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☆ Yellen knows 'going small' on economic relief would be big mistake: Wyden
▼ + stars: | 2021-01-19 | by ( Reuters Staff | ) www.reuters.com sentiment -0.97 time to read: +1 min

FILE PHOTO: U.S. Senator Ron Wyden (D-OR) speaks during the Senate Finance Committee hearing on examining 2020 filing season amid the coronavirus disease (COVID-19) outbreak, on Capitol Hill in Washington, U.S., June 30, 2020. Susan Walsh/Pool via REUTERSWASHINGTON (Reuters) - Janet Yellen, President-elect Joe Biden’s nominee to head the U.S. Treasury, knows the importance of taking quick and significant steps to bolster the U.S. economy, the top Democrat on the committee told her nomination hearing. “The good news is that Chair Yellen knows that going small with economic relief would be a big mistake,” Ron Wyden, ranking Democrat on the committee, said at the hearing for the former chair of the Federal Reserve. Wyden said nobody deserved more credit than Yellen for the longest economic expansion in U.S. history, and said she ought to be confirmed on Day one of the Biden administration.

Persons: Ron Wyden, Susan Walsh, Janet Yellen, Joe Biden’s, Yellen, ” Ron Wyden, Wyden, Biden Organizations: Senate, Capitol, REUTERS WASHINGTON, U.S . Treasury, Federal Reserve Locations: Washington , U.S, U.S

☆ Meet Joe Biden: America's imperfect leader
▼ + stars: | 2021-01-19 | by ( Marguerite Ward | May Teng | ) www.businessinsider.com + 0.00 time to read: +33 min

Over the course of his career in the Senate, Biden consistently voted for minimum-wage increases. Becoming a man known for compromiseIn the Senate, Biden developed a reputation for connecting with a variety of politicians, regardless of their political party. AP Photo/Zach Gibson"Here's the one thing about Joe Biden: Joe Biden is a person who understands the word 'compromise.' Both as a senator and as Obama's vice president, Biden was known to talk and talk with people, pushing back his schedule with every conversation. By sharing his story of grief, Biden has the potential to change the discourse on mourning, sociologists said.

Persons: Joe Biden, David Kessler, Kessler, David, It's Joe, he's, Biden, Beau, Biden's, Neilia Hunter, Naomi, —, churchgoers, that's, Harry Reid, David Lienemann, Angela Duckworth, Evan Osnos, couldn't, Kena Betancur, Lienemann, Obama, candids, Osnos, Joe Impedimenta, Yeats, Emerson, He's, J, Caleb Boggs, Hunter, Sen, Russell Long, Louisiana —, Long, Neilia, Bettmann, Robert Kennedy, you'd, He'd, Walter Reed, Rosabeth Kanter, Kanter, Orrin Hatch, he'd, Mitch McConnell, Reid, McConnell, Zach Gibson, Joe, Clarence Thomas, Anita Hill, Thomas, Greg Gibson, Hill, Kamala Harris, Harris, Brene Brown, Kamala, Brown, Moe Vela, Olivier Douliery, Vela, Carrie Bettinger, Lopez, White, Barry Pavel, Pavel, Louisiana Sen, Bennett Johnston Jr, Charlie Cook, Cook, Lucy Flores, Flores, Tara Reade, Reade, That's, Anthony of Padua, Kessler wasn't, Drew Angerer, you'll, Colbert, it's, Coldplay's Chris Martin, Beau's, Susan Walsh, Deborah Carr, There's, Robin Bravender Organizations: Emanuel AME, Capitol, White, Wednesday, Catholic, Archmere Academy, Getty, House, Biden, University of Delaware, Syracuse University's College of Law, Ivy League, Rhodes, Democratic, Social Security, Senate, University of Pennsylvania, CNN, Republican, Amtrak, British Labour Party, Newsweek, Harvard Business School, Committee, Foreign Relations, Department of Justice, Supreme, The New York Times, Brandeis University, Cabinet, Louisiana, of Electrical Workers, DC, Anthony of Padua Roman Catholic Church, Biden's, AP, Boston University Locations: Los Angeles, Delaware, Charleston , South Carolina, Emanuel, Scranton , Pennsylvania, Wilmington, AFP, County, Washington, American, DC, Louisiana, Rochester , New York, Iraq, America, McLean , Virginia, Nevada, Minneapolis, Scottish, United States

☆ Trump's billionaire backers are 'horrified' by the insurrection at the Capitol, but only two have broken with him
▼ + stars: | 2021-01-19 | by ( Hayley Cuccinello | ) www.businessinsider.com + 0.00 time to read: +11 min

Few commented on the US Capitol attack. One of the president's biggest boosters, the casino mogul Phil Ruffin, declined to comment on the insurrection at the Capitol. Stanley Hubbard says the Capitol attack will not influence his giving to the GOP. "I feel betrayed," Home Depot cofounder and longtime GOP donor said on CNBC the week after the Capitol attack. During the attack on the Capitol, President-elect Joe Biden called for Trump to go on national TV to tell supporters to back down.

