If You Dare Do you know these lucrative Social Security secrets? Ad Microsoft Incredible Blanket Puts Humans In A Deep Sleep, Melting Stress Away Ad Microsoft The 23 Hottest Gadgets of 2020 Ad Microsoft Full screen 1/21 SLIDES © filo / Getty Images Senate Majority Leader Mitch McConnell and his fellow Republicans...
    MINNEAPOLIS (WCCO) — Governor Tim Walz and Lt. Governor Peggy Flanagan on Monday announced a plan to support agricultural producers, meat processors and farmers impacted by COVID-19. The $7.7 million plan, funded through the federal CARES Act, will provide relief to farmers who have experience market disruptions recover from and purchase equipment necessary for COVID-19. “Market instability and unprecedented weather conditions put farmers in a tough place even before COVID-19. The work they’ve done to continue to feed Minnesotans and our nation throughout this challenging time is remarkable,” said Walz. “As someone who grew up on a family farm, I stand with our farmers and am proud to allocate this much-needed support.” On Monday, the governor will tour farms in...
    WASHINGTON - U.S. House Speaker Nancy Pelosi on Sunday said that an agreement with the Trump administration on a new coronavirus relief package would have to be reached within the next 48 hours or it won’t get done before the national presidential election on Nov. 3. Pelosi has engaged in weeks of talks with Treasury Secretary Steven Mnuchin, representing President Donald Trump, but the two officials have been unable to reach a deal even as the number of coronavirus cases is surging again in the U.S. and the economic recovery has slowed. Pelosi and Mnuchin are negotiating on a package that could cost between $1.8 trillion and $2.2 trillion but have not agreed on specific terms of a national...
    Treasury Secretary Steven Mnuchin said Thursday he would give in to Democratic demands relating to coronavirus testing in a pandemic relief package, a small step toward a deal. "When I speak to Pelosi today, I'm going to tell her that we're not going to let the testing issue stand in the way," Mnuchin said on CNBC's Squawk Box Thursday morning. "We'll fundamentally agree with their testing language, subject to minor issues. This issue is being overblown," Mnuchin added. House Speaker Nancy Pelosi has said the Trump administration's language regarding a national plan for coronavirus testing, tracing, treatment, and vaccine distribution is “grossly inadequate." Mnuchin said Wednesday that it is highly unlikely that a coronavirus relief package will be agreed...
    A small but expanding group of Democrats across the party’s ideological spectrum are preparing to push Speaker Nancy Pelosi (D-CA) to accept the $1.8 trillion coronavirus economic stimulus plan proposed by Treasury Secretary Steve Mnuchin last week, citing escalating concerns about unemployment and ongoing struggles of Americans. Two members of the Democratic caucus, Reps. Abigail Spanberger (D-VA) and Peter Welch (D-VT), have privately discussed their desires for the California leader to accept the deal put before them and are now ready to make those pleas public, The Daily Beast has learned. While many Democrats are happy to back Pelosi’s position, those angling for a faster alternative are hoping to create a pressure campaign within the caucus. “Rep. Welch does not...
    NANCY Pelosi has once again blocked a stimulus deal that would deliver $1,200 checks to Americans after a Wednesday morning clash with Treasury Secretary Mnuchin. House Speaker Pelosi's Deputy Chief of Staff, Drew Hammill revealed the news to Twitter on Wednesday afternoon. 6Nancy Pelosi has once again blocked a stimulus deal that would deliver checks to AmericansCredit: Splash News 6Americans are waiting on a second round of $1,200 stimulus relief checksCredit: Getty Images - Getty 6Speaking at a Wednesday press conference, Mnuchin, right, said: 'At this point, getting something done before the election and executing on that will be difficult'Credit: Getty Images - Getty Hammill revealed that Pelosi and Mnuchin had a phone conversation at 9.30am for about one hour....
    Nancy Pelosi and Steven MnuchinReuters House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin spoke Wednesday morning but again did not strike a deal on coronavirus stimulus. The pair talked by phone and had "productive" discussions about language in relief proposals delivered over the weekend, the speaker's spokesman Drew Hammill said in a tweeted statement. He added that "one major area of disagreement continues to be that the White House lacks an understanding of the need for a national strategic testing plan" for Covid-19. Pelosi and Mnuchin, the lead negotiators in aid talks between the White House and congressional Democrats, plan to speak again Thursday. The Treasury secretary will likely address the talks when he appears at the Milken Institute...
    WASHINGTON -- Senate Majority Leader Mitch McConnell said Tuesday that he's scheduling a procedural vote on a GOP COVID-19 relief bill next week, saying aid to hard-hit businesses shouldn't be held up by gridlock involving other aid proposals.The Kentucky Republican says the first item of Senate business when the chamber returns next Monday will be a procedural vote on a scaled-back aid bill. Democrats filibustered a GOP-drafted aid bill last month and recent talks on a larger deal between Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi, D-Calif., fell apart this past weekend, probably for good."Democrats have spent months blocking policies they do not even oppose. They say anything short of their multi-trillion-dollar wish list, jammed with non-COVID-related demands,...
