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WASHINGTON — Sen. Bernie Sanders said Friday he opposes the emerging bipartisan deal on coronavirus relief, objecting to giving "legal immunity to corporations" and the exclusion of a new round of $1,200 direct payments. While many lawmakers in both parties have expressed optimism and support for the emerging deal, Sanders' statement indicates progressive resistance. Hours earlier, Rep. Alexandria Ocasio-Cortez, D-N.Y., expressed some similar concerns in an interview with NBC News but remained open to voting for a package. House Speaker Nancy Pelosi, D-Calif., and McConnell spoke this week and expressed optimism about reaching a Covid aid deal and combining it into government funding legislation. Families and working people in need should be the FIRST consideration in COVID relief, not last."
Persons: WASHINGTON — Sen, Bernie Sanders, Romney, Sanders, Sen, Joe Manchin, Mitt Romney, Mitch McConnell, Alexandria Ocasio, we're, it's, Cortez, Joe Biden, Nancy Pelosi, McConnell, Josh Hawley, , Sanders —, I'm, Hawley Organizations: Democrats, Movement, NBC News, Democratic, Republicans Locations: R, Utah, Ky, Alexandria, Cortez, Wilmington
And they need more to come early next year,” said Biden, who takes office on Jan. 20. A government report on Friday showed the labor market slowing in November as the COVID-19 pandemic eclipsed its levels of the spring. Congress is going to need to act again in January,” Biden told reporters in his hometown of Wilmington, Delaware. PRESSURE FOR DIVERSITYBiden, who earlier this week unveiled his economic team, faces intensifying pressure from congressional allies and advocacy groups to make ethnically diverse picks for the remaining slots in his administration. Transition spokeswoman Jen Psaki told reporters on Friday that Biden would announce more positions early next week, including members of his public health team.
Persons: Joe Biden, Friday’s, , Biden, Donald Trump, ” Biden, , Mitch McConnell, Jeff Zients, Obama, Leah Millis, Governor Michelle Lujan Grisham, Lujan Grisham, Janet Yellen, Neera Tanden, Cecilia Rouse, Jen Psaki, Mike Pence, David Perdue, Kelly Loeffler, Trump, Perdue, Loeffler Organizations: U.S, Congress, Democratic, Republican, COVID, REUTERS, Biden, National Association for, Advancement of Colored People, Black voters, The League, United Latin American, Congressional Hispanic Caucus, Human Services, Management, of Economic Advisers, U.S . Senate, Centers for Disease Control, Prevention Locations: WILMINGTON, Del, COVID, Wilmington , Delaware, U.S, Mexican, United States, Georgia, Atlanta
And they need more to come early next year,” said Biden, who takes office on Jan. 20. A government report on Friday showed the labor market slowing in November as the COVID-19 pandemic eclipsed its levels of the spring. Congress is going to need to act again in January,” Biden told reporters in his hometown of Wilmington, Delaware. PRESSURE FOR DIVERSITYBiden, who earlier this week unveiled his economic team, faces intensifying pressure from congressional allies and advocacy groups to make ethnically diverse picks for the remaining slots in his administration. Georgia’s Republican Secretary of State Brad Raffensperger has said his office found no evidence of widespread fraud.