Persons: Stephen Schwarzman, Donald Trump, Trump, Igor Olenicoff, Phil Ruffin, Nelson Peltz, Biden, Doug Leone, Bill Austin, Diane Bondareff, Starkey, Albert Schweitzer, John Catsimatidis, Kathy Willens, Stanley Hubbard, Hubbard, Jim Justice, Susan Walsh Gov, Ken Langone, Joshua Roberts, Langone, Joe Biden's, Drew Angerer, Leone, Ronald Lauder, Evan Vucci Ronald Lauder, Pence, Harris, Donald J, Olenicoff, Joe Biden, Heidi Gutman, I'm, Peltz, Sara Eisen, He's, Warren, Harriet Stephens, Jared Siskin, Patrick McMullan, Getty Images Warren Stephens, Warren Stephens Organizations: Trump . Visit, Trump, Capitol, CNBC, Sequoia Capital, Republicans, Democrats, AP, New York Times, WABC, Twitter, GOP, Tampa Bay Times, West Virginia Gov, World Jewish, NBCU, Getty, Trian Partners, Getty Images Locations: New York City, Washington , DC, United States of America, American

☆ Fed's Powell: "Not the time" to discuss any change to bond purchases
▼ + stars: | 2021-01-14 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99 time to read: +1 min

FILE PHOTO: Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee hearing on "The Quarterly CARES Act Report to Congress" on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh/Pool via REUTERS//File Photo(Reuters) - With the U.S. economy still far from its inflation and employment goals it is too early for the Federal Reserve to discuss changing its monthly bond purchases, Fed Chair Jerome Powell said Thursday. Those suggestions may have contributed, if slightly, to a recent rise in yields on U.S. Treasury securities. Fed talk of trimming bond purchases after the 2007 to 2009 financial crisis at one point triggered rapid changes in global bond yields, a “tantrum” Fed officials have since tried to avoid by flagging any changes to their asset purchases well ahead of time. Powell promised that would be the case with the current purchases as well.

Persons: Jerome Powell, Susan Walsh, Powell, “, ” Powell, ” Organizations: Federal, REUTERS, Federal Reserve, Princeton University, Treasury Locations: Washington , U.S

☆ House Republicans put divides over Trump's culpability on clear display
▼ + stars: | 2021-01-13 | by ( Nbc News | ) www.nbcnews.com + 0.00 time to read: +7 min

SEE NEW POSTSHouse Republicans put divides over Trump's culpability on clear display As the debate unfolded on the U.S. House floor ahead of the vote to impeach President Trump for inciting last week's riots that engulfed the Capitol, the growing divide within the Republican caucus over the president's actions was on clear display. Many Republicans mounted little defense of the president, in stark reversal from last year’s impeachment debate. He continued: “A vote against this impeachment is a vote to validate the unacceptable violence we witnessed in our nation’s capital." He should have immediately denounced the mob when he saw what was unfolding," McCarthy said on the House floor before the impeachment vote. Matt Fuller, a reporter for HuffPost, recorded at least 12 GOP lawmakers either side-stepping the metal detectors or setting them off and continuing on to the House floor.

Persons: Trump, impeaching Trump, Read, Marjorie Taylor Greene, Susan Walsh, Pelosi, L0raxSUbr6 — Frank Thorp V, Donald Trump, Jim Jordan, Newhouse, Dan Newhouse, Jan, McCarthy, Kevin McCarthy, shouldn't, Trump's, Cheney, Liz Cheney, I'm, Matt Gaetz, doesn't, Biden, Gaetz, Andy Levin, Guy Reschenthaler, J, Scott Applewhite, Matt Fuller, Virginia Foxx, Paul Gosar of, Markwayne Mullin, Louie Gohmert Organizations: U.S, Republican, Republicans, Trump, GOP, Capitol, impeaching, AP, Wednesday, Reps, Oklahoma Locations: Jan, Ohio, Republic, That's, America, Gaetz, Virginia Foxx of Virginia, Paul Gosar of Arizona, Louie Gohmert of Texas

☆ GOP Rep. wears 'censored' mask while speaking on House floor
▼ + stars: | 2021-01-13 | by ( Nbc News | ) www.nbcnews.com + 0.00 time to read: +8 min

SEE NEW POSTSGOP Rep. wears 'censored' mask while speaking on House floor Rep. Marjorie Taylor Greene, R-Ga., who has repeatedly refused to wear a mask on the House floor, including last week before the Capitol riots, showed up for Wednesday's vote wearing a mask that said the word "censored" on it. Share this -To resounding applause, Rep. Newhouse becomes 6th House GOPer to support impeachment Rep. Dan Newhouse, R-Wash., said on Wednesday he would vote yes on impeachment, joining the five other House Republicans who have said they will vote to impeach the president. He continued: “A vote against this impeachment is a vote to validate the unacceptable violence we witnessed in our nation’s capital." He should have immediately denounced the mob when he saw what was unfolding," McCarthy said on the House floor before the impeachment vote. Matt Fuller, a reporter for HuffPost, recorded at least 12 GOP lawmakers either side-stepping the metal detectors or setting them off and continuing on to the House floor.