    By ANDREW TAYLOR, Associated Press WASHINGTON (AP) — Senate Majority Leader Mitch McConnell said Tuesday that he's scheduling a vote regarding a GOP COVID-19 relief bill for later this month, saying aid to hard-hit businesses shouldn't be held up by gridlock involving other aid proposals. The Kentucky Republican says the first item of Senate business when the chamber returns Oct. 19 will be a procedural vote on a scaled-back aid bill. Democrats filibustered a GOP-drafted aid bill last month and recent talks on a larger deal with House Speaker Nancy Pelosi, D-Calif., fell apart this past weekend, probably for good. “Democrats have spent months blocking policies they do not even oppose. They say anything short of their multi-trillion-dollar wish list,...
    Senate Majority Leader Mitch McConnell (R-KY) speaks with Democratic challenger Amy McGrath during a debate on October 12, 2020 in Lexington, Kentucky.Michael Clubb | Pool | Getty Images The Senate will vote on a limited coronavirus stimulus bill this month, Majority Leader Mitch McConnell said Tuesday, as lawmakers stumble in their push to send aid to Americans before the 2020 election. In a statement, the Kentucky Republican said the Senate would take up aid legislation after the full chamber returns on Oct. 19. McConnell called the plan "targeted relief for American workers, including new funding" for Paycheck Protection Program small business loans. A spokesman for the top GOP senator did not say whether the bill would include provisions beyond money...
    WASHINGTON – Senate Majority Leader Mitch McConnell said Tuesday that he's scheduling a vote regarding a GOP COVID-19 relief bill for later this month, saying aid to hard-hit businesses shouldn't be held up by gridlock involving other aid proposals. The Kentucky Republican says the first item of Senate business when the chamber returns Oct. 19 will be a procedural vote on a scaled-back aid bill. Democrats filibustered a GOP-drafted aid bill last month and recent talks on a larger deal with House Speaker Nancy Pelosi, D-Calif., fell apart this past weekend, probably for good. “Democrats have spent months blocking policies they do not even oppose. They say anything short of their multi-trillion-dollar wish list, jammed with non-COVID-related demands, is ‘piecemeal'...
    DONALD TRUMP’S administration officials have called on Congress to “immediately” vote on a relief bill to spend the unused $134billion Paycheck Protection Program funds as a new round of stimulus checks. In a Sunday letter to Congress, Treasury Secretary Steven Mnuchin and White House chief of staff Mark Meadow called the “all-or-nothing approach” by Congress “an unacceptable response to the American People.” 4President Donald Trump's administration officials have called on Congress to 'immediately' spend the unused $134billion Paycheck Protection Program funds as a new wave of stimulus checksCredit: Splash News “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 funds while we continue to...
    Speaker Nancy PelosiNancy PelosiDemocratic poll shows neck-and-neck race brewing in Florida House district Sunday shows preview: Trump, top Republicans recover from COVID-19; stimulus bill remains in limbo Senate Republicans rip new White House coronavirus proposal MORE (D-Calif.) called President TrumpDonald John TrumpNorth Korea unveils large intercontinental ballistic missile at military parade Trump no longer considered a risk to transmit COVID-19, doctor says New ad from Trump campaign features Fauci MORE’s administration’s policies on coronavirus testing and tracing inadequate on Sunday as dozens of states report rising COVID-19 cases. The Speaker issued an update on coronavirus negotiations following the White House’s proposal of a $1.8 trillion coronavirus stimulus package and after more than 54,000 new COVID-19 cases were reported on Saturday....
    JUNEAU, Alaska (AP) — The state of Alaska released a plan to divide $50 million in federal coronavirus relief funding payments among fishing industry workers affected by the pandemic. The state Department of Fish and Game proposed a split between charter guides, the commercial fleet and seafood processors of 32% each in a draft proposal released Monday, CoastAlaska reported. Federal guidance suggests the state set aside more than half of its relief funds for processors, about a third for commercial fishermen and 5% for sport fishing guides and lodges. The state also proposed setting aside portions of the funds for subsistence and aquaculture at 3% and 1% respectively. The two groups were not included in the federal guidance. Relief applicants...
    Hi there, MarketWatchers. Don’t miss these top stories:Personal FinanceNearly half of all professional women make this money mistake — and it’s easy to fix How to stop deferring to a partner on financial matters.Late director Joel Schumacher’s Greenwich Village condo just hit the market for $4.5 million The New York City loft apartment belonging to the late film director Joel Schumacher has come back on the market — but the price hasn’t changed. Located in the Greenwich Village neighborhood, the three-bedroom abode is again available for $4.5 million. The IRS says it still hasn’t opened more than 2 million returns this tax season — and that’s an improvement “We are hearing from our constituents right and left,” one lawmaker said...
    U.S. House Speaker Nancy Pelosi, a Democrat from California, center, speaks to members of the media as she walks to her office at the U.S. Capitol in Washington, D.C., U.S. on Thursday, Oct. 1, 2020.Stefani Reynolds | Bloomberg | Getty Images House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin spoke for about an hour Monday but emerged from a phone call with no coronavirus stimulus deal. The pair expects to talk again Tuesday as the White House and Democratic leaders try to craft an elusive fifth pandemic relief package, Pelosi's spokesman Drew Hammill said in a tweet. Pelosi and Mnuchin plan to exchange more details about their proposals Monday, he added.  Drew Hammill tweet The sides have made a...
