stimulus

Government, Business

Yellen Says Aid to Jobless, Small Firms ‘Biggest Bang’ for Buck

Janet Yellen, Joe Biden's nomination for Treasury Secretary, arrives for a news conference in Delaware in December 2020. (AP) Janet Yellen, Joe Biden's nomination for Treasury secretary, arrives for a news conference in Delaware in December 2020. (Andrew Harnik/Associated Press)

Janet Yellen told lawmakers Jan. 19 that help for the unemployed and small businesses would provide the “biggest bang for the buck” as she made the case for President-elect Joe Biden’s $1.9 trillion COVID-19 relief plan.

Saleha Mohsin | Bloomberg News
January 19, 2021
Government, Business

Biden to Unveil $1.9 Trillion COVID-19 Package in Political Test

President-elect Joe Biden is set to speak about his economic plan at 7:15 p.m. on Jan. 14. President-elect Joe Biden is set to speak about his economic plan at 7:15 p.m. on Jan. 14. (Jim Watson/AFP/Getty Images)

President-elect Joe Biden on Jan. 14 will unveil a $1.9 trillion COVID-19 relief package, according to two people familiar with the matter, setting up his first legislative test in the face of a split U.S. Senate and a deteriorating economy.

Nancy Cook and Billy House | Bloomberg News
January 14, 2021
Government, Business

Schumer Asks Biden to Push for More Than $1.3 Trillion Stimulus

Senate Minority Leader Chuck Schumer speaks during a news conference at the Capitol on Jan. 6. Senate Minority Leader Chuck Schumer speaks during a news conference at the Capitol on Jan. 6. (Ting Shen/Bloomberg News)

Incoming Senate Majority Leader Chuck Schumer has pressed President-elect Joe Biden to propose more than $1.3 trillion in spending for his initial round of COVID-19 relief, according to a person familiar with the matter.

January 13, 2021
Government, Business

Biden’s Go-Big Stimulus Plans Will Test Closely Divided Senate

President-elect Joe Biden's interest in a large stimulus bill likely will face a test in the Senate. President-elect Joe Biden's interest in a large stimulus bill likely will face a test in the Senate. (Jim Watson/AFP/Getty Images)

President-elect Joe Biden’s plan to pass a multitrillion-dollar economic stimulus package early in his administration faces challenges in a closely divided U.S. Senate, with a potential impeachment trial for Donald Trump that could add to delays.

January 11, 2021
Government, Business

Democrats’ Senate Sweep in Georgia Signals Boost to Economy

A person holds a "New Year New Senate" sign during a "Get Out the Vote" event in Georgia on Jan. 3. A person holds a "New Year New Senate" sign during a "Get Out the Vote" event in Georgia on Jan. 3. (Elijah Nouvelage/Bloomberg News)

Chances of another federal stimulus package got a boost as Democrats swept this week’s Senate runoff elections in Georgia, offering the prospect of more support for people and businesses hammered by the pandemic.

January 6, 2021
Government, Business

McConnell Blocks Democrats’ Bid to Pass $2,000 Stimulus Checks

Senate Majority Leader Mitch McConnell walks to the Senate floor on Dec. 15. Senate Majority Leader Mitch McConnell walks to the Senate floor at the U.S. Capitol on Dec. 15. (Sarah Silbiger/Bloomberg News)

Senate Majority Leader Mitch McConnell on Dec. 29 blocked an attempt by Democrats to force quick action on increasing direct stimulus payments to $2,000 despite President Donald Trump’s demands for the change.

December 29, 2020
Government, Business

All Eyes on Senate After House Backs Trump on $2,000 Checks

Mitch McConnell by Oliver Contreras/Bloomberg News Senate Majority Leader Mitch McConnell hasn’t said whether the Senate would take up the House bill, attempt to vote on a different measure that would also increase direct payments or simply ignore the issue. (Oliver Contreras/Bloomberg News)

The House on Dec. 28 passed a bill replacing the $600 stimulus checks in the newly enacted virus relief bill with $2,000 payments, as Democrats and moderate Republicans voted in favor of a proposal backed by President Donald Trump.

December 28, 2020
Government, Business

House Set to Vote on $2,000 Stimulus Checks Trump Demanded

The U.S. Capitol is seen at dawn on Dec. 28. (Oliver Contreras/Bloomberg News) The U.S. Capitol is seen at dawn on Dec. 28. (Oliver Contreras/Bloomberg News)

The House is set to vote Dec. 28 to replace the $600 stimulus payments in the newly enacted pandemic relief law with the $2,000 President Donald Trump demanded — a Democratic-led effort that is politically fraught for congressional Republicans and unlikely to become law.

December 28, 2020
Government, Business

House GOP Foils Move on Trump’s $2,000 Checks

House Majority Leader Steny Hoyer (Ting Shen/Bloomberg News) House Majority Leader Steny Hoyer holds a news conference Dec. 24. (Ting Shen/Bloomberg News)

A surprise scuffle over pandemic relief is set to run up against a crucial federal funding deadline the week of Dec. 28 as Democrats side with President Donald Trump in his demand for $2,000 payments to most Americans and Republicans take up his criticism of government spending.

Billy House | Bloomberg News
December 24, 2020
Government, Business

Pelosi Urges Trump to Press GOP to Back $2,000 Checks

House Speaker Nancy Pelosi speaks at a news conference at the U.S. Capitol on Dec. 20. House Speaker Nancy Pelosi speaks at a news conference at the U.S. Capitol on Dec. 20. (Ting Shen/Bloomberg News)

House Speaker Nancy Pelosi pledged swift action on new legislation boosting stimulus payments for individuals to $2,000, urging Republicans to join Democrats in meeting a last-minute demand from President Donald Trump that threw a historic pandemic relief package into doubt.

December 23, 2020

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