Persons: Joe Biden, Friday’s, , Biden, Donald Trump, ” Biden, , Mitch McConnell, Jeff Zients, Obama, Biden’s, Governor Michelle Lujan Grisham, Lujan Grisham, Janet Yellen, Neera Tanden, Cecilia Rouse, Jen Psaki, Mike Pence, David Perdue, Kelly Loeffler, Trump, Perdue, Loeffler, Trump’s, Brad Raffensperger Organizations: U.S, Congress, Democratic, Republican, COVID, Biden, National Association for, Advancement of Colored People, Black voters, The League, United Latin American, Congressional Hispanic Caucus, Human Services, Management, of Economic Advisers, U.S . Senate, Centers for Disease Control, Prevention Locations: WILMINGTON, Del, COVID, Wilmington , Delaware, Mexican, United States, Georgia, Atlanta, Nevada and Wisconsin
The pandemic has pushed millions of Americans to the cliff’s edge, with the ground crumbling at year’s end without further stimulus action by Congress. When federal emergency coronavirus relief protections expire, some as soon as the day after Christmas, 13 million Americans will lose their jobless benefits. “It’s another fiscal cliff when families have already gone over a fiscal cliff,” Diane Swonk, chief economist at Grant Thornton, told NBC News. House Speaker Nancy Pelosi, D-Calif., said Friday that there is "momentum" on Capitol Hill to reach a deal on coronavirus relief, further optimism that legislation could be approved before the end of the year. Laid off in March, her unemployment benefits — which expire on Dec. 26 — barely cover her rent.
Persons: Joe Biden, Mitch McConnell, It’s, Diane Swonk, Grant Thornton, Covid, ” Swonk, , Nancy Pelosi, Pelosi, can’t, Rachel Alvarez, ” Alvarez, Alvarez, hasn’t, I’m, Kelly Ann Hotchkin, “ We've, ” Hotchkin, Vanessa Brito, ” Brito, “ They’re Organizations: Congress, NBC News, Institute, Centers for Disease Control Locations: America, Ky, Austin, Chicago, Charlotte, Naples , Florida, coronavirus, Hamilton , New Jersey, Miami
U.S. House votes to decriminalize marijuana at federal level
  + stars: | 2020-12-04 | by ( Susan Cornwell | ) www.reuters.com sentiment -0.96   time to read: +2 min
WASHINGTON (Reuters) - The U.S. House of Representatives voted on Friday to decriminalize marijuana at the federal level, but the legislation is not expected to advance further as long as the Senate remains in Republican hands. FILE PHOTO: Marijuana enthusiasts gather after midnight to celebrate the legalization of recreational use of marijuana in Portland, Oregon July 1, 2015. The Democratic-majority House voted 228-164, largely along party lines, to lift the federal prohibition. The bill the House passed would allow states to regulate marijuana, Representative Earl Blumenauer, a Democrat and co-chairman of the Congressional Cannabis Caucus, said in debate. The cannabis bill would expunge federal marijuana convictions and impose a 5% tax on cannabis products.
Persons: Steve Dipaola, Mitch McConnell, Earl Blumenauer, , Debbie Lesko, Blumenauer Organizations: WASHINGTON, U.S . House, Marijuana, REUTERS, District of Columbia, Democratic, Republican, Georgia Senate, Democrat, Congressional Cannabis Caucus Locations: Portland , Oregon
WASHINGTON — House Speaker Nancy Pelosi, D-Calif., said Friday that there is "momentum" on Capitol Hill to reach a deal on coronavirus relief, further optimism that legislation could be approved before the end of the year. The deal would provide for augmented unemployment payments through March but would not send another round of checks to the nation. That means lawmakers negotiating another round of aid are working on a tight deadline after months of deadlocked negotiations. Pelosi and Senate Minority Leader Chuck Schumer, D-N.Y., voiced their support for a $908 billion bipartisan proposal presented by members of the Senate and House on Tuesday. "We had some not to good news on the jobs front that further necessitates our taking action to crush the virus," Pelosi said.
Persons: Nancy Pelosi, Pelosi, Mitch McConnell, Chuck Schumer, McConnell, Joe Biden Organizations: WASHINGTON, Republicans, House, Democrats Locations: Ky
Pelosi cites momentum on coronavirus relief bill talks
  + stars: | 2020-12-04 | by ( Reuters Staff | ) www.reuters.com sentiment -0.53   time to read: +1 min
House Speaker Nancy Pelosi (D-CA) speaks to reporters during her weekly news conference at the U.S.Capitol in Washington, U.S., December 4, 2020. REUTERS/Tom BrennerWASHINGTON (Reuters) - U.S. House Speaker Nancy Pelosi said on Friday there was momentum behind talks on a coronavirus relief bill and that a bipartisan COVID-19 proposal could be the basis for relief negotiations. There is momentum,” Pelosi told reporters at a press conference. But it is unclear whether McConnell would agree to such a large package after pushing to keep COVID-19 relief spending near the $500 billion mark. The bipartisan package is also smaller than the $2.2 trillion deal that Pelosi and Senate Democratic leader Chuck Schumer have sought.