    Getty House Democrats are in the process of drafting a roughly $2.4 trillion coronavirus relief bill. A new Democratic plan to break the logjam in COVID-19 stimulus relief negotiations has made it through the House. According to CNN, the House passed a $2.2 trillion coronavirus stimulus relief package on October 1. However, does it contain a second round of stimulus checks? If so, in which amount? Various amounts have been floated for stimulus checks two, including $1,200, $3,400, and $4,000. Also: What are the chances that the House plan goes into effect so Americans actually get the money? The answers: Yes, the new plan does include stimulus checks. They would amount to $1,200 per taxpayer. It’s...
    Image copyright Reuters Image title Demand for this specialty has grown significantly as a result of recent corporate scandals American airlines have begun laying off thousands of workers after efforts to negotiate a new economic relief plan in Congress stalled. American Airlines says it will lay off 19,000 workers and United Airlines 13,000 workers. Carriers – badly affected by the corona virus infection – say they are willing to change the outcome if more funding is available. Airlines have received billions of dollars from the federal government. Congress agreed to the aid agreed earlier this year As part of the Corona Virus Assistance, Relief and Economic Protection Act [Cares Act]. The condition is that the...
    Getty House Democrats are in the process of drafting a roughly $2.4 trillion coronavirus relief bill. A new Democratic plan to break the logjam in COVID-19 stimulus relief negotiations would give people $1,200 in COVID-19 stimulus checks. However, according to Forbes, on September 30, Democrats delayed the vote on the plan to allow negotiations to continue. That’s because they need the Republican-controlled Senate for anything to get through. Washington Post reporter Jeff Stein tweeted that there seems to be some hope, “Oh boy twitter. (Treasury Secretary Steven) Mnuchin just now on talks with Pelosi: ‘We have reached an agreement that if there is a deal there will be direct payments’ — meaning the $1,200 stimulus checks. Still need...
    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...
    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...
    By ANDREW TAYLOR, Associated Press WASHINGTON (AP) — 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...
    By Marc Jones LONDON (Reuters) - The world's poorest countries could soon be facing a tough decision -- double up on debt relief from the G20 with the caveat they must default on private creditors, or quit the programme to try to keep financial markets on side. Rich countries on Friday backed an extension of the G20's Debt Service Suspension Initiative (DSSI), approved in April to help developing nations survive the coronavirus pandemic and which has seen 43 of a potential 73 eligible countries https://www.worldbank.org/en/topic/debt/brief/covid-19-debt-service-suspension-initiative defer $5 billion in 'official sector' debt payments. The European Network on Debt and Development (Eurodad), comprising 50 non-governmental organisations, estimates that extending that temporary freeze by six months would provide a further $6.4 billion...
    South Carolina Gov. Henry McMaster signed into law a spending plan for federal Coronavirus Aid, Relief and Economic Security Act funds on Monday. The spending plan passed the state House and Senate during the legislative session earlier this month. “Proud to sign the bill allocating the second round of CARES Act funds, providing more support for expanded testing statewide, nonprofits and small businesses that did not receive PPP funding, and replenishing the state’s unemployment reserve fund so that we don’t have to raise taxes on businesses,” McMaster said in a statement. Federal spending allocations largely followed recommendations McMaster outlined in a letter to lawmakers on allocating federal pandemic relief funds. The law will allocate $73 million...
    Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York City BY TIM AHMANN U.S. House Speaker Nancy Pelosi said on Tuesday she hoped to have a coronavirus aid deal with the White House this week, after speaking with Treasury Secretary Steve Mnuchin for about 50 minutes and making plans for further talks on Wednesday. “I’m hopeful,” Pelosi told reporters who asked whether agreement on additional coronavirus relief could be reached this week. Her discussion with Mnuchin on Tuesday was their third conversation in as many days. “The two went over the provisions of the updated Heroes Act and agreed to speak again tomorrow,” Pelosi spokesman Drew Hammill said on Twitter, referring...
    CAIRO (AP) — The International Monetary Fund has signed off on Sudan’s economic reform program, a move that can eventually allow the highly-indebted African country to get debt relief and move ahead with rebuilding its battered economy as it transitions to democratic rule. Until the end of June 2021, IMF staff will be monitoring the implementation of a “home-grown” economic restructuring program that aims at “stabilizing the economy, removing distortions, improving competitiveness, and strengthening governance,” according to an IMF statement released Wednesday. Sudan has been ruled by a transitional military-civilian government following last year’s pro-democracy uprising that toppled longtime autocrat Omar al-Bashir. Elections could possibly be held in late 2022. The current prime minister, Abdalla Hamdok, is a former economist...
    By MELISSA LAMBARENA of NerdWallet As cardholders experience financial difficulties due to COVID-19, some credit card issuers are promoting their hardship programs. Once a well-kept secret, these programs are now more prominently advertised, offering things like deferred payments and lower interest rates. But not all cardholders will qualify or receive favorable terms. If you’ve been denied COVID-19 relief, if it’s insufficient, or if your relief terms are expiring, consider turning to a nonprofit credit counseling agency. Credit counselors may be able to help you with get-out-of-debt options — among them, possibly, a debt management plan, which rolls several balances into a single payment at a lower interest rate. “It essentially works as a consolidation loan without creating a new loan,”...