Persons: Marjorie Taylor Greene, Susan Walsh, Pelosi, L0raxSUbr6 — Frank Thorp V, Donald Trump, Jim Jordan, Trump, Newhouse, Dan Newhouse, Jan, McCarthy, Kevin McCarthy, shouldn't, impeaching Trump, Trump's, Cheney, Liz Cheney, I'm, Matt Gaetz, doesn't, Biden, Gaetz, Andy Levin, Guy Reschenthaler, J, Scott Applewhite, Matt Fuller, Virginia Foxx, Paul Gosar of, Markwayne Mullin, Louie Gohmert, Read, McConnell, Mitch McConnell, Washington Post's Seung Min Kim, Chuck Schumer, “, ”, John Thune, John Barrasso, Joni Ernst, Rick Scott, Roy Blunt, Chuck Grassley Organizations: Trump, Republicans, Capitol, Republican, GOP, impeaching, AP, Wednesday, Reps, Oklahoma, New York Times, NBC News, NBC Locations: Jan, Ohio, Republic, That's, America, Gaetz, Virginia Foxx of Virginia, Paul Gosar of Arizona, Louie Gohmert of Texas, Ky, Washington, Kentucky, Sens, Iowa

☆ 5 big revelations in SoFi's plans to go public, including how the fintech is thinking about the future of student debt and the importance of a bank charter
▼ + stars: | 2021-01-12 | by ( Carter Johnson | ) www.businessinsider.com + 0.00 time to read: +10 min

See more: SoFi to go public via SPAC backed by billionaire investor Chamath PalihapitiyaPalihapitiya, meanwhile, is no stranger to the SPAC world. SoFi is worried about the future of student debtWhile SoFi has broadened its offering to including saving, investing, and trading, the company got its start focusing on refinancing student loans. A key stipulation of the CARES Act was the forbearance of federal student loans beginning March. That's to say nothing of Biden's proposal to cancel a minimum of $10,000 in federal student loans after he takes office. Apart from student debt cancellation, the COVID-19 pandemic has also led to lower potential students enrolling in college, meaning lower volumes of loan origination for SoFi.

Persons: Chamath Palihapitiya, SoFi's, Ian Osborne, SCH, Chamath Palihapitiya Palihapitiya, SPACs, Palihapitiya, SoFi, Anthony Noto, Sean M, it's, Biden, That's, Joe Biden Susan Walsh, Read, Joe Biden's Organizations: Social Capital, Virgin, Clover Health, Social Capital Hedosophia Holdings Corp V, SEC, Social Capital Hedosophia Holdings Corp, Social, Virgin Galactic, SoFi, Currency, Federal Reserve, LendingClub, Boston, Bank Locations: United States, That's

☆ Fed Chair Powell ramped up calls with Congress in November
▼ + stars: | 2021-01-08 | by ( Reuters Staff | ) www.reuters.com + 0.51 time to read: +1 min

FILE PHOTO: Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee hearing on "The Quarterly CARES Act Report to Congress" on Capitol Hill in Washington, U.S., December 1, 2020. Powell had wanted to keep the programs open to backstop an increasingly weaker-looking recovery. But a week after Powell’s call with Toomey, Treasury Secretary Steven Mnuchin abruptly pulled the plug on most of them and demanded the return of funds earmarked for their use. Powell also held more than a dozen other calls during the month with Democrat and Republican members of Congress, who were at loggerheads at the time over fiscal relief that Powell had for months argued was needed to bolster the economy. The Fed chair has made outreach to senators and members of Congress a key aspect of his tenure.

Persons: Jerome Powell, Susan Walsh, Pat Toomey, Toomey, Powell, Steven Mnuchin Organizations: Federal, REUTERS, Reuters, U.S, Republican, Treasury Department, Biden Administration, Democrat Locations: Washington , U.S, loggerheads

☆ Trump's billionaire backers are 'horrified' by the insurrection at the Capitol but only one has broken with him
▼ + stars: | 2021-01-08 | by ( Hayley Cuccinello | ) www.businessinsider.com + 0.00 time to read: +9 min

One of the president's biggest boosters, casino mogul Phil Ruffin, declined to comment on the insurrection at the Capitol. "I voted for him in this past election in November," activist investor Nelson Peltz told CNBC. Here is how Trump's billionaire donors have responded to the US Capitol attack:Bill Austin. During the attack on the Capitol, President-elect Joe Biden called for Trump to go on national TV to tell supporters to back down. "What happened yesterday is a disgrace and I as an American, I'm embarrassed," Peltz told host Sara Eisen.

