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Senate Republicans vetting COVID-19 relief that Trump would sign
  + stars: | 2020-12-01 | by ( Reuters Staff | ) sentiment -0.96   time to read: +1 min
U.S. President Donald Trump waves as he walks on the South Lawn of the White House upon his return to Washington from Camp David, U.S., November 29, 2020. REUTERS/Yuri GripasWASHINGTON (Reuters) - U.S. Senate Majority Leader Mitch McConnell said on Tuesday that he and his fellow Senate Republicans have begun considering COVID-19 economic relief provisions that President Donald Trump would be willing to sign into law later this month. And I like to remind everybody that the way you get a result is you have to have a presidential signature,” McConnell added. The Kentucky Republican said that he and House Republican leader Kevin McCarthy spoke with White House officials about what measures Trump would accept and that proposals are being circulated to Senate Republicans for feedback. McConnell said COVID-19 relief provisions would likely be combined with a must-pass measure to replenish government funding that is set to expire later in December.
Persons: Donald Trump, Yuri Gripas WASHINGTON, Mitch McConnell, ” McConnell, Nancy Pelosi, Chuck Schumer, , Kevin McCarthy, Trump, McConnell, COVID, Joe Biden Organizations: REUTERS, U.S, Republicans, Democratic, Kentucky Republican, Republican, White Locations: Washington, Camp David, U.S
FILE PHOTO: U.S. Speaker of the House of Representatives Nancy Pelosi (D-CA) speaks to reporters with members of the House Democratic leadership after she was reelected House Speaker for another two years during a news conference at the U.S. Capitol in Washington, U.S., November 18, 2020. REUTERS/Hannah McKayWASHINGTON (Reuters) - U.S. House speaker Nancy Pelosi said in a statement on Tuesday she told Treasury secretary Steven Mnuchin on a call that she hopes the Trump administration will support a bipartisan omnibus spending bill. Pelosi also told Mnuchin any coronavirus relief bill must ensure vaccinations are free and accessible to everyone, the statement added.
Persons: Nancy Pelosi, Hannah McKay WASHINGTON, Steven Mnuchin, Trump, Pelosi Organizations: House Democratic, U.S, Capitol, REUTERS, . Locations: Washington , U.S
(Reuters) - President-elect Joe Biden’s treasury secretary nominee Janet Yellen said on Tuesday the United States is experiencing a historic crisis due to the coronavirus pandemic and its economic fallout that requires urgent action to avert a “self-reinforcing” downturn. “These businesses cannot wait two or three months” for aid, Mnuchin said. Mnuchin said his action was not an “economic decision” but one based on the aid law passed by Congress. RELIEF PROPOSALMeanwhile, deadlocked negotiations over a new coronavirus economic aid package picked up some picked up momentum, as a bipartisan group of lawmakers floated a $908 billion relief proposal. “I pledge as treasury secretary to work every day towards rebuilding their dream for all Americans,” Yellen said.
Persons: Joe Biden’s, Janet Yellen, Biden, “ It’s, ” Yellen, Yellen, Steven Mnuchin, Mnuchin, Mitch McConnell, Donald Trump, , , McConnell, Nancy Pelosi Organizations: Reuters, Federal, U.S . Senate, Senate, Congress Locations: United States, Delaware
Mnuchin says will discuss government funding measure with Pelosi
  + stars: | 2020-12-01 | by ( Reuters Staff | ) sentiment -0.94   time to read: 1 min
Sen. Thom Tillis (R-N.C.) speaks as Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin, not pictured, testify during a Senate Banking Committee hearing on Capitol Hill, Washington, U.S., December 1, 2020. Al Drago/Pool via REUTERSWASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said the primary purpose of his planned phone call with House Speaker Nancy Pelosi on Tuesday is to discuss legislation to fund the government and avoid a shutdown in coming days. Mnuchin, speaking to reporters after testifying before the Senate Banking Committee, said he also will discuss additional coronavirus aid and would review a new $908 billion bipartisan Senate proposal. “The president wants to make sure there’s not a shutdown and our first choice is not to do a CR (continuing resolution), it is to get appropriations passed,” Mnuchin said.
Persons: Sen, Thom Tillis, Jerome Powell, Steven Mnuchin, Al Drago, Nancy Pelosi, ” Mnuchin Organizations: Capitol, REUTERS WASHINGTON, ., Banking Committee Locations: Capitol Hill, Washington , U.S
WASHINGTON — A bipartisan group of lawmakers outlined a temporary $908 billion coronavirus relief proposal on Tuesday, far less than Democrats had hoped for, aimed at breaking a stalemate that has persisted for months. Republican leadership is pushing for a $500 billion package that has faltered in the Senate amid a lack of bipartisan support. The proposal includes $160 billion in aid to state and local governments, a priority for Democrats that Republicans have resisted. The framework provides $288 billion in support for small businesses like restaurants, and $180 billion to renew unemployment insurance, according to a summary obtained by NBC News. The working group pushing the new deal also includes four Republicans: Rep. Tom Reed of New York and Sens.