    As cardholders experience financial difficulties due to COVID-19, some credit card issuers are promoting their hardship programs. Once a well-kept secret, these programs are now more prominently advertised, offering things like deferred payments and lower interest rates. But not all cardholders will qualify or receive favorable terms. If you’ve been denied COVID-19 relief, if it’s insufficient, or if your relief terms are expiring, consider turning to a nonprofit credit counseling agency. Credit counselors may be able to help you with get-out-of-debt options — among them, possibly, a debt management plan, which rolls several balances into a single payment at a lower interest rate. “It essentially works as a consolidation loan without creating a new loan,” says Thomas Nitzsche,...
    JOE Biden has announced his plan to give parents up to $300 per month during the coronavirus pandemic. The Democrat's plan would increase the annual tax credit to $3,000 for children under 17, with an additional $600 for kids under the age of 6. ⚠️ Follow our US election 2020 live blog for the latest news & updates 3Joe Biden has announced a Child Tax Credit expansion planCredit: Reuters 3Americans are eagerly awaiting a second round of stimulus checksCredit: AP:Associated Press The Child Tax Credit expansion would provide "thousands of dollars of tax relief for middle-class households," Biden's website states. The plan would begin in 2021 and last "as long as economic conditions require." Americans have been eagerly awaiting...
    White House trade adviser Peter Navarro blamed House Speaker Nancy Pelosi, D-Calif., for the stalled negotiations on the next round of coronavirus relief, calling her “the obstacle.” “I think she is gambling that if the economy is bad, President Trump loses and she gains power,” Navarro told “America’s Newsroom” on Thursday. “And that kind of calculus, if there is any truth to that at all, that has no place in this great country.” Pelosi and Senate Minority Leader Chuck Schumer, D-N.Y., have attempted to convince Republicans to meet them in the middle of the Democrats' more than $3 trillion proposal and the Republicans' opening $1 trillion offer – at just over $2 trillion – but the idea has been a nonstarter with Republicans, who have indicated they have little interest in...
    President Donald Trump urged his fellow Republicans Wednesday to go for "much higher numbers" in a coronavirus aid bill, as Washington remained deadlocked over economic relief from the crisis ahead of the Nov. 3 elections. Senate Republican reaction to Trumps appeal was mixed, but generally cautious. But House Speaker Nancy Pelosi and Senate Democratic leader Chuck Schumer said in a joint statement they were encouraged and hoped White House negotiators would now "meet us halfway." The standoff dates to mid-May, when the Democratic-majority House approved $3.4 trillion in new coronavirus aid, including unemployment benefits, money for schools, the U.S. Postal Service, and testing. Pelosi meanwhile offered to drop the demand to about $2.2 trillion. The Senates Republican leaders countered with...
    A NEW stimulus relief bill has been proposed by a group of 50 centrist Democrats and Republicans and includes a new round of $1,200 stimulus checks. Led by Representatives Democrat Josh Gottheimer from New Jersey and Republican Tom Reed from New York, the Problem Solvers Caucus proposed a $1.52 trillion stimulus package on Tuesday. 2A $1.52 trillion relief bill has been proposed by a group of centrist Democrats and RepublicansCredit: Getty Images - Getty While the proposed package is nearly a trillion less than House Speaker Nancy Pelosi's proposal, it is more than the $500 billion offered in the GOP bill last week. Newsweek reported that the bill includes a second round of stimulus checks with an additional...
    The House Problem Solvers Caucus will present a $1.5 trillion coronavirus relief plan Tuesday in an effort to break the months-long congressional stalemate before the November election. The proposal, crafted by the group of approximately 50 centrist lawmakers, faces unfavorable odds in a fight that has been dominated by partisan divisions over what a relief package should include, The New York Times reported. However despite the plan’s slim chance at being signed into law, its public presentation reflects growing frustration from moderate members of both parties over Congress’s failure to pass any supplemental relief, according to the Times. The proposed bill would revive the Paycheck Protection Program and reissue $1200 checks to qualifying American taxpayers, measures that have bipartisan support,...
    A group of bipartisan House members released a deal framework that would expand unemployment aid, boost rental assistance, and provide state and local aid. Congress is at a stalemate on a new round of coronavirus relief for Americans — with Democrats wanting more generous aid and Republicans pushing a more austere package. But a bipartisan group of House members came together to work on a deal they hope could pass both chambers, with they unveiled Tuesday. The proposal from the Problem Solvers Caucus, first reported on by Politico, funds most things House Democrats want, but at a lower price tag than the $3 trillion bill they passed on May 15....
    A bipartisan group of House lawmakers Tuesday unveiled a compromise coronavirus package that worked out some of the thorniest divisions between Democrats and Republicans in an effort to jumpstart relief to Americans still reeling from the health and economic crisis. The Problem Solvers Caucus released its $1.5 trillion coronavirus plan as proof bipartisanship is still afoot and to deliver a pre-packaged solution to Republican and Democratic leadership that would meet the nation's most pressing needs for the next 6 to 12 months. There's been no progress on a new coronavirus package in the last four months although schools, families, and businesses continue to suffer and the coronavirus continues its deadly spread, now killing more than 193,000 Americans. SENATE FAILS TO ADVANCE 'TARGETED' $300B CORONAVIRUS BILL; RELIEF...