Persons: Donald Trump's, Stephen Schwarzman, Nelson Peltz, Donald Trump, Trump, Igor Olenicoff, Phil Ruffin, Biden, Bill Austin, Diane Bondareff, Starkey, Biden's, Albert Schweitzer, John Catsimatidis, Kathy Willens, Jim Justice, Susan Walsh Gov, Ronald Lauder, Evan Vucci Ronald Lauder, Pence, Harris, Donald J, Joe Biden, Heidi Gutman, I'm, Peltz, Sara Eisen, He's, Warren, Harriet Stephens, Jared Siskin, Patrick McMullan, Getty Images Warren Stephens Organizations: Trump, Capitol, Trump . Visit, CNBC, Republicans, Democrats, Trump Presidency, AP, New York Times, WABC, Twitter, World Jewish, NBCU, Getty, Trian Partners, Blackstone, Getty Images Locations: New York City, Washington , DC, United States of America, American

☆ D.C. mayor calls on National Guard as pro-Trump protests set for capital
▼ + stars: | 2021-01-05 | by ( Phil Helsel | Phil Helsel Is A Reporter For Nbc News. | ) www.nbcnews.com sentiment -0.98 time to read: +2 min

The National Guard has been mobilized for Washington, D.C., ahead of pro-Trump demonstrations planned this week as Congress convenes to certify the election results. Mayor Muriel Bowser requested the Guard be activated and urged residents and others to stay safe and be cautious. "We're asking D.C. residents and people who live in the region to avoid confrontations with anybody who's looking for a fight," Bowser said. Maj. Gen. William J. Walker, Commanding General of the D.C. National Guard, said they would be in a support role. Susan Walsh / APIn December, several people were stabbed during clashes around a pro-Trump rally.

Persons: Muriel Bowser, We're, Bowser, Donald Trump, Trump, Wednesday's, William J, Walker, Robert Contee, Contee, Susan Walsh, Enrique Tarrio Organizations: National Guard, Washington, D.C, Trump, Guard, Electoral College, Freedom, Capitol, Associated Press, of Columbia National Guard, Metro, Metropolitan Police Department Locations: Georgia, Freedom, Washington

☆ A top Wall Street bank names the 3 solar stocks to buy now that will surge under Biden
▼ + stars: | 2021-01-05 | by ( Benji Jones | ) www.businessinsider.com + 0.00 time to read: +4 min

Solar stocks surged in 2020 and they have more room to grow in the new year. Three companies — First Solar, Sunrun, and Sunnova — are well-positioned under a Biden administration, according to analysts at JMP Securities. But at least three solar stocks still have plenty of upside, according to analysts at JMP Securities. To answer that question, they turned to the policy changes they expect under a Biden administration. The Biden administration has also indicated support for domestic manufacturing of solar panels.

Persons: Sunnova, Biden, Brenda Mallory, Jennifer Granholm, Gina McCarthy, Michael Regan, Deb Haaland, John Kerry, Michael Brochstein, Susan Walsh, Alex Edelman Organizations: JMP Securities, Biden, Obama, Getty, of Environmental, REUTERS, JPMorgan, JMP Security, TPI Composites Locations: China

☆ Trump's Georgia phone call could expose him to new legal problems, adding to the tsunami he'll face when he leaves the White House
▼ + stars: | 2021-01-04 | by ( Dave Levinthal | ) www.businessinsider.com + 0.00 time to read: +16 min

President Donald Trump faces numerous legal issues at the federal and state levels that could occupy his time for years to come. Trump's legal turmoil involves the president's administration, campaign, inaugural committee, and businesses interests. The outgoing president could face criminal and civil matters at the federal, state, and local levels. During an hourlong phone call, Trump asked Raffensperger, a fellow Republican, to "find" 11,780 votes in Georgia — a state that Trump lost by roughly that many votes. Three Democratic members of Congress, in two separate requests filed during late December, have asked the Department of Justice and Federal Election Commission to investigate whether it violated election laws.

Persons: Donald Trump, Brad Raffensperger, upend, Joe Biden, Trump, Will, Mike Pence, Raffensperger, Don Beyer, Ted Lieu, There's, Fani Willis, Chris Carr, Marc Hershovitz, Richard Nixon, Kurt Kastorf, Kastorf, Bryan Sells, Jake Evans, Jared Kushner, Brendan Smialowski, Trump's, Eric Trump, —, Joe Biden's, Cyrus Vance, Drew Angerer, Letitia James, Manhattan Cyrus Vance, Vance, Alan Dershowitz, Mueller, Hershovitz, JIM BOURG, General Karl Racine of, Stormy Daniels, Michael Cohen, aren't, Rudy Giuliani, Biden, Hunter —, Lev Parnas, Igor Fruman, Sen, Sheldon Whitehouse, Susan Walsh, Democratic Sen, Whitehouse Organizations: Saturday, Georgia, Virginia Democrat, Democratic, Peach, Republican, Justice Department, Holland & Knight, Campaign Finance Commission, Getty, American Made Media Consultants, Department of Justice, Federal, Commission, Trump, National Defense, Department of, Treasury, Treasury Department, State, New York, Trump Organization, Attorney, New, US Department of Justice, Reuters, Internal Revenue Service, New York Times, Biden, District of Columbia, Trump International Hotel, DC, Southern, of, Democrat, National Commission, BP, Horizon Oil Locations: Georgia, Washington, Virginia, Ted Lieu of California, Fulton County, Atlanta, Peach State, United States, AFP, Manhattan, New York, Maryland, DC, General Karl Racine of Washington, of New York, Ukrainian, Rhode Island