Persons: Nancy Pelosi, Tom Brenner WASHINGTON, ” Pelosi, Mitch McConnell, McConnell, Pelosi, Chuck Schumer, Organizations: REUTERS, ., Republicans, Democratic Locations: Washington , U.S
Lawmakers enacted $3 trillion in aid earlier this year but have not been able to agree on fresh relief since the spring. “The situation requires urgent action,” President-elect Joe Biden in a statement that called on the Trump administration and Congress to reach agreement on coronavirus relief. But it is unclear whether McConnell would agree to such a large package after pushing to keep COVID-19 relief spending near the $500 billion mark. White House economic adviser Larry Kudlow, speaking to reporters at the White House on Friday, declined to comment on whether the $908 billion bipartisan proposal was too expansive. He said Trump wanted to see a “targeted” coronavirus relief bill.
Persons: Nancy Pelosi, Tom Brenner, , Tom Reed, Joe Biden, Trump, It’s, ” Biden, , Pelosi, Mitch McConnell, ” Pelosi, Reed, McConnell, Donald Trump, Larry Kudlow Organizations: WASHINGTON, U.S, Congress, REUTERS, House, Republican, Democratic, ” U.S, Health, U.S . Chamber, Commerce, COVID, Senate, Republicans, Kentucky Republican, White Locations: Washington , U.S, , U.S, Kentucky
As the cannabis industry continues to take root state by state, Congress will consider whether to remove marijuana from the federal Controlled Substances Act once and for all. The House will vote Friday on the Marijuana Opportunity Reinvestment and Expungement Act, or MORE Act, which would decriminalize cannabis and clear the way to erase nonviolent federal marijuana convictions. Friday's vote would mark the first time a full chamber of Congress has taken up the issue of federally decriminalizing cannabis. Majority Leader Mitch McConnell, R-Ky., has slammed Democratic efforts to include diversity studies as part of cannabis reform, saying this year that lawmakers should instead focus on providing relief from the coronavirus pandemic. Still, McConnell, who supports the hemp industry, met with cannabis industry insiders last year in California, signaling to some experts that perhaps cannabis reform is much closer to becoming reality.
Persons: Earl Blumenauer, Blumenauer, Richard Nixon's, Nixon, Blumenaer, Barbara Lee, Lee, Debbie Lesko, Lesko, James Cole, Cole, Justin Strekal, Mitch McConnell, McConnell, Wallin Organizations: Substances, Marijuana, Reinvestment, Veteran Affairs, Rep, Congressional Cannabis Caucus, NBC, Centers for Disease Control, Cannabis, D.C, Narcotic Drugs, MORE, National Organization, Democratic, Senate, Wellness Locations: Congress, Portland, — Arizona , New Jersey, South Dakota , Montana, Mississippi, Washington, America, Brown, United States, California, Colorado, Ky
CDC Director Robert Redfield has estimated that the department urgently needs up to $6 billion to distribute the vaccine. Trade groups representing state health agencies say it's closer to $8.4 billion. There is no strong federal plan for what happens after the first critical round of Americans are vaccinated in December and January. Dr. Dan Hanfling, a biosecurity and disaster response expert, said: "You can't say you're going to leave it to the states. Hanfling was among experts on an email chain this year who sought to warn the Trump administration about the coming pandemic.