    (CNN)Senate Minority Leader Chuck Schumer on Wednesday said Democrats won't fold to Republicans' scaled-down coronavirus relief plan, predicting their rejection of a near $500 billion measure will put pressure on GOP senators to negotiate with them and agree to a larger relief package."There's a good chance they feel the pressure once they see the Democrats are not going to fold to this emaciated bill, which leaves so much out. The pressure will mount on them," Schumer told CNN's John Berman Wednesday on "New Day." Senate Republican leader Mitch McConnell announced Tuesday he would force his chamber to cast a vote "as soon as this week" on the GOP's new economic recovery plan. A GOP leadership aide told CNN that the...
              Sponsored by National Industries for the Blind     Welcome to The Hill’s Morning Report. It’s Wednesday! We get you up to speed on the most important developments in politics and policy, plus trends to watch. Alexis Simendinger and Al Weaver are the co-creators and readers can find us on Twitter @asimendinger and @alweaver22. Please recommend the Morning Report to friends and let us know what you think. CLICK HERE to subscribe! Total U.S. coronavirus deaths reported each morning this week: Monday, 188,941. Tuesday, 189,215. Wednesday, 189,680. Congress returned to Washington following the Labor Day holiday and picked up right where it left off last month: Haggling over a coronavirus relief package that...
    But Senate Republicans refused to take up that bill. Instead, Senate Majority Leader Mitch McConnell released a plan days before the unemployment insurance payments were slated to expire — a plan he never put to a vote because it didn't have enough support even among his own Republican members. Politico reported that McConnell now wants to put up a so-called "skinny" coronavirus relief package to try to force Democrats into backing a less generous coronavirus relief package But that "skinny" bill — which would slash the weekly unemployment payments to $300 a week — currently doesn't have 51 votes from Republican senators, according to Politico, meaning it would fail. Republicans' inability to pass virus relief comes as millions of Americans...
    A Washington federal judge Friday tossed out Secretary of Education Betsy DeVos' policy that would have funneled millions in coronavirus relief to private schools in a ruling that has nationwide impact. U.S. District Judge Dabney Friedrich, a President Trump appointee, vacated the plan DeVos unveiled this summer to divert more of the $16 billion Congress passed in emergency K-12 education funding away from public schools to private schools. The judge found the rule was unlawful and DeVos' action to better help private schools contrary to Congress' intent for the money under the CARES Act legislation. "Thus, the Department’s interim final rule, which conflicts with the unambiguous text of the statute, is void," Friedrich said in her 13-page ruling. DEVOS, EDUCATION DEPT. FACE 5-STATE LAWSUIT OVER CORONAVIRUS RELIEF PLAN FOR SCHOOLS...
    WASHINGTON (AP) — House Speaker Nancy Pelosi and the Trump administration have informally agreed to keep a stopgap government-wide funding bill — needed to avert a shutdown at the end of this month — free of controversy or conflict. The accord is aimed at keeping any possibility of a government shutdown off the table despite ongoing battles over COVID-19 relief legislation, while sidestepping the potential for other shutdown drama in the run-up to the November election. That’s according to Democratic and GOP aides on Capitol Hill who have been briefed on a Wednesday conversation between Pelosi, D-Calif., and Treasury Secretary Steven Mnuchin. They required anonymity to characterize an exchange they were informed of but not directly party to. “House...
    Senate Minority Leader Chuck Schumer sent a letter to his caucus Thursday morning warning that Republicans' coronavirus plan is "emaciated" and accused the GOP of trying to "check the box" on another stimulus bill, statements that appear to throw water on attempts to revive negotiations that fell apart last month. After lawmakers failed to pass legislation ahead of the August recess, there was hope that there could be some sort of breakthrough in negotiations once they returned to Washington, D.C. But Schumer, D-N.Y., in the letter to his Democratic colleagues slammed comments by Senate Majority Leader Mitch McConnell, R-Ky., about a potential "skinny" coronavirus proposal which would cost about $1 trillion. Schumer and Democrats started their negotiations at the $3 trillion price...
    Republican lawmakers plan to provide additional aid for a job retention program, assist parents with remote learning and increase unemployment benefits, broadband access and disaster relief when the North Carolina Legislature reconvenes Wednesday. At the top of the list is creating the state's third coronavirus relief package from Coronavirus Aid, Relief and Economic Security (CARES) Act funding, which covers expenses through the end of the year. According to the General Assembly Fiscal Research Division, North Carolina has more than $900 million remaining out of its $3.5 billion in the CARES Act funding. Republicans, who have a majority in the Senate and House, plan to use most of the money to support parents as they face new challenges...
    Getty Does Joe Biden support additional stimulus payments? Technically he does, but he has remained extremely quiet on the topic throughout his campaign for president. His decision to choose Senator Kamala Harris as his running mate could indicate how he feels about stimulus payments, as she has an outspoken stance in support of providing more economic relief to the American people. The Monthly Economic Crisis Support Act, introduced by Harris and two other senators in May, would send $2,000 per month to individuals and $4,000 to married couples who file jointly, along with an additional $2,000 per child, up to three children. Any individual earning under $120,000 would be eligible; the payments would be reduced for income over...
    Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York City While restaurants continue to struggle amid the backdrop of a global pandemic, Mayor Bill de Blasio said Friday there may not be relief in sight for those in need of indoor business out of fears of a possible resurgence of COVID-19 citing precedent abroad. As de Blasio has given in to outside pressure to allow gyms to open up Sept. 2 – provided they meet state guidelines – the mayor says he will not consider allowing restaurants to seat anywhere other than on sidewalks and curb space for the foreseeable future. “Indoor dining, there’s not a plan right now, de Blasio...
    Democrat presidential candidate Joe Biden’s “Build Back Better” agenda for combatting the coronavirus pandemic and its economic effects has its foundation in an international disaster relief program designed by the United Nations, a review of the origins of the framework and terminology reveal. Biden’s “Build Back Better” plan, unveiled last month, has become a central part of his campaign. He and his newly announced running mate Sen. Kamala Harris (D-CA) tout it at every turn, and Democrats top to bottom sung its praises on the opening day of the Democratic National Convention this week. While “Build Back Better” may sound like a catchphrase to heal the country, its history as a global framework used by international organizations and conglomerates for...
    SENATE Republicans are reportedly working on a new, slimmed-down coronavirus relief package that extends unemployment benefits - but scraps another round of $1,200 checks for eligible Americans. The $500billion package would reportedly be more focused on providing financial assistance to people who find themselves out of work, as well as small businesses, according to ABC News. 3Senate Republicans are reportedly working on a slimmed-down coronavirus relief package that focuses on the unemployed and small businessesCredit: Getty Images - Getty 3The package would extend the added unemployment benefit to the end of the year, but lower it to $300 weeklyCredit: AP:Associated Press Senate Majority Leader Mitch McConnell (R-Ky) said he favors helping people “who have been hit the hardest by the...
    HARRISBURG, Pa. (AP) — Pennsylvania does not have the money to provide $100 a week as President Donald Trump pushes states to help pay for a new round of federal unemployment assistance, Gov. Tom Wolf told the state's members of Congress. In a Thursday letter, Wolf, a Democrat, urged Pennsylvania’s congressional delegation anew to extend the $600 per-week federal benefit, which ended last month, and warned them that Trump's plan is a “convoluted and short-lived proposal that will delay payments to unemployed Pennsylvanians and create unnecessary and costly administrative burdens" for states. States are in the midst of deciding whether to sign onto Trump's plan, a new $400 a week payment that requires a state to commit to providing $100,...
    HARRISBURG, Pa. (AP) – Pennsylvania does not have the money to provide $100 a week as President Donald Trump pushes states to help pay for a new round of federal unemployment assistance, Gov. Tom Wolf told the state’s members of Congress. In a Thursday letter, Wolf, a Democrat, urged Pennsylvania’s congressional delegation anew to extend the $600 per-week federal benefit, which ended last month, and warned them that Trump’s plan is a “convoluted and short-lived proposal that will delay payments to unemployed Pennsylvanians and create unnecessary and costly administrative burdens” for states. States are in the midst of deciding whether to sign onto Trump’s plan, a new $400 a week payment that requires a state to commit to providing $100,...
    The nations leading business group on Wednesday raised serious concerns about President Donald Trumps move to defer Social Security payroll taxes for American workers, warning that the plan for a shot of economic relief during the coronavirus pandemic could prove unworkable. The U.S. Chamber of Commerce, a White House ally in battles to cut federal regulations and taxes, said in a letter to Treasury Secretary Steven Mnuchin that Trumps directive is “surrounded by uncertainty as to its application and implementation” and “only exacerbates the challenges" for companies trying to quickly put his action in place. There was no immediate reaction from the administration. Trump on Saturday directed the Treasury Department to temporarily defer the 6.2% Social Security tax on wages...
    On Monday, Massachusetts Democrat Senator Ed Markey, in an attempt to exhibit largesse in the most hyperbolic manner possible, garner mass approval and launch the American economy into oblivion, tweeted, “Give every person in our country $2000/month for the duration of the pandemic, $2000/month for 3 months after that, and $2000/month retroactive to March.” Give every person in our country $2000/month for the duration of the pandemic, $2000/month for 3 months after that, and $2000/month retroactive to March. — Ed Markey (@EdMarkey) August 10, 2020 That economically illiterate suggestion was countered by Senator Ted Cruz (R-TX), who took Markey’s hyperbolic suggestion and took it to the extreme to point out how crazy the idea was. Cruz tweeted, “Why be...
    CHICAGO — Chicago’s $8.4 billion budget plan for its public schools includes $125 million in new classroom investments and another $75 million for the district’s pandemic response — new spending that gambles on Congress coming through with additional emergency funding for schools despite recently stalled talks in Washington.  The school district is also planning to cut its controversial tab for school police at least in half to reflect that officers don’t work in schools 12 months of the year, a new detail that has emerged in response to questioning about the existing $33 million contract between the school district and the city’s police department. Chicago’s budget plan unveiled Monday includes $758 million in capital spending, specifically $653 million for facility projects across...