Persons: WASHINGTON, Nancy Pelosi, Steve Mnuchin, Sen, Mitt Romney, Mnuchin, Romney, Covid, Mitch McConnell, Joe Manchin, McConnell, Pelosi, they'll, Manchin, Warner, Tom Reed, Susan Collins of, Bill Cassidy of, Lisa Murkowski, Josh Gottheimer, Jeanne Shaheen, Maggie Hassan, Mark Warner of, Angus King of Maine Organizations: Republican, Democratic, Republicans, NBC News Locations: R, Utah, coronavirus, Ky, New York, Sens, Susan Collins of Maine, Bill Cassidy of Louisiana, Alaska, New Jersey, New Hampshire, Mark Warner of Virginia
Perdue, Ossoff race slated to be most expensive Senate race in ad spending
  + stars: | 2020-12-01 | by ( ) + 0.00   time to read: +29 min
SEE NEW POSTSPerdue, Ossoff race slated to be most expensive Senate race in ad spending WASHINGTON — There's been an enormous amount of money pouring into Georgia ahead of the two pivotal Senate runoffs in the state, with one of the races already slated to shatter Senate advertising spending records. Georgia Democratic Senate candidates Raphael Warnock, left, and Jon Ossoff hold a campaign rally in Marietta on Nov. 15, 2020. Trump announced Rex Tillerson as his nominee 36 days after Election Day, and Obama named Hillary Clinton 28 days after Election Day. I have served on the Committee for 22 years, and I am its most senior member who does not currently serve atop another Senate Committee,” Durbin wrote in a statement. Senate Republican and House Democratic party rules do not allow a top member of leadership to also hold a committee chair.
Persons: Perdue, WASHINGTON — There's, Republican Sen, Kelly Loeffler, Raphael Warnock, David Perdue, Jon Ossoff, Brynn Anderson, there's, Biden, outpaces Trump, WASHINGTON, Joe Biden's, hasn't, Trump, Trump's, Antony Blinken, Rex Tillerson, Obama, Hillary Clinton, Alejandro Mayorkas, John Kelly, Janet Napolitano, Joe Biden, Chandan Khanna, Avril Haines, Nikki Haley, Susan Rice, Peter Orszag, Janet Yellen, didn't, — Trump, Steven Mnuchin, Timothy Geithner, Mark Warner, Joe Manchin, Dick Durbin, Chris Coons, Michael Bennet, Susan Collins, Mitt Romney, Rob Portman, Lisa Murkowski, Warner, MSNBC's, Andrea Mitchell, ” Sen, Michael Brochstein, Nancy Pelosi, Mitch McConnell, Pelosi, Steven Mnuchin haven't, McConnell, Republican Roger Wicker of, Kyrsten Sinema, Democrat Earl Blumenauer of, Brian Fitzpatrick, , I’ve, ” Bobby Stuckey, Donald Trump, Donald J, ” Stuckey, Chris Steakhouse, Chris, ” Leigh Habegger, Sen, Dianne Feinstein, Durbin, Feinstein, Chair Sen, Lindsey Graham, Amy Coney Barrett's, Jason Andrew, ” Durbin, — Alan Cranston, Wendell Ford, Harry Reid —, Joe Lieberman, Conn, John McCain, Sheldon Whitehouse, ” Whitehouse, Sahil Kapur, TJ Cox, David Valadao Valadao, Cox, Mike Garcia, Christy Smith Garcia, Smith, Garcia, Rita Hart, Republican Mariannette Miller, Meeks, Dave Loebsack, Hart, Andrew Garbarino, Jackie Gordon, Peter King, Max Rose, Nicole Malliotakis, Rose, Anthony Brindisi, Claudia Tenney, John Katko, Dana Balter, Balter, Maria Elvira Salazar, Salazar, Alexandria Ocasio, ” Salazar, Samuel Corum, ” Malliotakis, Victoria Spartz, ” Spartz, , Ilhan Omar, Ayanna Pressley, Rashida Tlaib, Jamaal Bowman, Bowman, “ What's, Ro Khanna, ” Khanna, ” Omar, WASHINGTON —, Mark Levin, Carlos Barria, Mike Shirkey, Lee Chatfield —, , Shirkey, Chatfield, “ Shirkey, Richard Primus, corruptly ”, ” Primus, Primus, Dana Nessel, Dave Moran, Moran, Organizations: WASHINGTON, Analytics, Republican, Democratic, ., . Georgia Democratic, Senate, North Carolina Senate, Obama's, State, Treasury, Department of Homeland Security, United Nationals, National Security, National Intelligence, Management, DHS, Getty, Trump, U.N, OMB, NBC News, Biden, NBC, AP, Republican Roger Wicker of Mississippi, Democrat, CHD, Independent, Coalition, Capitol, Friday, Committee, Justice Department, Chair, New York Times, Senate Republican, House Democratic, Senate Homeland Security, New, GOP, Republicans, Squad, Force, Florida Republican, New York Democratic Rep, Democratic Party, Republican New, New York Post, Fox News, We’re, , White, WASHINGTON —, WASHINGTON — Michigan Republican, Michigan, Electoral, Detroit Free Press, Reuters, University of Michigan Locations: Georgia, . Georgia, Marietta, Wilmington, Del, Sens, Maine, R, Utah, Ohio, Alaska, Washington, Arizona, Democrat Earl Blumenauer of Oregon, Pennsylvania, United States, U.S, America, California, New York, Iowa, . California, . New York, Florida, Cuban, American, Alexandria, Cortez, Republican New York City, Victoria Spartz of Indiana, Ukraine, Socialist Republic of Ukraine, Michigan, WASHINGTON — Michigan, Detroit, Michigan , Pennsylvania, Wayne