Persons: WASHINGTON, Trump, hasn't, Joe Biden, TJ Ducklo, Ducklo, Dr, Mandy Cohen, , Biden, Tiberius, Lori Tremmel Freeman, it's, don't, Mitch McConnell, Robert Redfield, Freeman, Paul A, Gustave Perna, Topher Spiro, Spiro, Dan Hanfling, Hanfling Organizations: Centers for Disease Control, Defense Department, Department of Health, Human Services, Biden, Biden Administration, North Carolina Department of Health, CDC, National Association of County, City Health, Senate, Trade, Drug Administration, American Locations: Ky, U.S
REUTERS/Lucy NicholsonMost companies have slashed spending on corporate travel, leaving airlines without a crucial source of revenue. “It is at least somewhat of an oasis,” said Glenn Hollister, vice president of sales strategy and effectiveness at United Airlines Holdings Inc.“Certainly the entertainment industry is not back traveling anywhere close to normal. Patricia McConnell, the California-based director, media and entertainment at BCD Travel told an October United Airlines webinar on the entertainment sector that she has seen a rise in trips for sports production and breaking news. While there has been some return in business travel in sectors like energy and defense, other areas like professional services and insurance remain low, said Louise Miller, Managing Partner, Americas, for business travel specialists Areka Consulting. Benedetti of American Airlines said requests from energy sector clients led the carrier to customize fares and tickets which has been a benefit during the pandemic.
Persons: Lucy Nicholson, , Glenn Hollister, Hank Benedetti, Brad Krevoy, Patricia McConnell, John Heimlich, ” Heimlich, , Louise Miller, Benedetti Organizations: Reuters, Airlines, REUTERS, United Airlines Holdings Inc, American Airlines Group Inc, Motion Picture Corporation of America, Netflix Inc, Travel, United Airlines webinar, Airlines for, Business Travel Association, Areka Consulting, American Airlines Locations: Hollywood, Los Angeles , California, U.S, Vancouver, Canada, United States, Scotland, California, Airlines for America
A survey of 130 US mayors found that 45% expect to make or see serious cuts to public education spending due to the COVID-19 pandemic. An equal number expect cuts in parks and recreation, transportation budgets, and social services. The vast majority of mayors surveyed said the federal government's response to the pandemic was inadequate. Nearly half of America's mayors expect to see "dramatic" cuts to public school budgets in the coming months, with an equal number attributing their cities' economic struggles at least in part due to an inadequate federal response. "This year, while we still hear glimmers of optimism, their pessimism in the face of a once-in-a-century pandemic is palpable," Wilson said.
Persons: Vox, Mitch McConnell, El, Graham Wilson, Wilson, Joe Biden's, Trump, Otis Rolley Organizations: Boston University, El Paso's Republican, Boston University's Initiative, Rockefeller, Equity, Economic Opportunity Initiative
President-elect Joe Biden threw his support behind a compromise relief plan in a CNN interview. The relief plan appeared to gather more momentum on Capitol Hill after months of inaction from lawmakers. President-elect Joe Biden came out in favor of the $908 billion compromise relief package, though maintaining he would seek more federal aid after he is sworn in on January 20. Biden's comments come as lawmakers debate the scope and components of another relief package. He said the compromise relief plan "at best, is only going to be a down payment for what's going to happen early next year."
Persons: Joe Biden, Biden, CNN's Jake Tapper, cobble, Joe Biden's, Trump, Donald Trump, Mitch McConnell, McConnell Organizations: CNN, Capitol, Congressional Democratic, Republican, Kentucky Republican, White
Global stocks rose on Friday as fresh talks on US coronavirus federal relief lifted investor sentiment. Senate Majority Leader Mitch McConnell was said to be "heartened" that Democrats are stepping away from the $2.4 trillion proposal they made in October. Oil prices hit their highest since the pandemic began after the OPEC+ group agreed to increase output only gradually from January. Both leaders embraced a $908 billion coronavirus relief plan on Wednesday. Asian markets were mostly muted as China's Shanghai Composite rose 0.07%, Hong Kong's Hang Seng rose 0.4%, and Japan's Nikkei slipped 0.2%.