☆ GOP lawmakers are set to challenge states' Electoral College votes in a last-ditch attempt to overturn Trump's election defeat
▼ + stars: | 2020-12-22 | by ( Grace Panetta | ) www.businessinsider.com + 0.00 time to read: +8 min

At least one member of the House and one member of the Senate must both move to challenge a state's electors in writing. If no members raise an objection to a state's electors, that states' slate of electors is accepted. Lawmakers cannot challenge all the electoral votes cast throughout the entire country or for a given candidate altogether. If they wish to challenge multiple states' electors, as Brooks has indicated he is interested in doing, they must challenge each state individually. If the group challenges multiple states' electors, the process could drag on until the next day, which the ECA provides for.

Persons: Joe, Mike Pence, Jody Hice, Donald Trump, Axios, Mo Brooks, Andy Biggs of, Matt Gaetz, Marjorie Taylor Greene, Jim Jordan of, Scott Perry, Scott Perry of Pennsylvania, Louie Gohmert of, Trump, Joe Biden, Hice, John Boehner of Ohio, Susan Walsh, isn't, Pence, Biden, Tommy Tuberville, Mitch McConnell, Brooks, it's, John Thune of, Stephanie Tubbs Jones, Sen, Barbara Boxer, George W, Bush, Jones Organizations: Republicans, Electoral College, Axios, Politico, Trump, White, District of Columbia, Biden, Electoral, Chamber, Capitol, AP, 117th, Senate, Republican, GOP, ECA, National Task Force, Congressional Research Service, John Thune of South Dakota, CNN, Democratic, Stephanie Tubbs Jones of Ohio, House Locations: Georgia, Mo Brooks of Alabama, Andy Biggs of Arizona, Florida, Marjorie Taylor Greene of Georgia, Jim Jordan of Ohio, Scott Perry of, Louie Gohmert of Texas, Ohio, Washington, DC, Alabama, John Thune of South, Stephanie Tubbs Jones of

☆ Joe Biden has promised to make the fight against climate change a focal point of his administration. These are the frontrunners for his climate and energy Cabinet jobs.
▼ + stars: | 2020-12-15 | by ( Robin Bravender | ) www.businessinsider.com + 0.00 time to read: +11 min

President-elect Joe Biden is expected to fill out his top climate and energy team as early as this week. Brian Deese, who was then-President Obama's top climate change aide in the White House, will be Biden's lead White House economic advisor starting in January. Biden has also said he'd appoint a domestic White House climate change advisor in December. AP Photo/Susan WalshWhite House climate advisorBiden plans to appoint a domestic White House climate advisor to serve as a counterpart to Kerry, who will focus on international issues. She wouldn't be the first ex-EPA boss to serve as a top White House climate official.

Persons: Joe Biden, Biden, Gina McCarthy, Ernest Moniz, He's, John Kerry, Brian Deese, Obama's, he'd, Mary Nichols, Xavier Becerra, Justin Sullivan, Michael Regan, Regan, Roy Cooper, Clinton, George W, Bush, who's, Donald Trump's, Heather McTeer Toney, EPA's, Obama, Collin O'Mara, Richard Revesz, New Mexico Sen, Tom Udall, Samuel Corum, Udall, Stewart Lee Udall, Stewart Udall, John Kennedy, Lyndon Johnson, Deb Haaland, Biden doesn't, Cedric Richmond, Marcia Fudge, Michael Connor, Kevin Washburn, Connor, Washburn, they're, Elizabeth Sherwood, Randall, Sarah Gerrity, She's, Arun Majumdar, Moniz, Susan Walsh, Kerry, McCarthy, wouldn't, Carol Browner, Ali Zaidi, Andrew Cuomo, Mustafa Santiago Ali, Larry French, Cecilia Martinez, Martinez, Brenda Mallory, Ali Organizations: Environmental Protection Agency, Interior, Energy, EPA, Environmental, North Carolina Department of Environmental, Biden EPA, Biden, Democratic Gov, DEQ, Environmental Defense Fund, New York Times, California Air Resources Board, National Wildlife Federation, New York University, New, Biden's, Anadolu Agency, Getty Images Interior, Interior Department, Obama Interior Department, Obama, University of Iowa College of Law, Indian Affairs, Chickasaw Nation, Energy Department Energy, Energy Department, DOE, Stanford University, There's, AP, Natural Resources Defense, Obama White, New York Gov, SiriusXM Council, Center for Earth, Democracy, University of Delaware, Trump Locations: Biden's, California, EPA's Atlanta, New Mexico, Washington, American, Taos Pueblo, Oklahoma, Sherwood, Iran, New, CEQ

