Economy

Trump Halt of COVID-19 Relief Talks Draws Sharp Rebuke on Capitol Hill
Economy
Trump Halt of COVID-19 Relief Talks Draws Sharp Rebuke on Capitol Hill
2020-10-06 21:22:56
by Dan McCue

WASHINGTON — Anger on Capitol Hill boiled over Tuesday after President Donald Trump called an abrupt end to negotiations with House Democrats over additional coronavirus relief, delaying action until after the election. Trump announced he was walking away from the... Read More

State Attorneys General Try to Soften SBA Crackdown on Business Loans
State News
State Attorneys General Try to Soften SBA Crackdown on Business Loans
2020-10-06 17:39:18
by Tom Ramstack

The attorneys general from 18 states are pushing back against the Small Business Administration for what they describe as an overly zealous crackdown on fraud in the coronavirus relief loans. They are bothered by the SBA's proposed appeal process for... Read More

Poll Finds Majority of Americans Worried About Another Civil War
Opinion Polls
Poll Finds Majority of Americans Worried About Another Civil War
2020-10-02 19:22:37
by Dan McCue

Sixty-one percent of Americans are worried that the U.S. could be on the verge of another Civil War, while 52% say they've already started stockpiling food and other essential in anticipation of social unrest, according to a new national poll.... Read More

CDC Says Halloween Isn’t Cancelled – Just Modified – This Year
In The News
CDC Says Halloween Isn’t Cancelled – Just Modified – This Year
2020-10-02 14:49:31
by Sara Wilkerson

The Centers for Disease Control and Prevention has released guidelines for fall holiday celebrations. As part of the recommendations, the CDC ranked traditional celebratory activities for Halloween and other fall holidays to help Americans celebrate the autumn season safely amid... Read More

Government Small Business Loans Subjected to Widespread Fraud
Business
Government Small Business Loans Subjected to Widespread Fraud
2020-10-01 19:10:14
by Tom Ramstack

WASHINGTON -- A Small Business Administration inspector general defended his agency Thursday during questioning from members of Congress about reports of widespread fraud in government loans to employers. The loans are supposed to help small businesses stay afloat during the... Read More

Mnuchin Virus Relief Plan Includes More State, Local Funds; House Delays Vote
Economy
Mnuchin Virus Relief Plan Includes More State, Local Funds; House Delays Vote

WASHINGTON — Treasury Secretary Steven Mnuchin offered a $1.62 trillion COVID-19 relief proposal in talks with Speaker Nancy Pelosi on Wednesday, offering more state and local assistance than GOP negotiators have to-date in a sign of potential progress toward a... Read More

Blue Dogs Endorse Fifth Coronavirus Relief Package With Bipartisan, Bicameral Support
Congress
Blue Dogs Endorse Fifth Coronavirus Relief Package With Bipartisan, Bicameral Support
2020-09-29 20:22:37
by Reece Nations

WASHINGTON – The Democratic Blue Dog Coalition announced its support for an emergency funding bill to help municipalities withstand the lasting effects of the COVID-19 pandemic. The legislation, introduced in the House by Rep. Mikie Sherrill, D-N.J., provides $500 billion... Read More

House Democrats Unveil New Coronavirus Relief Plan
Congress
House Democrats Unveil New Coronavirus Relief Plan

WASHINGTON — House Democrats unveiled a $2.2 trillion pandemic relief package Monday night as part of a last-ditch attempt to secure new aid before the Nov. 3 elections. Even as talks resumed between Speaker Nancy Pelosi and Treasury Secretary Steven... Read More

Govs. Whitmer, Cuomo Call for Investigation of Trump’s ‘Politicization’ of Coronavirus Pandemic
Political News
Govs. Whitmer, Cuomo Call for Investigation of Trump’s ‘Politicization’ of Coronavirus Pandemic
2020-09-28 13:46:22
by Reece Nations

New York Gov. Andrew Cuomo and Michigan Gov. Gretchen Whitmer jointly released a statement urging Congress to open an oversight investigation concerning “the Trump administration’s politicization of government functions,” that undermined the nation’s pandemic response. In their statement, the governors... Read More

Pelosi Says Democrats Will Make New Aid ‘Proffer’ to Mnuchin
Congress
Pelosi Says Democrats Will Make New Aid ‘Proffer’ to Mnuchin