U.S. bipartisan lawmakers propose $908 billion COVID-19 relief bill
  + stars: | 2020-12-01 | by ( Reuters Staff | ) sentiment -0.94   time to read: +1 min
Slideshow ( 3 images )WASHINGTON (Reuters) - A bipartisan group of U.S. senators and members of the House of Representatives on Tuesday proposed a $908 billion COVID-19 relief bill that would fund measures through March 31, including $228 billion in additional paycheck protection program funds for hotels, restaurants and other small businesses. State and local governments would receive direct aid under the bipartisan bill, the lawmakers said. Senator Mitt Romney, a Republican, said the plan contains $560 billion in “repurposed” funding from the CARES Act enacted in March. A compromise $300 per week in additional unemployment benefits would also be in the package, according to the lawmakers. Pelosi and Treasury Secretary Steven Mnuchin were expected to discuss coronavirus aid and a must-pass government funding bill later on Tuesday.
Persons: Mitt Romney, Mitch McConnell, Nancy Pelosi, Pelosi, Steven Mnuchin Organizations: Republican, White, Senate Locations: WASHINGTON, State
If the bipartisan coronavirus aid bill gains traction in coming days, it could either be attached to the spending bill or advance on a separate track. Earlier this year, over $3 trillion in coronavirus aid was enacted, which included economic stimulus measures and money for medical supplies. State and local governments would receive direct aid under the bipartisan bill, the lawmakers said. But it is far more expensive than the $500 billion that Senate Majority Leader Mitch McConnell has been advocating. Pelosi and Treasury Secretary Steven Mnuchin were expected to discuss coronavirus aid and the must-pass government funding bill later on Tuesday.
Persons: Mitt Romney, Kevin Lamarque, Republican Trump, Joe Biden, , Mark Warner, Lisa Murkowski, Mike DeWine, Mitch McConnell, Nancy Pelosi, Pelosi, Biden, Steven Mnuchin Organizations: WASHINGTON, House, Capitol, REUTERS, Republican, Democratic, Lawmakers, Capitol Hill, CBS, Amtrak Locations: U.S, Washington , U.S, United States, Alaska, State, Ohio
Both McConnell and President-elect Joe Biden separately spoke of passing a coronavirus aid bill quickly and debating an additional bill early next year to address the worst U.S. health crisis in living memory. But difficult talks over details remained with little time to spare, as Congress rushes to pass a $1.4 trillion bill by Dec. 11 to keep government agencies funded. MCCONNELL PUSHES ‘TARGETED RELIEF’McConnell said he would like to marry the funding bill with a coronavirus aid measure. Previously, Schumer and Pelosi sought a $2.2 trillion bill that McConnell rejected. Pelosi and Treasury Secretary Steven Mnuchin were expected to discuss coronavirus aid and the must-pass government funding bill on Tuesday.
Persons: Republican Mitch McConnell, McConnell, Joe Biden, MCCONNELL, ’ McConnell, , Donald Trump, Chuck Schumer, Nancy Pelosi, Schumer, Pelosi, Lisa Murkowski, Steven Mnuchin Organizations: WASHINGTON, U.S, Republican, Republicans, Democrats, White, Reuters, Democratic, Amtrak Locations: Alaska, State, U.S
S&P 500, Nasdaq hit records on vaccine optimism
  + stars: | 2020-12-01 | by ( Noel Randewich | ) + 0.00   time to read: +3 min
(Reuters) - The S&P 500 and Nasdaq Composite indexes jumped to record highs on Tuesday, with investors betting a COVID-19 vaccine will be available soon, and more confident about a speedy economic recovery following upbeat Chinese factory data. All 11 S&P 500 sector indexes rose, with communication services jumping 2.4% and leading gains. The Dow Jones Industrial Average was up 0.92% at 29,910.46 points, while the S&P 500 gained 1.42% at 3,673.05. Tesla Inc rose 2.4% after S&P Dow Jones Indices said it would add one of Wall Street’s most valuable companies to the S&P 500 index all at once on Dec. 21, rather than in two chunks. The S&P 500 posted 48 new 52-week highs and no new lows; the Nasdaq Composite recorded 175 new highs and seven new lows.
