Category Archives: Business & Finance

Dems block McConnell bid to swiftly approve $250B more for small business fund

Screw the idea of mail in ballots…..Demonrats then could have people voting multiple times. Give the voters masks, and let them vote in person. A $250 billion urgent request to shore up a depleting small business fund failed to pass the Senate Thursday after Democrats objected to the measure pushed by the White House and Senate Majority Leader Mitch McConnell.

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Administration Refuses Delay to Food Benefit Cut

Trump administration officials have refused to delay a planned food benefit cut despite the burgeoning coronavirus outbreak. In April, the U.S. Department of Agriculture is set to tighten rules for unemployed adults who don’t have minor children or disabilities, a policy that will shrink food benefit enrollment by 700,000, or about 2% annually.

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Trump: Oil Price Drop ‘Good for the Consumer’

President Donald Trump sought to calm the nation’s growing economic panic Monday by blaming the media and Democrats for fanning the flames of coronavirus fears, while praising the massive drop in oil prices as “good for the consumer.”

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Stocks surge higher after unemployment claims post record surge

U.S. equity markets clambered higher Thursday as investors digested record jobless claims and waited for the House to vote on a $2 trillion relief package.

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Wall Street Rises After 7-Day Rout: Dow Surges 600

Stocks rose in midday trading on Wall Street Monday following a seven-day rout brought on by worries that the spreading coronavirus outbreak will stunt the global economy. The Dow soared about 600 points.

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Covid 19 legislation – Pelois caves

Wednesday House Speaker Nancy Pelosi signaled tepid support for the Senate’s multitrillion-dollar coronavirus response package, saying the bipartisan deal has moved from “corporations-focused to workers-first” and her colleagues will review the plan.

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What’s in Democrats’ coronavirus bill? Arts funding, union help and more

As Senate Republicans were reeling late Monday following two unsuccessful procedural votes on their version of a coronavirus response bill, House Speaker Nancy Pelosi, D-Calif., released her chamber’s version of legislation to fight the disease and its economic effects — and it includes a raft of provisions with questionable relevance to the pandemic that has killed more than 17,000 worldwide and sickened more than 390,000.

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What is the STOCK Act?

Reports of multiple senators selling stocks before the coronavirus pandemic rocked the markets have renewed attention on something called the STOCK Act.

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Tax Day moving to July 15 amid coronavirus crisis, Mnuchin announces

Friday Treasury Secretary Steven Mnuchin announced that the deadline for filing federal taxes will move from April 15 to July 15 — a move to ease the burden the coronavirus outbreak has put on individuals and the economy.

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White House eyes massive $850B stimulus package next, as Senate moves on latest coronavirus bill

White House officials and congressional lawmakers are signaling they will attempt to push through a third coronavirus spending package worth hundreds of billions of dollars even as the Senate works to move along the more modest second relief bill that focuses on leave for workers and expedited testing for the disease officially known as COVID-19.

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