    After the failure of Congressional negotiations, President Trump signed a series of executive orders to address the economic crisis The plan extends an automatic forbearance for student loans. Photo: JIM WATSON / . / . President Donald Trump signed this Saturday four executive orders to implement a temporary relief plan for Americans it offers less money in unemployment insurance than under the CARES Act. Stocking extends protection for student loans and renter assistance. The new plan temporarily reduce payroll tax after Republicans and Democrats failed on Friday in an attempt to reach a new agreement on a financial aid package. “We are fed up and we are going to save American jobs and provide help to...
    The boxer who ended Mike Tysons career in 2005, who is now a tree trimmer, wants another shot at him after his fight with Roy Jones Jr. 20 Cooking Hazards That Could Have Disastrous Results Student Loan Borrowers: Don’t Wait on Congress for More Relief Federal student loan borrowers haven't had to make payments since March. But without continued government intervention, those unable to pay can expect long waits for help come October when bills are scheduled to restart. © Getty Images An income-driven repayment plan may be your best option if you can't afford your payments. Automatic, interest-free forbearance provided by the first coronavirus relief package was not extended by the Health, Economic Assistance, Liability Protection and Schools...
    Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York City With the nation’s economy in tatters thanks to the COVID-19 pandemic, partisan wrangling continues to hold up efforts on Capitol Hill to pass another trillion-dollar round of financial relief. Senate Republicans want to pass the proposed $1 trillion HEALS Act that Democrats say comes up short in providing further relief for working Americans and cash-strapped state and local governments. Senate Minority Leader Charles Schumer of New York, and Senate Majority Leader Mitch McConnell, exchanged public statements blaming each other for the latest impasse. On Sunday, Schumer insisted that a new relief package include “robust state and local funding, and dollars to...
    An unbreakable man: Ex-presidents hail Lewis You Have to Try These Famous Sandwiches in Denver and Beyond Over 150 Firms That Got U.S. Relief Aid Plan Layoffs, S&P Says (Bloomberg) -- More than 150 U.S. businesses that received financing from the Paycheck Protection Program have announced plans to lay off employees, undercutting efforts to preserve jobs at pandemic-hit companies, according to S&P Global. Load Error The companies, which include arts organizations, real estate firms and manufacturers, are estimated to have received between $291.6 million to $647.5 million in total PPP loans, S&P said in a report Thursday. And yet they had plans to cut 15,814 employees from May 1 to July 17. The data isn’t comprehensive -- it...
    THE EXTRA $600 payments expire tomorrow as lawmakers still haven't agreed on an extension on coronavirus benefits. On Thursday morning, the Department of Labor reported an additional 1.43million unemployment claims in the last week. 3McConnell announced the HEALS Act this weekCredit: Alamy Live News Senate Majority Leader Mitch McConnell unveiled the Republicans' $1trillion coronavirus relief plan on Monday, prompting Americans to ask when they'll receive coronavirus benefits. The HEALS Act includes proposed extended pandemic unemployment assistance of $200 per week, but the legislation has not yet been passed. However, the $600-per-week lump sum that unemployed residents have been receiving since April runs out on Friday. Just yesterday, the White House Chief of Staff Mark Meadows said: "We're nowhere close to a deal." 3Chuck Schumer has been in discussions...
    A man walks past the U.S. Capitol building in Washington, June 25, 2020.Al Drago | Reuters Republicans and Democrats appeared far from striking a coronavirus relief deal Wednesday as millions of Americans wait to see whether Congress will renew financial lifelines during an ongoing economic crisis. As negotiators cite little progress in talks and congressional leaders snipe at one another on Capitol Hill, the Trump administration again raised the prospect of a short-term plan to address only enhanced unemployment insurance and a federal eviction moratorium while the sides hash out a broader bill. Democrats have repeatedly rejected a temporary fix.  "As of now, we're very far apart," Treasury Secretary Steven Mnuchin, the White House's chief negotiator, said Wednesday morning. He...
    ZURICH, Switzerland (AP) — Soccer governing body FIFA says its $1.5 billion coronavirus relief plan to revive the sport and help national associations stay afloat comes with “strict compliance and audit requirements.” The massive spending plan aims to help men’s and women’s professional soccer as well as youth and grassroots football through grants and loans. “This relief plan is a great example of football’s solidarity and commitment in such unprecedented times,” FIFA President Gianni Infantino said. The regulations approved Wednesday establish appropriate use of funds and loan repayment conditions under the supervision of a newly created steering committee. FIFA’s 211 member associations will receive a $1 million grant “to protect and restart football” and can access interest-free loans of up...
    Reuters July 28, 2020 0 Comments Republicans in the U.S. Senate pushed back on Tuesday against their own party’s $1 trillion coronavirus relief proposal the day after it was unveiled by Majority Leader Mitch McConnell, sending some U.S. stocks downward. McConnell and the chamber’s top Republicans unveiled the coronavirus aid package hammered out with the White House just four days before the expiration of expanded unemployment benefits keeping millions of Americans afloat during the crisis. The proposal would slash the federal benefit from $600 per week in addition to state unemployment, to $200. Democrats have also rejected the package, calling it too small compared with their $3 trillion plan that passed the House of Representatives in May. Dissident Republicans...