Persons: Dado Ruvic, , Bill Northey, Steve Mnuchin, Jerome Powell, Nancy Pelosi, Dow Organizations: Reuters, Nasdaq, REUTERS, Pfizer Inc, Moderna Inc, U.S, Bank Wealth Management, Investors, Treasury, Federal, Senate Banking Committee, Dow Jones, Communications, Tesla, Dow Jones Indices, Micron Technology Inc, NYSE Locations: U.S, Minneapolis, United States
Mnuchin, Powell hone in on need to aid U.S. small businesses
  + stars: | 2020-12-01 | by ( Howard Schneider | ) + 0.00   time to read: +3 min
Fed Chair Jerome Powell, speaking at the same hearing, said he agreed that grants would be more appropriate at this point to help at-risk businesses and families survive the winter. They may need more help to get there,” Powell said, referring to restaurants, hotels and entertainment venues that have been the hardest hit by the pandemic. “Some of these businesses - what they need is fiscal policy, a grant, to get through this last bit of the pandemic, rather than borrowing more,” Powell said. In the medium term, with a vaccine on the horizon, there is “upside risk,” Powell said, but substantial uncertainty in the meantime about how much longer some families can hold out. After weeks of deadlock over further government spending for pandemic relief, there may be renewed momentum towards some sort of deal.
Persons: Steven Mnuchin, Jerome Powell, Drew Angerer, ” Powell, Mnuchin, Nancy Pelosi Organizations: WASHINGTON, U.S, Federal Reserve, Banking, Housing, Urban Affairs, REUTERS, Banking Committee Locations: Washington , DC, U.S
Coronavirus Stimulus Talks Restart as Centrists Unveil Bipartisan Plan
  + stars: | 2020-12-01 | by ( Kristina Peterson | ) sentiment -0.94   time to read: +1 min
WASHINGTON—House Speaker Nancy Pelosi (D., Calif.) and Treasury Secretary Steven Mnuchin will talk on the phone Tuesday afternoon about coronavirus relief, restarting stalled discussions. Separately, a bipartisan group of lawmakers are rolling out a $908 billion aid proposal, according to people familiar with the plans, seeking a middle ground between Democratic and Republican leaders’ stances. The bill will include $160 billion in state and local funding. The new developments come as lawmakers start a year-end sprint this week to keep the government running, provide more coronavirus aid and pass an annual defense bill. They are also working to complete a full-year spending bill before the government’s current funding expires at 12:01 a.m. on Dec. 12.
Persons: Nancy Pelosi, Steven Mnuchin, Trump’s Organizations: WASHINGTON, Democratic, Republican Locations: Calif
For the first time in history women have the chance to weigh in on every important White House decision. #PassTheBill — Vice President Mike Pence (@VP) March 23, 2017Shortly after that, Vice President Mike Pence tweeted out a photo of a meeting he chaired to discuss, among other things, maternity benefits. Yes, there have been women in the White House in every recent administration, including Trump's. Biden has selected people who are highly accomplished and superbly qualified to serve in his Cabinet and on his White House staff. In service to white men, our nation has squandered much of its talent, tamped down ambitions and, as a result, underachieved.
Persons: Joe Biden, Kamala Harris, Biden, Harris, Nancy Pelosi, Donald Trump, XG6lQIy5a6 —, Mike Pence, wasn't, Kellyanne Conway, Franklin D, Roosevelt, Barack Obama, Bill Clinton, Trump Organizations: White, Women, Freedom Caucus, White House, Center for American Women, Rutgers University Locations: America, boardrooms, Hollywood
“Traders are looking for any reason to bid risk up and that comes at the cost of the dollar. The euro and the New Zealand dollar both hit 2-1/2-year highs. In midday trading, the dollar index fell 0.6% to 91.361, hitting 91.263, the lowest since late April 2018. The euro hit a 2-1/2-year high vs dollar above $1.20 and was last up 0.9% at $1.2038. Nagging worries about rising coronavirus cases have not provided the dollar with much safe-haven support.