Persons: Chuck Schumer, Nancy Pelosi, Mitch McConnell, McConnell, they're, Dow Jones, Read, Mark Haefele, Biden, Germany's DAX Organizations: Republican, New York Times, Futures, Nasdaq, Deutsche Bank, Democrats, UBS Global Wealth Management, Pfizer, Brent, West Texas, of, Petroleum, Japan's Nikkei Locations: OPEC, China, Saudi Arabia, Russia, Kazakhstan, Oman, Shanghai
President Trump does not back the $908 billion COVID-19 stimulus bill, a compromise measure that is gaining momentum with GOP senators as well as leading Democrats. President Donald Trump does not support the $908 billion compromise COVID-19 stimulus bill, presenting a significant barrier event as it gains momentum with lawmakers. Mark Wilson/Getty ImagesA GOP bill very similar to McConnell's more recent proposal has already failed to pass twice this year. At $908 billion, the bipartisan bill exceeds what McConnell has been willing to commit to. The two bills have some key differences:The $908 billion stimulus package proposes support for small business loans, state and local government, education, unemployment insurance, healthcare, and distribution of a COVID-19 vaccine.
Persons: Trump, Mitch McConnell, McConnell, Donald Trump, John Cornyn, Lindsey Graham, Nancy Pelosi, Chuck Schumer, Mark Wilson, Sarah Matthews, he'd, Joseph Zeballos, Roig, Joe Biden Organizations: Republican, GOP, Lawmakers, The New York Times, Washington, bipartisanship, Democratic, CNN Locations: Texas, Lindsey Graham from South Carolina, Washington , DC
ET Jobs Report Expected to Show Slowing Growth: Live Updates RIGHT NOW Stocks rise as investors await jobs data. Through October, the economy had recovered about 12 million of the 22 million jobs wiped out in March and April. Advertisement Continue reading the main storyFrance will foot the bill for vacation pay in distressed industries. The November jobs report, to be published Friday, is expected to show a slowing recovery in hiring. Through October, the U.S. economy has regained about 12 million of the 22 million jobs wiped out in March and April, but the employment gains have slowed down.
Persons: Jim Wilson, Becky Frankiewicz, , Ms, Frankiewicz, Stuart Isett, Steve Lohr, , Peter Q, Blair, Gonzalo Fuentes, lockdowns, haven’t, Mitch McConnell, Al Drago, Brent, Joseph R, Biden, Brexit Organizations: New York, Labor Department, Wall Street, Bloomberg, Microsoft, The New York Times, York, Harvard, National Bureau of Economic Research, Labor, Reuters, Labor Ministry, Union of Trade, Hospitality Industries, Employers, The New York Times Stocks, Capitol, Democratic, European Union, European Council, , Federal Reserve, White, Regulators Locations: Sunnyvale, Calif, North America, France, Paris, , Europe, U.S, United States, Asia
President Donald Trump in a White House meeting with aides and Sen. Mitch McConnell praised the far-right QAnon conspiracy theory, per The Washington Post. President Donald Trump in a White House meeting praised the far-right QAnon movement, describing it as people who "believe in good government," reported The Washington Post Thursday. In November, Greene became the first candidate who openly advocates the conspiracy theory to win election to the US House of Representatives. Per the Post, Trump mispronounced QAnon as "Q-an-uhn." At the meeting where he praised QAnon, Trump was said to discussing the upcoming Senate runoffs in Georgia, which Republicans must win to retain control of the Senate.
