stimulus

Government, Business

Senate GOP to Focus on Schools, Jobs in COVID-19 Stimulus

Mitch McConnell Senate Majority Leader Mitch McConnell (R-Ky.) by Andrew Harrer/Bloomberg News

The Senate’s next round of stimulus funding related to the coronavirus pandemic is likely to assist with education and boost the workforce, the chamber’s leader indicated.

Eugene Mulero | Senior Reporter
July 16, 2020
Government, Business

White House Wants Stimulus by August Recess With $1 Trillion Cap

Stools are stored on top of a table at a bar temporarily closed in Arizona on June 30. Stools are stored on top of a table at a bar temporarily closed in Arizona on June 30. (Cheney Orr/Bloomberg News)

The White House wants Congress to pass another stimulus package by the first week in August, before lawmakers head home for their annual summer recess, and to keep the cost at $1 trillion or less, according to Vice President Mike Pence’s top aide.

July 7, 2020
Government, Business

McConnell Expects New Virus Relief Bill by End of Month

Mitch McConnell. McConnell said July 6 that he expected the Senate to introduce a new virus stimulus bill in the coming weeks. (Al Drago/Bloomberg News)

Senate Majority Leader Mitch McConnell predicted Congress will pass one final coronavirus rescue package later this month and appealed to everyone in public life to urge people to wear masks to control the spread.

Steven T. Dennis | Bloomberg News
July 6, 2020
Government, Business

House Clears Extension of Small Business Loan Program to August

The U.S. Capitol stands past Pennsylvania Avenue in Washington on April 1. The U.S. Capitol stands past Pennsylvania Avenue in Washington on April 1. (Andrew Harrer/Bloomberg News)

The House gave final last-minute congressional approval July 1 to extending the popular Paycheck Protection Program for small businesses until Aug. 8, hours after the deadline for applications lapsed with more than $130 billion still available.

July 2, 2020
Government, Business

Trump Says He’ll Ask Congress for Additional Economic Stimulus

President Donald Trump speaks in Rose Garden June 5, 2020 President Donald Trump speaks in the Rose Garden of the White House June 5. White House chief economic adviser Larry Kudlow (left) and Labor Secretary Eugene Scalia (top right) listen. (Evan Vucci/Associated Press)

President Donald Trump said he’ll ask Congress to pass more economic stimulus, including a payroll tax cut, even after the government reported a surprise improvement in U.S. unemployment June 5.

June 5, 2020
Government, Business, Safety

Senate Republicans Seek to Clear Small Business Loan Changes

Senate Majority Leader Mitch McConnell walks to his office at the U.S. Capitol on May 21. Senate Majority Leader Mitch McConnell walks to his office at the U.S. Capitol on May 21. (Stefani Reynolds/CNP/Abaca Press/TNS)

Senate Majority Leader Mitch McConnell will attempt to expedite approval of changes to the popular Paycheck Protection Program aimed at giving small businesses more flexibility in using the money from the fund, according to Senate aides.

June 1, 2020
Government, Business, Safety

Mnuchin Says ‘Strong Likelihood’ for More Stimulus Spending

Treasury Secretary Steven Mnuchin. Treasury Secretary Steven Mnuchin. (Bloomberg News)

Treasury Secretary Steven Mnuchin said Congress very likely will need to pass more stimulus legislation for the U.S. economy, as the nation struggles to recover from the coronavirus outbreak.

Saleha Mohsin | Bloomberg News
May 21, 2020
Government, Business, Safety

Democrats’ $3 Trillion New Virus Bill Aids States, Essential Workers

House Speaker Nancy Pelosi speaks during a Capitol Hill news conference May 7. House Speaker Nancy Pelosi speaks during a Capitol Hill news conference May 7. (Manuel Balce Ceneta/Associated Press)

House Speaker Nancy Pelosi unveiled a more than $3 trillion coronavirus aid package May 12, providing nearly $1 trillion for states and cities, “hazard pay” for essential workers and a new round of cash payments to individuals.

May 12, 2020
Government, Business, Safety

Pelosi Pushes New Aid Deal as GOP Resists Big Spending

House Speaker Nancy Pelosi talks to reporters on Capitol Hill in Washington on May 5. House Speaker Nancy Pelosi talks to reporters on Capitol Hill in Washington on May 5. (Manuel Balce Ceneta/Associated Press)

House Speaker Nancy Pelosi pressed ahead May 5 with the next coronavirus aid, a sweeping $800 billion-plus package that is expected to be unveiled soon even as the House stays closed while the Senate reopens in the pandemic.

Lisa Mascaro | Associated Press
May 5, 2020
Government, Business

Trump Focused on Infrastructure for Next Stimulus Package

Donald Trump President Donald Trump wants to fund infrastructure needs in the next economic stimulus. (CSPAN)

After Congress cleared a nearly $500 billion small-business assistance bill, the Trump White House intends to pursue funding for infrastructure projects in the next economic stimulus measure.

Eugene Mulero | Senior Reporter
April 22, 2020

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