Persons: Dado Ruvic, Steve Mnuchin, Nancy Pelosi, , John Doyle, it’s, Bitcoin, Sterling, Jerome Powell, Treasury’s Mnuchin, nL1N2IH0T4 Powell, Mnuchin Organizations: YORK, REUTERS, U.S, Treasury, Tempus, Inc, “ Traders, greenback, New Zealand, Times Radio, Federal Reserve, Fed Locations: United States, Washington, New Zealand
FILE PHOTO: George Washington is seen with printed medical mask on the one Dollar banknotes in this illustration taken, March 31, 2020. The euro and the New Zealand dollar both hit 2-1/2-year highs. In afternoon trading, the dollar index fell 0.7% to 91.318, hitting 91.263, the lowest since late April 2018. The euro hit a 2-1/2-year high vs dollar at $1.20.55 and last traded 1% higher at $1.2049. The New Zealand dollar hit its highest level since June 2018 and was last up 0.7% at US$0.7055, while the Canadian dollar rose versus the greenback, which dropped 0.4% to C$1.2954.
Persons: George Washington, Dado Ruvic, Steve Mnuchin, Nancy Pelosi, , John Doyle, it’s, Pelosi, Charles Schumer’s, Bitcoin, ” Sterling, Jerome Powell, Treasury’s Mnuchin Organizations: YORK, REUTERS, U.S, Treasury, “ Traders, Tempus, Inc, New, greenback, New Zealand, Scotiabank, Times Radio, Federal Reserve, Fed Locations: United States, Washington, New Zealand
FILE PHOTO: U.S. Dollar and Euro notes are seen in this June 22, 2017 illustration photo. The euro was near a three-month high, while the New Zealand dollar rose to its highest in more than two years. The euro hit a 2-1/2-year high vs dollar above $1.20 and was last 0.8% at $1.2029. Speculation is growing that the Fed will act to support the economy through a tough winter before vaccinations become available. The New Zealand dollar hit its highest since June 2018 and was last up 0.7% at US$0.7054.
Persons: Thomas White, Steve Mnuchin, Nancy Pelosi, , James Rider, Bitcoin, Jerome Powell, Steven Mnuchin, Powell, Mnuchin Organizations: YORK, Treasury, greenback, New Zealand, Fed Locations: United States, Vancouver, Canada, New Zealand
Senate Majority Leader Mitch McConnell said Monday there is "no reason" Congress can't quickly agree a new round of coronavirus stimulus. Time is short: Congress is meeting for a short session due to end by Christmas, and also has to avert a government shutdown. Senate Majority Leader Mitch McConnell acknowledged the mounting pressure to deliver another round of economic stimulus, and said there is "no reason" that it couldn't be done by the end of 2020. The last coronavirus relief package was passed in spring, and expired in July. Republicans have proposed a smaller relief package, arguing that the economy is better than expected.
Persons: Mitch McConnell, McConnell, Tom Porter, Donald Trump, Joe Biden, Monday McConnell, Nancy Pelosi, Chuck Schumer, Pelosi, Schumer Organizations: Republicans, Visit, Lawmakers, Congressional, Congressional Democrats, GOP, New York Times, CNBC, CNN, Politico
He called for an "interim package" to provide support until President-elect Joe Biden takes office in January. Bipartisan lawmakers plan to unveil a coronavirus stimulus package Tuesday after months of congressional inaction on curbing the economic damage from the outbreak. Senators who have joined in the discussions about the aid proposal include Warner, Sen. Joe Manchin, D-W.V., Sen. Lisa Murkowski, R-Alaska, and Sen. Mitt Romney, R-Utah. If the unemployment programs expire at the end of the year, about 12 million Americans could lose benefits. Some lawmakers could push to tie coronavirus aid provisions to a spending bill Congress needs to pass before Dec. 11 to avoid a government shutdown.
Persons: Warner, CNBC's, Democrat Sen, Mark Warner of, Joe Biden, lifelines, Nancy Pelosi, Mitch McConnell, Sen, Joe Manchin, Lisa Murkowski, Mitt Romney, Ylan Mui Organizations: Democrat, CNBC, Republican, Democratic, Washington Post, GOP, Senators, Warner, YouTube Locations: Mark Warner of Virginia, Ky, Alaska, R, Utah
Credit Credit... Anna Moneymaker for The New York TimesAs uncertainty grows, Biden announces economic team and Congress kick-starts stimulus talks. — Jeanna Smialek andBiden and Harris will introduce their economic team, with women in top spots. Mr. Biden is poised to enter the White House at a time of national crisis amid the worsening virus outbreak. Mr. Biden also selected Janet L. Yellen, a former Federal Reserve chair, to be his Treasury Secretary. But to make it happen, they are expected to slash the number of officials flanking Mr. Biden.
