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Experts Unsure Whether Stimulus Causing Inflation
Economy
Experts Unsure Whether Stimulus Causing Inflation
2021-07-02 18:47:08
by Kate Michael

WASHINGTON — If it seems like prices are going up for things like gas, groceries, vehicles, and houses, they are. The Consumer Price Index has risen by an average of 0.7% per month over the last three months, is now... Read More

McConnell Blocks Vote on $2,000 Stimulus Checks
Political News
McConnell Blocks Vote on $2,000 Stimulus Checks
2020-12-29 18:53:43
by Dan McCue

WASHINGTON - Senate Majority Leader Mitch McConnell, R-Ky., blocked a bid by Democrats on Tuesday to hold a stand-alone vote on increasing the amount of recently agreed upon stimulus checks from $600 to $2,000. McConnell did not specifically explain why... Read More

Surging Unemployment In Travel Sector Likely to Make for Memorial Day Like No Other
Economy
Surging Unemployment In Travel Sector Likely to Make for Memorial Day Like No Other
2020-05-20 17:18:38
by Dan McCue

WASHINGTON - Unemployment among the nation's travel sector workers has reached 51% heading into the Memorial Day weekend, as Americans continue to refrain from resuming their normal lives in the face of the slowly easing coronavirus pandemic, according to data... Read More

Experts Warn Injecting Money Into Higher Ed Without Oversight Could Lead to Profiteering
In The News
Experts Warn Injecting Money Into Higher Ed Without Oversight Could Lead to Profiteering
2020-05-20 17:12:46
by Gaspard Le Dem

WASHINGTON -- Experts say that injecting federal money into America’s higher education system amid the coronavirus crisis could unintentionally lead to more profiteering in the industry. The pandemic has taken a significant toll on U.S. colleges and universities, shutting down... Read More

Bipartisan, Bicameral Legislation Promises New Aid to State, Local Governments
Congress
Bipartisan, Bicameral Legislation Promises New Aid to State, Local Governments
2020-05-19 14:03:45
by Dan McCue

WASHINGTON - A bipartisan, bicameral effort is underway to provide hundreds of billions in funding to state and local governments reeling from the budgetary hit they've taken due to the coronavirus outbreak. The House bill introduced Monday by Reps. Josh... Read More

House Democrats Roll Out $3 Trillion Coronavirus Relief Package
Congress
House Democrats Roll Out $3 Trillion Coronavirus Relief Package
2020-05-12 19:06:56
by Dan McCue

WASHINGTON - House Democrats rolled out their latest package of legislation intended to provide economic relief during the coronavirus pandemic while focusing on areas that were either missed or in need of revision in other aid packages. In a briefing... Read More

Federal Reserve Expands Scope of Main Street Lending Program
Economy
Federal Reserve Expands Scope of Main Street Lending Program
2020-05-01 14:24:57
by Dan McCue

WASHINGTON - The Federal Reserve said Thursday it is expanding the scope and eligibility for the Main Street Lending Program, a vehicle created to help credit flow to small and medium-sized businesses that were in sound financial shape before the... Read More

Federal Reserve Extends Lending to Smaller US Cities and Counties
Economy
Federal Reserve Extends Lending to Smaller US Cities and Counties
2020-04-28 20:22:16
by Dan McCue

WASHINGTON - The Federal Reserve is expanding the eligibility criteria for a lending program intended to support the municipal bond market to allow small U.S. cities and municipalities to access needed funds from the central bank. The loosening of lending... Read More

Congress Passes Expanded Small-Business Loan Funding to Address Coronavirus Shutdowns
Economy
Congress Passes Expanded Small-Business Loan Funding to Address Coronavirus Shutdowns

WASHINGTON — With unemployment claims topping 26 million in the last five weeks because of the coronavirus pandemic, the House voted Thursday to approve another half-trillion dollars in federal relief to replenish a depleted small-business loan program and provide money... Read More

Blue Dogs Call on Administration to Prioritize Community-Based Financial Institutions
Economy
Blue Dogs Call on Administration to Prioritize Community-Based Financial Institutions
2020-04-21 20:33:38
by Dan McCue

WASHINGTON - The Blue Dog Coalition urged the Trump administration Tuesday to fix problems community-based financial institutions are encountering as they try to access the Paycheck Protection Program. In a letter to Treasury Secretary Steven Mnuchin and Jovita Carranza, administrator... Read More

Real Estate Industry Hoping for Stimulus Aid for Non-Depository Lenders
Economy
Real Estate Industry Hoping for Stimulus Aid for Non-Depository Lenders
2020-03-31 16:14:38
by Dan McCue

WASHINGTON - Even before Congress had passed the third economic stimulus package of the coronavirus era on Friday, talk had turned to what should be included in a currently hypothetical, but no less likely, fourth stimulus bill. Among the welcome... Read More

Coronavirus Stimulus Plan Could Deliver $3K to Family of Four
Economy
Coronavirus Stimulus Plan Could Deliver $3K to Family of Four

The emerging $1 trillion aid package intended to help weather the COVID-19 economic storm appears likely to deliver $1,000 to every U.S. adult, plus $500 per child, according to Treasury Secretary Mnuchin and a GOP senator involved in the drafting.... Read More

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