☆ "Dissonance" confronts Fed, with vaccine weighed against joblessness
▼ + stars: | 2020-12-14 | by ( Howard Schneider | ) www.reuters.com + 0.00 time to read: +6 min

(GRAPHIC: Virus explodes, recovery flattens - )The unemployment rate has come down faster and growth through September was stronger than Fed officials projected earlier this year. But few expect the Fed to expand “quantitative easing” now despite the risks scattered across the landscape. Indeed the Fed is, through no fault of its own, actually pulling back: U.S. Treasury Secretary Steven Mnuchin has ordered several Fed pandemic lending programs to close at year end. For some, that’s a reason for the Fed to do more, both to thwart risks facing the economy and to bolster its promises about inflation. “It is a race between fiscal support and when the labor market recovers with the vaccine.”

Persons: Jerome Powell, Susan Walsh, Mark Zandi, ” Zandi, “, ”, Andrew Hunter, Steven Mnuchin, Ed al, Hussainy Organizations: WASHINGTON, Federal, Federal Reserve, Capital Economics, European Central Bank, Columbia, Fed Locations: Washington , U.S, U.S, “

☆ Here's everything the Federal Reserve could do at its policy meeting next week
▼ + stars: | 2020-12-11 | by ( Jeff Cox | ) www.cnbc.com + 0.00 time to read: +3 min

Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee hearing on "The Quarterly CARES Act Report to Congress" on Capitol Hill in Washington, December 1, 2020. Interest rate cuts are not part of that policy buffet, as the Fed's benchmark rate is already anchored near zero. "They have to get incrementally more dovish next week," said Brian Nick, chief investment strategist with Nuveen's Global Investment Committee, using a term to describe looser policy. "I think they're going to go with the maturity extension of the QE program, that's the first step you would take. November's nonfarm payrolls number was below expectations, and jobless claims last week rose to their highest level since September.

Persons: Jerome Powell, Susan Walsh, Brian Nick, Nick, I'm, Tom Graff Organizations: Federal Reserve, Nuveen's Global Investment, Brown Locations: Washington

☆ Trump backs McConnell's Republican COVID-19 relief package: Mnuchin
▼ + stars: | 2020-12-02 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99 time to read: +1 min

FILE PHOTO: Treasury Secretary Steven Mnuchin testifies before the Senate Banking Committee hearing on "The Quarterly CARES Act Report to Congress" on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh/Pool via REUTERSWASHINGTON (Reuters) - President Donald Trump will sign coronavirus relief legislation proposed by Republican Senate Majority Leader Mitch McConnell, Treasury Secretary Steven Mnuchin told reporters on Wednesday, should the proposed package pass the U.S. Congress. Mnuchin spoke a day after he and White House Chief of Staff Mark Meadows addressed COVID-19 relief with McConnell and House Republican leader Kevin McCarthy in a private discussion that focused on measures that Trump could be expected to sign into law. McConnell’s outline is very close to the legislation that the Senate leader has been touting for months and was rejected by Democrats, according to one Senate Republican source. The plan includes $332.7 billion in new loans or grants to small businesses, according to a document provided to Reuters.

Persons: Steven Mnuchin, Susan Walsh, Donald Trump, Mitch McConnell, “, McConnell, ” Mnuchin, Mnuchin, Mark Meadows, Kevin McCarthy Organizations: REUTERS WASHINGTON, Republican, U.S . Congress, Capitol, White, Trump, Democratic, Reuters Locations: Washington , U.S, COVID

☆ Trump backs Republican COVID-19 package after McConnell rejects bipartisan proposal
▼ + stars: | 2020-12-02 | by ( David Morgan | ) www.reuters.com sentiment -0.99 time to read: +2 min

Treasury Secretary Steven Mnuchin said Trump supported a proposal put forth by Republican Majority Leader Mitch McConnell after he rejected on Tuesday a $908 billion bipartisan package. McConnell’s outline is very close to the legislation that the Senate leader has been touting for months and was rejected by Democrats, according to one Senate Republican source. “The president will sign the McConnell proposal that he put forward yesterday. Senate Democratic leader Chuck Schumer cast doubt on the proposal’s future, saying that McConnell had not sought support from Democrats, who control the U.S. House. “The obvious fact of the matter is the biggest impediment to getting an agreement is the Republican leader refusing to negotiate in a bipartisan way,” Schumer told reporters on Tuesday.