Persons: Joe Biden, ” Rudolph Giuliani, Joseph R, Biden, Anna Moneymaker, , Trump’s, Biden’s, Janet L, Jerome H, Powell, Steven Mnuchin, Mnuchin, Nancy Pelosi, Susan Collins, Joe Manchin, , Mr, Yellen, Jared Bernstein, Obama, Heather Boushey, Cecilia Rouse, — Glenn Thrush, Tasos Katopodis, Mitch McConnell, ” Mr, Manchin, Democratic Senators Mark Warner of, Jeanne Shaheen, Maggie Hassan, Angus King of Maine, Bill Cassidy of, Lisa Murkowski, Mitt Romney, Pelosi, Luke Broadwater, Steven T, Al Drago, , Mark Warner, Warner, — Jeanna Smialek, Harris, Jay Mallin, Kamala Harris, Chuck Schumer, Ms, Rouse, Clinton, Tanden, I’m, Adewale Adeyemo, Adeyemo, Barack Obama, Bernstein, Boushey, Hillary Clinton, — Hailey Fuchs, Giuliani, Trump, Rudolph W, Erin Schaff, The New York Times Rudolph W, Christianne Allen, “ Mayor Giuliani, Giuliani’s, Robert Costello, “ He’s, that’s, George Washington, Gerald R, Ford, Richard M, Nixon, Jimmy Carter, Michael T, Flynn, — Maggie Haberman, Jeffrey D, Zients, Stephen Crowley, New York Times Jeffrey D, Jeff Hauser, Doug Mills, Tony Allen, coy, — Michael D, breathlessly, Tim Murtaugh, — Shane Goldmacher, Jon Ossoff, David Perdue, Nicole Craine, Raphael Warnock, Jan, Jamaal Bowman, Bowman, Stacey Abrams, Eric Johnson, Kelly Loeffler, Stephen Morton, Brian Kemp, Brad Raffensperger, Kemp, Kemp “, , , ’ ”, Buzz Brockway, don’t, Lisa Lerer, Richard Fausset Organizations: Biden, Trump, Video, Credit, The New York Times, Treasury, Fed, Federal, Banking, Democrat, Democrats, Republicans, White, Democratic, Biden’s, Economic Advisers, ., Republican, Capitol, Democratic Senators, Lawmakers, Federal Reserve, Banking Committee, Mr, of Economic Advisers, Bloomberg, Getty, Department of Labor, Department of Commerce, Economic Council, Management, Center for American, of Economic, Washington Center for Equitable, , National Economic Council, New York Times, Obama, Facebook, America, Wall, Business, U.S . Chamber, Commerce, Cranemere, Bain & Company, Advisory Board Company, Democratic Party, Pennsylvania, Delaware State University, Joint Chiefs, Staff, Save, Republican National Committee, Senate, Green, Deal, Sunrise Movement, New York Democrat, Georgia, Georgia Republicans, Associated Press, Gov, Twitter, Georgia Senate, Republican Party, White House Locations: Wilmington, Del, Maine, West Virginia, California, Kentucky, Democratic Senators Mark Warner of Virginia, New Hampshire, Bill Cassidy of Louisiana, Alaska, Utah, Washington, United States, Virginia, Princeton, New York, America, Manhattan, Ukraine, Vietnam, Georgia, David Perdue of Georgia,
Joe Manchin and Susan Collins, just unveiled a $908 billion package to try to end the gridlock over a coronavirus stimulus. Sen. Joe Manchin, a Democrat of West Virginia, told Insider that the group had worked "around the clock" to come to a bipartisan deal over the course of the last three weeks. The caucus introduced a $1.5 trillion bipartisan deal ahead of the election but it didn't gain traction. The amount in the bipartisan deal is far less than what Democratic leaders wanted. $16 billion for a vaccine rolloutThe bipartisan deal would provide $16 billion for coronavirus testing and contact tracing — far short of the $75 billion Democrats want — but in line with the Republican demand.
Persons: Joe Manchin, Susan Collins, Mitch McConnell, , Donald Trump —, Virginia Democratic Sen, Mark Warner, Sen, Susan Collins of, Mitt Romney, Lisa Murkowski, Alaska , New Hampshire Democratic Sens, Jeanne Shaheen, Maggie Hassan, Trump, Nancy Pelosi, Steven Mnuchin, McConnell, Republican Sen, Rand Paul, Kentucky, hasn't, Donald Trump, Manchin, Pelosi, It's, Mnuchin, he's, Kevin McCarthy, Josh Gottheimer, Tom Reed, Fed Upton, we're, that's, Upton, it's, John Sommers II, Carolyn Cole, Saul Loeb, Romney Organizations: Democratic, Virginia Democratic, GOP Sens, Alaska , New Hampshire Democratic, Senate Republicans, Republican, Virginia Democrat, White, Trump, GOP, Fed, District of Columbia, Kentucky, Center, Republicans, Los Angeles Times, Getty, Democrats, Democrat, Capitol, Getty Images, American Medical Association, Amtrak, Families Locations: Sens, West Virginia, Susan Collins of Maine, Utah, Alaska , New Hampshire, Washington, Virginia, New Jersey, Tom Reed of New Jersey, Fed Upton of Michigan, Kentucky, Frankfort , Kentucky
Senate Republicans are circulating a slimmed-down coronavirus relief plan that omits federal unemployment benefits, The Washington Post reported. Senate Republicans are circulating another slim coronavirus relief plan, The Washington Post reported on Tuesday. According to The Post, McConnell's plan would contain:No additional federal unemployment benefits. The omission of federal unemployment benefits represents a stark reversal for McConnell, who has long touted another plan that included $300 weekly aid for unemployed people. It included $300 weekly federal unemployment benefits, some state aid, and a temporary liability shield.