Persons: Donald Trump, Sen, Mitch McConnell, groundlessly, Trump, Mark Meadows, Marjorie Taylor Greene, Greene, It's, baselessly, QAnon, Sidney Powell, Ron Watkins Organizations: Washington Post, FBI, GOP, Post, Trump, White House, Yahoo News, Republicans, Senate Locations: Georgia
Rep. Ro Khanna and Rep. James Comer on the state of stimulus talks
  + stars: | 2020-12-04 | by ( ) www.cnbc.com + 0.97   time to read: 1 min
Rep. Ro Khanna and Rep. James Comer on the state of stimulus talksHouse Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell spoke Thursday as Congress rushes to strike a coronavirus stimulus deal and avoid a government shutdown. Rep. Ro Khanna (D-Calif.) and Rep. James Comer (R-Ky.) join "Squawk Box" to discuss the state of the stimulus talks.
Persons: Ro Khanna, James Comer, Nancy Pelosi, Mitch McConnell Locations: Ky
Pelosi and McConnell resume talks as pressure for stimulus mounts
  + stars: | 2020-12-04 | by ( ) www.cnbc.com sentiment -0.98   time to read: 1 min
Pelosi and McConnell resume talks as pressure for stimulus mountsSenate Majority Leader Mitch McConnell says a stimulus deal is within reach and that he spoke with House Speaker Nancy Pelosi Thursday. CNBC's Eamon Javers reports.
Persons: Pelosi, McConnell, Mitch McConnell, Nancy Pelosi, CNBC's Eamon Javers
Unless more aid comes from the government, several relief measures are set to expire at the end of the year. They include a ban on home evictions, the pause in student loan payments, and unemployment benefits for more than 13 million Americans. The need is great, it is immediate, it is urgent and I think we certainly have the capacity to act. Unemployment insuranceOLIVIER DOULIERY/AFP via Getty ImagesIn addition to the $600 boost in unemployment, the CARES Act provided two other benefits for those without jobs. The first program, Pandemic Unemployment Assistance, is aimed at those who typically aren't eligible for unemployment insurance, such as gig workers, freelancers and the self-employed.
Persons: Andrew Lichtenstein, Erika L, Moritsugu, Steny Hoyer D, Mitch McConnell, McConnell, Steny Hoyer, OLIVIER DOULIERY, Chris Browning, Leo Tucker, Tucker, Ban, ERIC BARADAT, Browning, ROBYN BECK, Betsy Mayotte Organizations: Corbis, National Partnership for Women &, Trump, Democratic, Getty, Department of Labor, Labor Department, Finance, D.C, Northwestern Mutual, Washington , D.C, AFP, Centers for Disease, Princeton, Income Housing Coalition, CDC, Institute of Student Loan Advisors Locations: Harlem, New York, AFP, Washington, Washington ,, Mayotte
The figure signaled a decline from the revised 610,000 job additions seen in October. The unemployment rate fell to 6.7% last month from 6.9%, matching economist expectations. The reading marks the seventh straight month of job additions after the pandemic drove outsize losses in April. The US unemployment rate fell to 6.7 from 6.9%, according to the report, matching economist expectations. Roughly 14.8 million Americans cited the pandemic as the main reason why their employer ended operations.
Persons: payrolls, telecommuting, Read, Shelby Osborne, Hospitalizations, , Mitch McConnell hasn't, Lindsey Graham, Chuck Grassley, Morgan Stanley Organizations: US Bureau of Labor Statistics, Bloomberg, of Labor Statistics, Labor Department, Congressional Democratic
He told Insider Republicans have courted him for years. "I'd do old man backflips," Sen. John Kennedy, a Louisiana Republican told Insider of the remote chance that Manchin could switch parties. "I just truly have a comfort of talking to everybody," Manchin told Insider. The Republican Senate majority leader and his Democratic counterpart in the House had been looking for compromise. He later told Insider he wasn't necessarily a lock either for a public option that Biden supports.
