Posted in CARES Act Congress coronavirus Economics Heritage Foundation HEROES Act House of Representatives Senate stimulus unemployment Wall Street Journal

WSJ Analysis Shows Why Congress Shouldn’t Keep Subsidizing Extra Unemployment

The enormous, debt-funded unemployment benefits beefed up just several months ago de-incentivized work and created undue hurdles for businesses to bring back employees.

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Posted in airlines American Airlines bail out Business CARES Act Congress Delta House Democrats Mitch McConnell Nancy Pelosi Senate United Airlines

American Airlines To Cut 19,000 Jobs When Federal Aid Expires In October

American Airlines announced Tuesday it would be laying off 19,000 employees once federal support from the CARES Act expires in October.

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Posted in Chuck Schumer Congress coronavirus Coronavirus relief bill Democrats federal spending HEROES Act Nancy Pelosi New York Senate tax cut Taxes

In Coronavirus Spending Bill, Democrats Push Massive Tax Cut For The Rich

The Democrat proposal would give an average tax cut of $33,000 to the top 1 percent of income earners, says a Brookings Institution estimate.

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Posted in CARES Act Cares Act II coronavirus Economy Mitch McConnell Politics Senate

Republicans Delay Release of Coronavirus Relief Plan

Plans to release the coronavirus relief proposal fell apart Thursday afternoon.

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Posted in CARES Act Democrats Economics HEROES Act House of Representatives Joblessness Labor Department Mitch McConnell Nancy Pelosi Republicans Senate unemployment

Jobless Claims Eclipse 40 Million Under Pandemic Lockdowns

While Thursday’s new jobs numbers show an 8-week decline in new first-time filings, new jobless claims still shatter previous records.

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Posted in China coronavirus Economy health Politics Randal Quarles Senate Senate Banking Committee

Watch Live: Senate Hearing on Oversight of Banks During Coronavirus Pandemic

The Senate Banking, Housing, and Urban Affairs Committee will hold a virtual hearing on Tuesday on oversight of financial regulators amid the coronavirus pandemic.

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Posted in Chuck Schumer coronavirus Economy health Mitch McConnell oversight Politics Senate

Schumer Demands Oversight Hearings for Trump’s ‘Abject Failure’ Implementing Coronavirus Relief

Senate Minority Leader Chuck Schumer (D-NY) on Tuesday called for oversight hearings as early as next week over what he said is President Trump’s “abject…

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Posted in Economy Politics privacy and security Senate Tech Zoom Zoom Bombing

Sergeant-At-Arms Tells Senators to Stop Using Zoom

The U.S. Senate Sergeant-at-Arms has reportedly advised members to cease the use of video conferencing app Zoom following a number of security issues being made…

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Posted in Congress Democrats Economics Economy Labor Department MetLife Republicans Senate Small Businesses Tennessee U.S. Chamber of Commerce

Unemployment Claims Continue To Skyrocket Amid Wuhan Virus Pandemic With 6.6 Million New Filings Last Week

The three-week total of new unemployment claims is 16.8 million as the economic fallout over the Wuhan coronavirus continues to take its toll.

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Posted in coronavirus Donald Trump Economy health Kevin McCarthy Politics Senate

House Passes Historic Coronavirus Relief Package

The House passed a substantial emergency relief bill on Friday afternoon that would provide aid to the small businesses, hospitals, and Americans suffering from the…

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Posted in Chuck Schumer coronavirus Donald Trump Economy health Mitch McConnell Politics Senate steven mnuchin Wuhan virus

Senate Releases $2 Trillion Coronavirus Package

The Senate released the text for the $2 trillion coronavirus package Wednesday evening that would provide immediate economic relief to small businesses and Americans.

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Posted in Breitbart News Daily Chinese coronavirus Chuck Schumer coronavirus Economy health Joni Ernst Politics Senate

Exclusive: Joni Ernst Urges Americans to Support Each Other During Crisis, Knocks Schumer over Relief Package

Sen. Joni Ernst (R-IA) on Wednesday urged Americans to support each other as lawmakers work to strike a deal on a measure providing economic relief…

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Posted in coronavirus Economy health Politics rescue Senate

Stocks Sink as Democrats Block Economic Rescue Bill

Hopes for quick progress on an economic rescue package in the U.S. Senate were crushed by Democrats Monday.

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Posted in coronavirus Economy health Nancy Pelosi Politics Senate U.S. Congress

Nancy Pelosi Proposes 1,400-Page Coronavirus Bill Stuffed with Special Interest Goodies

The bill includes a wish list of Democrats’ pet issues, including increased fuel emission standards for airlines and the expansion of wind and solar tax…

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Posted in coronavirus Economy health Mitch McConnell Politics Senate

McConnell Introduces Rescue Package With $2400 Checks for Families, $500 For Kids

The rescue package has been introduced by Senate Majority Leader Mitch McConnell.

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