The House was set to pass a $1.9 trillion coronavirus relief package Wednesday and send it to President Biden for his signature, as Democrats prepared to push through new payments to households and other aid measures without any Republican support. The relief bill pairs new funds for public-health measures with another dose of economic aid,… Continue reading House Set to Approve COVID-19 Relief Bill
Tag: stimulus package
McConnell Says No Recovery Bill without Lawsuit Protections for ‘Everyone Related to the Coronavirus’
A new plan under development by the White House and Senate Republicans to deal with the fallout from the coronavirus pandemic is expected to include financial incentives to push schools to reopen while also shielding health care workers and companies against lawsuits, Republicans said Monday, a move that will spur a fight with Democrats. Senate… Continue reading McConnell Says No Recovery Bill without Lawsuit Protections for ‘Everyone Related to the Coronavirus’
Mnuchin Says White House Considering Second Round of Stimulus Payments
The Trump administration is weighing getting behind a second round of stimulus payments for Americans as part of an economic-relief package Congress is likely to consider next month, Treasury Secretary Steven Mnuchin said Thursday. Mr. Mnuchin said he had discussed with President Trump the idea of additional stimulus payments, though no decision had been made… Continue reading Mnuchin Says White House Considering Second Round of Stimulus Payments
Thousands of U.S. Banks May Sit Out Small-Business Rescue Plan on Liability Worries: Sources
Thousands of U.S. banks, including some of the country’s largest lenders, have said they may not participate in the federal government’s small-business rescue program due to concerns about taking on too much legal and financial risk, five people with direct knowledge of industry discussions told Reuters. Seeking to help millions of small businesses that have… Continue reading Thousands of U.S. Banks May Sit Out Small-Business Rescue Plan on Liability Worries: Sources
How Did New Stimulus Bill Bring Changes to Unemployment Benefits?
Two Trillion Dollars in Stimulus Money The United States Senate has come to an agreement on a $2 trillion stimulus package in order to provide relief to the reeling economy. The quarantine has led to people staying in their homes, countless businesses shutting down, and frightening dips in the stock market. The package provides much… Continue reading How Did New Stimulus Bill Bring Changes to Unemployment Benefits?
Congress Moves to Take Up Relief Package
Congress readied to pass an estimated $2 trillion stimulus package aimed at combating the economic consequences of the coronavirus pandemic, hours after legislative leaders and the Trump administration struck a deal. The Senate plans to vote on the mammoth bill on Wednesday, though full text hasn’t been released. The legislation will provide direct financial checks… Continue reading Congress Moves to Take Up Relief Package