Speaker Nancy Pelosi said there’s a chance she and Treasury Secretary Steven Mnuchin can still reach a deal on a coronavirus stimulus package, and that Democrats will unveil a new “proffer” shortly. “I trust Secretary Mnuchin to represent something that... Read More

Threats of Arrest, Job Loss and Surveillance. China Works to Erase Its ‘Model Minority’
Congress
Threats of Arrest, Job Loss and Surveillance. China Works to Erase Its ‘Model Minority’

BEIJING — The herder couldn’t speak for long. His phone was being monitored, he said, as are those of many other Mongols around him. “We have no way out. There’s nothing we can do,” said Gangbater, a herder in Xilingol... Read More

US Jobless Claims Remain Elevated in Sign of Gradual Recovery
Employment
US Jobless Claims Remain Elevated in Sign of Gradual Recovery

Applications for U.S. unemployment benefits were little changed last week, contrasting with estimates for a decline and highlighting an economic recovery that’s coming in fits and starts. Initial jobless claims in regular state programs increased by 4,000 to 870,000 in... Read More

House Democrats Drafting $2.4 Trillion Coronavirus Relief Bill
Congress
House Democrats Drafting $2.4 Trillion Coronavirus Relief Bill

WASHINGTON — Speaker Nancy Pelosi has directed House committee leaders to put together a more slender coronavirus relief package than the one that previously passed the chamber, in their latest offer in talks with the White House. The House could... Read More

Economists Say Pandemic Needs to End Before U.S. Economy Returns to Normal
Economy
Economists Say Pandemic Needs to End Before U.S. Economy Returns to Normal
2020-09-23 17:47:07
by Tom Ramstack

WASHINGTON -- Economists warned Congress Tuesday of long-term damage to the U.S. economy if the coronavirus pandemic is not brought under control soon. They cautioned during two separate congressional hearings that the slow improvement to the economy since the pandemic... Read More

Mnuchin, Powell Say Congress Needs to Pass More COVID-19 Relief
Economy
Mnuchin, Powell Say Congress Needs to Pass More COVID-19 Relief

WASHINGTON — Treasury Secretary Steven Mnuchin, Federal Reserve Chairman Jerome Powell and representatives from both parties agreed on at least one point at a hearing Tuesday: The economy needs more relief from Congress to sustain the recovery from the coronavirus.... Read More

Fixing Unemployment Insurance for Better Economic Recovery
Economy
Fixing Unemployment Insurance for Better Economic Recovery
2020-09-18 19:05:44
by Kate Michael

WASHINGTON — Emergency expansions to Unemployment Insurance provided critical support to workers across the country during the early months of the pandemic. But the major component of these expansions, an additional $600 in weekly benefits, expired at the end of... Read More

Democrats Weigh Next Steps After Trump Backs Bigger Stimulus
Congress
Democrats Weigh Next Steps After Trump Backs Bigger Stimulus

WASHINGTON — Some House Democrats are keeping pressure on House Speaker Nancy Pelosi to bring a new coronavirus relief bill up for a vote next week as they look to signal to voters that the party is pursuing a deal... Read More

Fed Signals Rates Will Stay Near Zero for at Least Three Years
Federal Reserve
Fed Signals Rates Will Stay Near Zero for at Least Three Years

The Federal Reserve left interest rates near zero and signaled it would hold them there through at least 2023 to help the U.S. economy recover from the coronavirus pandemic. The Federal Open Market Committee “expects to maintain an accommodative stance... Read More

Despite Pressure for COVID-19 Relief Deal, Stalemate Continues
Congress
Despite Pressure for COVID-19 Relief Deal, Stalemate Continues

WASHINGTON — Speaker Nancy Pelosi on Tuesday headed a call from her members to commit to keeping the House in session until there’s a coronavirus relief deal, but the vow does little to break the stalemate in bipartisan negotiations that... Read More

Problem Solvers Step Into Relief Bill Void to Offer Bipartisan Plan
Congress
Problem Solvers Step Into Relief Bill Void to Offer Bipartisan Plan
2020-09-15 17:52:53
by Dan McCue

WASHINGTON - A bipartisan group of 50 centrist lawmakers on Tuesday unveiled a $1.5 trillion proposal they hope will end the current stalemate over new relief to bolster the coronavirus battered economy. The Problem Solvers Caucus, led by co-chairs Reps.... Read More