Persons: Mitch McConnell, McConnell, Sen, Ron Wyden, Brian Riedl, Riedl, Nancy Pelosi Organizations: Washington Post, Republicans, GOP, The, Oregon, Twitter, Manhattan Institute
Mr. Powell, who told lawmakers that the Fed would have preferred to keep those lending programs going while acknowledging that it was Mr. Mnuchin’s place to decide, painted a more dire picture of the economic outlook. He pointed to continued uncertainty around the speed of a vaccine rollout, the reality that millions remain out of work and the fact that small businesses could fail in the winter months. “We do have a long way to go,” Mr. Powell said. The measure would provide $160 billion to help state, local and tribal governments facing fiscal ruin — a fraction of what Democrats had sought. Also included was $288 billion to help small businesses, restaurants and theaters, and a short-term federal liability shield from coronavirus-related lawsuits.
Persons: Powell, ” Mr, , Biden, , Mnuchin, , Joe Manchin, Susan Collins, Nancy Pelosi, McConnell Organizations: Capitol, Republican, Democrats Locations: United States, West Virginia, Maine, California
“To date, we have not seen fraud on a scale that could have effected a different outcome in the election,” Mr. Barr said. The move raised expectations that Mr. Trump will bestow clemency on other associates in his final weeks in office. On the afternoon of Dec. 11, Mr. Trump is hosting a party for the West Wing staff and their families. “Good,” Mr. Biden replied to a shouted query about how he was feeling, as he arrived at The Queen theater to deliver remarks. A Biden spokesman did not respond to more detailed questions about how the injury occurred — was Mr. Biden playing catch with his dog?
Persons: Barr, Trump, ” Rudolph W, Giuliani, ’ Barr, McConnell, William P, Trump’s, Al Drago, Joseph R, Biden, , Barr’s, ” Mr, Mitch McConnell, , Rudolph W, , , John H ., Durham, Obama, Katie Benner, Emily Cochrane, Glenn, ’ Gabriel Sterling, Megan Varner, Gabriel Sterling, Sterling, “ Mr, Mr, There’s, Sterling’s, Brad Raffensperger, Kelly Loeffler, David Perdue, Raffensperger, Biden Jr, Raffensperger’s, Joe diGenova, Christopher Krebs —, it’s, They’ve, Erin Schaff, The New York Times Rudolph W, Christianne Allen, “ Mayor Giuliani, Giuliani’s, Robert Costello, “ He’s, that’s, George Washington, Gerald R, Ford, Richard M, Nixon, Jimmy Carter, Michael T, Flynn, — Maggie Haberman, We’re, ” “, Kriston Jae Bethel, “ Let’s, Biden’s, Janet L, Neera Tanden, Jerome H, Powell, Steven Mnuchin, Mnuchin, Nancy Pelosi, Susan Collins, Joe Manchin III, — Glenn Thrush, “ Covid, We’ve, He’ll, Tasos Katopodis, Susan M, Collins, Lisa Murkowski, McConnell’s, Murkowski, President Trump, ” Ms, Pelosi, Luke Broadwater, Steven T, we’ve, Mark Warner, Warner, — Jeanna Smialek, Doug Mills, invitees, White, Stephanie Grisham, Melania Trump, Ms, Grisham, Muriel E, Bowser of, Chang W, Lee, Tony Evers, Evers, Dane, Tom Barrett, Barrett, Mike Kelly, Kelly, Kelly’s, Alan Feuer, — Mark Walker, Lara Trump, Mark Walker, Khadejeh, Walker, Burr, Eric Trump, Pat McCrory, George Holding, Dan Forest, Mark Meadows, Erica D, Smith, Cal Cunningham, Thom Tillis, Josh Stein, Jeff Jackson, Christopher Maier’s, Christopher P, Maier, Mark T, Christopher C, Miller, Maier’s, Ezra Cohen, Watnick, Anthony J, Chris, ” Nicholas J, Rasmussen, — Eric Schmitt, Kevin O’Connor, Champ, Bob Markel, he’s, Bob Brady of, “ didn’t Organizations: Associated Press, Republican, Georgia, The New York Times, Justice Department, Capitol, Trump, Mr, Democrat, , Biden, Biden Jr, Credit, Treasury, Fed, United States Senate, Democrats, Republicans, White, Democratic, White House, Economic Outlook, , Federal Reserve, Banking Committee, New York Times, House, Republican National Committee, Wing, West Wing, Gov, Madison, Commission, Wisconsin Supreme, Milwaukee Counties, Detroit —, North Carolina Senate, Rep, Associated Press WASHINGTON —, North, North Carolina, Force, Islamic, ISIS ., Pentagon, United States, Tata, National Counterterrorism Center, ISIS, Air