Persons: Sen, Joe Manchin, Joe Biden's, GOP Sen, John Kennedy of, Nancy Pelosi, Mitch McConnell, Chris Cuomo, Ross Baker, Jim Jeffords, George W, John Kennedy, Kennedy, Manchin, he'd, Biden, Chuck Schumer, Baker, Sarah Silbiger, Donald Trump's, Barack Obama's, they'll, Lisa Murkowski, Tom Williams, Cuomo, he's, I've, McConnell, Pelosi, centrists, Kevin McCarthy, Schumer, Lindsay Graham of, we'll, Graham, Ohio Republican Sen, Rob Portman, Portman, He's, Robert Byrd, Jim Justice, Rutgers, it's, Richard Shelby of, " Kennedy, hadn't Organizations: West Virginia Democrat, Republican, GOP, Democratic, Capitol, The New York Times, Cuomo, Rutgers University, Louisiana Republican, Democratic Party, Democrat, Senate Energy, Natural, Senate Democratic, Republicans, Trump's, Senate, Georgia, West, Natural Resources, Inc, Getty, Washington, CNN, Republican Senate, Trump, Ohio Republican, Progressives, West Virginia Democrats, Biden, Hill, Democrats, West Virginians Locations: Washington, John Kennedy of Louisiana, Manchin, Louisiana, Biden's Washington, West Virginia, Lindsay Graham of South Carolina, Richard Shelby of Alabama
McConnell's proposal for pandemic relief would allow parents of K-12 students at public or private schools to use 529 college savings funds to pay for books, online materials and even tutoring to help compensate for the current educational circumstances. It would also allow parents to use those funds for expenses related to home schooling or suddenly popular "learning pods." Three years ago, the Tax Cuts and Jobs Act expanded the use of 529 plans, which offer tax-advantaged investments to pay for qualified education expenses, to include private-school tuition and books from elementary through high school. Since then, and even through the coronavirus crisis, 529 college savings plans have gained momentum. Of course, there are still many parents who don't have this type of college savings account.
Persons: Mitch McConnell, Sallie Mae, There's, Paul Curley Organizations: College Savings, ISS Market Locations: Ky
It marks a sharp slowdown from the 610,000 jobs added in October. Friday's gloomy jobs report raises fears that the United States will begin to shed jobs on a monthly basis before vaccines are widely available. The leisure and hospitality industry, the hardest-hit sector of the economy, added just 31,000 jobs. That marks a staggering slowdown from the 270,000 leisure and hospitality jobs added in October. Indeed, Friday's jobs report showed a loss of retail jobs and a jump in warehousing employment.
Persons: Jason Furman, Obama, Furman, Michael Pearce, Ethan Harris, Harris, that's, Danielle DiMartino Booth, Booth, Mitch McConnell, Nancy Pelosi, I've, Lindsey Graham, Trump, Jefferies Organizations: CNN, CNN Business, Harvard University . Travel, Capital Economics, Bank of America, Quill Intelligence, Wall Street, Democratic, Republican, Century Foundation, Centers, Disease, Federal Locations: York, Washington, States, United States
U.S. Senate Democratic Leader Chuck Schumer (D-NY) takes questions during a news conference on Capitol Hill in Washington, December 1, 2020. "This latest jobs report shows the need for strong, urgent emergency relief is more important than ever," Senate Minority Leader Chuck Schumer, D-N.Y., said in a statement. "Senate Republicans are increasingly understanding this urgency, and Leader McConnell should hear their pleas as well as those of the millions of struggling American families." The Senate leader wants to pass a more narrow $500 billion plan. It is unclear how much the jobs report will affect the contents of a relief bill — or how quickly Congress can pass it.
Persons: Chuck Schumer, ratcheted, payrolls, McConnell, Mitch McConnell, Nancy Pelosi, Sen, John Barrasso of, Barrasso, Larry Kudlow Organizations: Senate Democratic, Capitol, Democratic, Republicans, Senate, House, Economic, CNBC, YouTube Locations: Washington, Capitol Hill, John Barrasso of Wyoming, Wyoming
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