Persons: Steven Mnuchin, Susan Walsh, Donald Trump, Trump, Mitch McConnell, McConnell, ” Mnuchin, Mnuchin, Mark Meadows, Kevin McCarthy, Chuck Schumer, ” Schumer Organizations: REUTERS WASHINGTON, Republican, White, Democratic, Representatives, Reuters, Capitol, Trump, . House Locations: Washington , U.S, COVID

☆ Deal on fresh U.S. coronavirus relief eluding congressional Republicans, Democrats
▼ + stars: | 2020-12-02 | by ( David Morgan | Richard Cowan | ) www.reuters.com + 0.00 time to read: +3 min

McConnell’s outline is very close to the legislation that the Senate leader has been touting for months and was rejected by Democrats, according to one Senate Republican source. The plan includes $332.7 billion in new loans or grants to small businesses, according to a document provided to Reuters. “The president will sign the McConnell proposal that he put forward yesterday. But Senate Democratic leader Chuck Schumer blasted the Republican effort for excluding Democrats, who control the U.S. House of Representatives. He noted that the McConnell proposal includes liability protection for businesses that Democrats reject.

Persons: Steven Mnuchin, Susan Walsh, Donald Trump, Mitch McConnell, McConnell, ” Mnuchin, Chuck Schumer, “, ” Schumer, Steny Hoyer, ” Hoyer Organizations: WASHINGTON, Republicans, Democrats, Congress, REUTERS, Republican, Reuters, Capitol, Democratic, . House, Representatives Locations: Washington , U.S, United States

☆ Elon Musk is 'highly confident' SpaceX's Starship will ferry humans to Mars by 2026 — four years later than previously hoped
▼ + stars: | 2020-12-02 | by ( Kate Duffy | ) www.businessinsider.com + 0.00 time to read: +3 min

Elon Musk said Tuesday he is "highly confident" SpaceX will land humans on Mars in 2026 — four years later than he previously hoped. Musk told Axel Springer CEO Mathias Döpfner on Tuesday that he could make his own first trip to orbit in "possibly two or three years." SpaceX founder and CEO Elon Musk said Tuesday he believes the company could land humans on Mars in 2026 — four years later than he previously hoped. Building a city on MarsMusk, who spoke at Axel Springer's headquarters in Berlin, won this year's Axel Springer Award . He told Döpfner that he could make his own first trip to orbit in "possibly two or three years."

Persons: Elon Musk, Musk, Axel Springer, Mathias Döpfner, Döpfner, there'll, Axel Springer's, Susan Walsh, Read, SpaceX's Organizations: SpaceX, Associated Press, International Astronautical Congress Locations: Berlin, Mars, Texas

☆ Breakingviews - Fed chief makes case for non-partisan high ground
▼ + stars: | 2020-12-01 | by ( Anna Szymanski | ) www.reuters.com + 0.00 time to read: +2 min

Susan Walsh/Pool via REUTERSNEW YORK (Reuters Breakingviews) - Jay Powell remains the adult in the room. The Federal Reserve chair testified in the U.S. Senate on Tuesday alongside Treasury Secretary Steven Mnuchin in a hearing on Covid-19 relief measures. Instead the posturing came from senators as the polarizing presidency of Donald Trump transitions to the administration of President-elect Joe Biden. A $908 billion bipartisan stimulus bill, released by a group of senators the same day, offers both sides reasons to compromise. Some in Biden’s circle want the Fed to get more involved in addressing social inequities, too, not to mention a possible role in tackling climate change.

Persons: Jerome Powell, Susan Walsh, Jay Powell, Steven Mnuchin, Donald Trump, Joe Biden, Sherrod Brown, Mnuchin, Tom Cotton, Powell, Biden Organizations: REUTERS NEW YORK, Reuters, Federal, U.S . Senate, Ohio, Republican, Trump, Washington, Fed Locations: Washington , U.S, U.S, Arkansas

☆ Trump has more or less stopped talking about the pandemic, as the CDC predicts the US could hit 300,000 deaths before Christmas
▼ + stars: | 2020-11-26 | by ( Bill Bostock | ) www.businessinsider.com + 0.00 time to read: +4 min

President Donald Trump has stopped talking about the coronavirus pandemic, even as the US struggles through its third outbreak, and new hospitalizations and infections continue to soar. Since President-elect Joe Biden won the 2020 election, Trump has used his public statements to double down on the baseless claims that the election was stolen from him. On Wednesday, the Centers for Disease Control and Prevention predicted that the US could pass 300,000 coronavirus deaths by December 19. President Donald Trump has all but stopped talking about the coronavirus pandemic, despite the Centers for Disease Control and Prevention warning the US could pass 300,000 deaths by Christmas. On Wednesday, the CDC said that the US may hit 300,000 coronavirus deaths before December 19.