    Republicans' $1 trillion coronavirus relief package was in trouble Tuesday as the party began to lose support for the measure from its own members while Democrats decried a billion dollar provision to build a new FBI building near President Donald Trump's Washington D.C. hotel. Republican Senator Ted Cruz of Texas said he expects 'significant resistance' from Republicans to the legislation, citing its hefty price tag. 'There is significant resistance to yet another trillion dollars. The answer to these challenges will not simply be shoveling cash out of Washington, the answer to these challenges will be getting people back to work. And as it stands now, I think it's likely that you'll see a number of Republicans in opposition to this bill and...
    Senate Majority Leader Mitch McConnell, R-Ky.Photo by Stefani Reynolds/Getty Images Republicans have introduced their proposal for the next coronavirus relief package, a $1 trillion plan called the HEALS Act.  Notably absent from their agenda: relief for people with student debt. The plan calls for streamlining the number of repayment options, but wouldn't extend the payment pause for borrowers or offer them any debt forgiveness.  "Student loan borrowers get nothing in the HEALS Act," said higher education expert Mark Kantrowitz.  More from Invest in You:Quarantine spending was more than just hoarding canned goodsPrices go up every year. That doesn't mean you have to pay more If you need cash, try these less-obvious sources The CARES Act passed by Congress and signed into law...
    Senate Majority Leader Mitch McConnell, speaks to the press after a Republican policy lunch on Capitol Hill in Washington, DC on July 21, 2020.Olivier Douliery | AFP | Getty Images Senate Majority Leader Mitch McConnell unveiled the Republican coronavirus relief plan on Monday as Congress scrambles to respond to a pandemic still wreaking havoc across the country.  The GOP outlined its plan after states stopped paying out the $600 per week enhanced federal unemployment benefit and a federal eviction moratorium expired. Senate GOP leaders want their proposal to serve as a starting point in talks with Democrats on a bill that could pass both chambers of Congress.  McConnell, a Kentucky Republican, said the legislation would include relief for jobless Americans, another...
    Meaghan Ellis July 27, 2020 0 Comments House Speaker Nancy Pelosi (D-Calif.) is requesting a meeting with Republican lawmakers in an effort to begin negotiations to fast-track the next coronavirus relief package. On Monday, the top-ranking Democrat released a statement addressed to Republican leaders. Pelosi noted that while Democrats passed the Heroes Act ten weeks ago, she says Republican lawmakers have delayed discussions about the next installment of their proposed bill. “Ten weeks ago, Democrats passed the Heroes Act, which contains the solution to defeating the virus and safely reopening the country: supporting our heroes, crushing the virus and putting money in Americans’ pockets,” she said. Pelosi noted Senate Majority Leader Mitch McConnell’s (R-Ky.) decision to “pause” before moving...
    Senate Republicans are proposing to reduce the $600-per week unemployment benefit as part of their forthcoming release plan.   The GOP proposal, according to Treasury Secretary Steven MnuchinSteven Terner MnuchinWhite House, Senate GOP race to finalize coronavirus package ahead of Monday rollout Congress set for messy COVID-19 talks on tight deadline Sunday shows - Coronavirus relief, stimulus talks dominate MORE, will transition to roughly 70 percent of what an individual's previous wages. But states and GOP lawmakers have warned that it could take weeks, if not months, to be able to switch to unemployment benefits that would be scalable based on a person's wage. Negotiators had discussed doing something similar during the March negotiations but were told by the Labor Department that because of archaic technology it was...
    McConnell seems to think there's all the time in the world. Expanded unemployment insurance (UI) benefits to the millions of Americans who lost their jobs in the coronavirus crisis expired at the end of last week. This week the moratorium on evictions in federally-financed housing units expires. Coronavirus is raging through the South and West and Republican senators and the White House wasted another weekend squabbling among themselves to figure out some kind of plan, knowing full well what they're going to put on offer will be rejected by House Democrats. Mitch McConnell was supposed to have released his big plan last Thursday, then postponed it to Friday. Now they're saying end of the work day Monday. The White...
    Fox News’ Chris Wallace spoke with Treasury Sec. Steve Mnuchin Sunday morning about the ongoing negotiations over the next round of covid relief and the arguing going on between the White House and Senate Republicans. Wallace noted how House Democrats passed their relief bill two months ago but “here we are the last week in July and the White House and Senate Republicans still can’t agree” on what they want, bringing up disagreements Republicans have aired privately and publicly about their issues with the White House proposal. And given how the ban on evictions ran out Saturday and temporary unemployment benefits are ending Friday and the Payroll Protection Program is running out soon, Wallace asked, “Won’t millions of Americans,...
    Treasury Secretary Steven Mnuchin, delivers remarks on the coronavirus relief package after the Senate Republican Policy luncheon in Russell Building on Tuesday, March 17, 2020.Tom Williams | CQ Roll Call | Getty Images Treasury Secretary Steven Mnuchin on Sunday said Republicans have finalized their latest piece of coronavirus relief legislation, worth about $1 trillion, and intend to introduce it Monday.  "We do have an entire plan," Mnuchin said on "Fox News Sunday."  "The [Trump] administration and the Senate republicans are completely on the same page," he added.  Mnuchin said he hopes Congress can work in a bipartisan manner to approve the Republican proposal, which is expected to have another round of $1,200 stimulus checks for Americans and liability protections for businesses and schools. It...