Trump Made a Promise to Save Coal in 2016. He Couldn’t Keep It
Congress
Trump Made a Promise to Save Coal in 2016. He Couldn’t Keep It

President Donald Trump spent more than $1 billion in taxpayer funds, rolled back environmental rules and tried to stop power plant closings to fulfill a vow he made to West Virginia coal miners in the 2016 campaign. But nothing he’s... Read More

Senate Democrats Block GOP Coronavirus Plan as Hopes Fade for Relief Deal
Political News
Senate Democrats Block GOP Coronavirus Plan as Hopes Fade for Relief Deal

WASHINGTON — The congressional stalemate over a new coronavirus relief package grew further entrenched Thursday as Senate Democrats blocked a slimmed-down Republican proposal that they deemed “emaciated” because it did not include another round of $1,200 stimulus checks for Americans,... Read More

US Jobless Claims Failed to Decline as Expected Last Week
Employment
US Jobless Claims Failed to Decline as Expected Last Week

Applications for U.S. state unemployment benefits failed to decline as expected last week, a sign extensive job losses are persisting as the nation continues to struggle to control the coronavirus. Initial jobless claims in regular state programs were unchanged at... Read More

Amtrak Asks Congress for Supplement to Avoid Bankruptcy Caused by Pandemic
Congress
Amtrak Asks Congress for Supplement to Avoid Bankruptcy Caused by Pandemic
2020-09-10 15:10:30
by Tom Ramstack

WASHINGTON -- Amtrak made a plea to Congress Wednesday for billions of dollars in supplemental funding to avoid financial collapse as the coronavirus pandemic continues to devastate its ridership. The number of riders on the national passenger railroad dropped by... Read More

Copycat Websites, Newly Minted Companies, Double Dippers Cashed in on PPP Loans
Economy
Copycat Websites, Newly Minted Companies, Double Dippers Cashed in on PPP Loans

A suspicious online university whose curriculum appears to be cut and pasted from a European school, two companies with nearly identical websites and two others with practically no internet presence — all five of these businesses are connected to the... Read More

American Bar Association Urges Congress to Provide Aid to Tenants at Risk of Eviction
Congress
American Bar Association Urges Congress to Provide Aid to Tenants at Risk of Eviction
2020-09-09 22:45:48
by Daniel Londono

WASHINGTON - The American Bar Association urged Congress last week to extend a moratorium on the eviction of renters who've lost their jobs or been otherwise adversely impacted by the coronavirus pandemic. A national moratorium on evictions was originally adopted... Read More

No Stimulus Checks for Americans in Slimmed-down GOP Coronavirus Relief Package
Economy
No Stimulus Checks for Americans in Slimmed-down GOP Coronavirus Relief Package

WASHINGTON — Senate Republicans plan to vote later this week on another economic relief package for Americans dealing with the COVID-19 pandemic, but the slimmed-down plan — which does not include new checks for individuals — is already a deal-breaker... Read More

Not So Strange Bedfellows: Trade Unions, Private Equity Group, Form New Partnership
Infrastructure
Not So Strange Bedfellows: Trade Unions, Private Equity Group, Form New Partnership
2020-09-08 23:34:26
by Dan McCue

WASHINGTON - It was the kind of announcement that makes one stop and wonder if they'd heard it right. While unions have profitably invested in private equity firms as part of their portfolio for years, the general belief about the... Read More

NY Democratic Leaders Urge Congress to Pass RESTART Act
Arts
NY Democratic Leaders Urge Congress to Pass RESTART Act
2020-09-08 22:24:09
by Sara Wilkerson

Yesterday, Rep. Antonio Delgado and Sen. Kirsten Gillibrand visited the Bethel Woods Center for the Arts in an effort to push Congress to pass the bipartisan-supported RESTART Act, which will help live event venues, small and mid-sized businesses which have... Read More

McConnell Proposes 'Targeted' COVID-19 Relief Package, but Dems Say It's Not Enough
Congress
McConnell Proposes 'Targeted' COVID-19 Relief Package, but Dems Say It's Not Enough
2020-09-08 21:24:27
by Dan McCue

WASHINGTON - Senate Majority Leader Mitch McConnell said Tuesday the Senate would vote on a trimmed-down Republican coronavirus relief package, though it's unlikely to appeal to Democrats who have already passed a much more sweeping package in the House. The... Read More

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