National Guard, CNN, East, United Locations: Georgia, Kentucky, Russia, John H . Durham, Glenn Thrush, Atlanta, Sandy Springs, David Perdue of Georgia, Gwinnett County, Manhattan, Ukraine, Vietnam, America, , Wilmington, Del, Maine, West Virginia, C.D.F.I.s, Alaska, Washington, U.S, United States, Virginia, Bowser of Washington, Milwaukee, Wisconsin, Dane County, Milwaukee County, Dane, Madison, Michigan , Minnesota, Pennsylvania, North, Greensboro, N.C, North Carolina’s, North Carolina, Westchester County, Carolina, Syria, United, Iraq, Islamic State, West Africa, Afghanistan, Del . Credit, The New York Times WILMINGTON, Bob Brady of Pennsylvania
WASHINGTON (Reuters) - The U.S. Congress on Monday began a two-week sprint to rescue the federal government from a possible shutdown amid the coronavirus pandemic, the first major test since the election of whether Republicans and Democrats intend to cooperate. Still unclear is whether Republican President Donald Trump, who was defeated in the Nov. 3 election, will cooperate with the effort underway in Congress. Trump already has warned that he would veto a wide-ranging defense authorization bill Congress aims to pass if a provision is included stripping Confederate leaders’ names from military bases. If they cannot be resolved by Dec. 11, agency shutdowns could be avoided only by Congress passing a stop-gap funding bill. Republicans have deemed that proposal exorbitant and have been sticking with calls for a scaled-down $500 billion menu of initiatives.
Persons: Nancy Pelosi, Jonathan Ernst, Donald Trump, Joe Biden, Trump, shutdowns Organizations: WASHINGTON, U.S, Congress, Monday, Republicans, Capitol, REUTERS, Congressional, Representatives Democratic, Republican, Democratic, Washington, Trump Locations: Washington , U.S, Congress, United States, U.S, Mexico, COVID, Biden’s
ET Presidential Transition Live Updates: Biden’s Expected Economic Team Emphasizes Focus on Worker Empowerment President-elect Joe Biden is expected to officially name key leaders of his administration, including women in top economic positions and running his communications staff. Biden’s expected picks for his economic team showcase a commitment to diversity. With the picks, Mr. Biden is sending a clear message that economic policymaking in his administration will be shaped by liberal thinkers with a strong focus on worker empowerment as a tool for economic growth. Workers building a platform for the Presidential inauguration outside the White House on Sunday. Pili Tobar, a former immigrant advocate with the group America’s Voice, will serve as the deputy White House communications director.
Persons: Joe Biden, Kamala Harris’s, Biden’s, Joseph R, Biden, Anna Moneymaker, Cecilia Rouse, Clinton, Neera Tanden, Janet L, Jared Bernstein, Heather Boushey, Bernstein, Ms, Boushey, Adewale, Obama, Brian Deese, Deese, Tanden, Hillary Clinton’s, President Trump, — Alan Rappeport, Jim Tankersley, Michael D, Stefani Reynolds, , Tony Allen, Mr, Allen, Maju Varghese, Yvanna Cancela, Erin Wilson, Gavin Newsom, Kamala, Marcio Jose Sanchez Alex Padilla, Kamala Harris, Harris, Padilla, Newsom, Xavier Becerra, Robert Garcia, Willie Brown, Barbara Lee, Karen Bass, Dolores Huerta, — Shawn Hubler, Jen Psaki, Jennifer Psaki, Drew Angerer, ” Mr, Kate Bedingfield, Karine Jean Pierre, Pili, Symone Sanders, Ashley Etienne, Nancy Pelosi, ” Ron Klain, Psaki, Barack Obama, John Kerry, Trump’s, Organizations: Worker Empowerment, ., The New York Times, of Economic Advisers, Mr, Obama’s, Economic Advisers, White, Economic Council, Center for American, Management, Federal Reserve, Treasury Department, National Economic, Budget, Economic, Democratic Party, Republicans, Workers, President, Joint, Delaware State University, Senate, Gov, California, Biden, White House, State Department, Credit, Bloomberg, Getty, Sunday, Trump, , Twitter Locations: Wilmington, Del, Princeton, Nigeria, Nevada, Los Angeles, Congress, Long Beach, California’s, U.S
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