Persons: Donald Trump, Joe Biden, Trump, —, Melanie Trump, Susan Walsh Trump, what's, Biden, Sarah Al, Arshani Organizations: Centers for Disease Control, for Disease Control, WIN, CDC, US, Johns Hopkins University, New York Times, AP, Dow Jones Industrial, GOP, White House, Pfizer Locations: China

☆ U.S. senators urge Facebook, Twitter for tighter checks before Georgia runoff election
▼ + stars: | 2020-11-24 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00 time to read: +2 min

Senator Richard Blumenthal on Tuesday called on the heads of Facebook and Twitter for information on steps the social media firms are taking to prevent the spread of misinformation ahead of the runoff U.S. Senate elections in Georgia. Social media firms have been under scrutiny over how they police rapidly spreading false information and election-related abuses of their platforms. Georgia’s two competitive contests in January will determine which party gets majority control of the Senate. The letters, signed by four Democratic Senators and Bernie Sanders, sought information about the content moderation practices, civic integrity policies and improvements that the companies will have in place for the Georgia runoff election. Senator Bob Menendez also sent a letter to YouTube, urging the video platform to remove content that spread misinformation on election results, sow public discord and fuel civil unrest.

Persons: Richard Blumenthal, Donald Trump, Susan Walsh, ”, Blumenthal, Mark Zuckerberg, Jack Dorsey, Kamala Harris, Bernie Sanders, Bob Menendez, Menendez, “, ” Menendez Organizations: Capitol, REUTERS, Reuters, Facebook, Social, Senate, Democrats, Republican Senate, Democratic, YouTube, Google, Inc Locations: Washington , U.S, Georgia

☆ Democrats send letter to GSA head Emily Murphy demanding to know why the Biden-Harris transition has not begun
▼ + stars: | 2020-11-20 | by ( Charles Davis | ) www.businessinsider.com + 0.00 time to read: +4 min

In a letter sent Thursday, Democrats ask Emily Murphy, head of the General Services Administration, to personally explain why she has not joined every major news network in calling the election. Democratic leaders are demanding to know why President-elect Joe Biden has not been recognized as the next US head of state by the Trump administration, despite the race have already been called by all major news networks. "President-elect Biden and Vice President-elect Harris have clearly satisfied any good faith reading of this standard," the Democratic lawmakers wrote. Back then, former Vice President Al Gore and former President George W. Bush were locked in an intense legal battle in Florida, with the victor set to move into the White House. General Services Administration Administrator Emily Murphy has refused to designate an "apparent" winner of the 2020 election.

Persons: Joe Biden, Emily Murphy, Trump, Donald Trump, —, Murphy, Biden, Harris, Gerry Connolly, Al Gore, George W, Bush, David J, Barram, Susan Walsh Per, Gore Organizations: General Services Administration, Democratic, CNN, GSA, US, Republican, General Services, AP, Susan Walsh Per CNN, Electoral College Locations: Florida, Bush

Presidential Transition: Georgia Completes Full Recount, Reaffirming Biden’s Win The Georgia secretary of state’s office confirmed the results after six days of hand counting, as president Trump also sought to insert himself into vote-counting in Michigan. The New York Times and other national news outlets called Georgia for Mr. Biden last week. Mr. Trump carried Floyd, Fayette and Walton Counties; Mr. Biden won Douglas County. The Congressional Hispanic Caucus made that request in a letter on Thursday to Jeffrey D. Zients, a co-chair of the Biden transition. to formally initiate the transition between Mr. Trump and Mr. Biden.

Persons: Win, Trump, Mitt Romney, ”, Joseph R, Biden, Megan Varner, President Trump, Brad Raffensperger, Raffensperger, David Perdue, Kelly Loeffler, —, Douglas —, Floyd County’s, Robert Brady, Melanie Conrad, Brady, Biden’s, Patrick Moore, Richard Fausset, Anna Moneymaker, Mike Shirkey, Lee Chatfield, Trump’s, Rudolph W, Giuliani, Wayne County’s, Gretchen Whitmer, “, Joe Biden, Maggie Haberman, Nick Corasaniti, Jim Rutenberg, Alan Feuer, Glenn Thrush, Emily W, Murphy, Susan Walsh, Carolyn B, Maloney, Nita M, Gerald E, Connolly, Mike Quigley of, Ms, Mr, Gary Peters of, Lin Wood, Richard A, Jewell, Wood, Steven D, Grimberg, ” Judge Grimberg, Alex Jones, Gloria Gill, “ It’s, that’s, Ruth Fremson, hasn’t, ” Mr, Joni Ernst, Mitch McConnell, Erin Schaff, Joni Ernst of Iowa, Fox News’s Guy Benson, Ernst, Sidney Powell, Kevin McCarthy of, Steve Scalise, Liz Cheney, Francis Rooney of Florida, Rooney, Peter T ., Fred Upton, — Nicholas Fandos, G.O.P, David Eggert, Debbie Stabenow, Gary Peters, Shirkey, Chatfield, Cory Morse, Michigan’s, ’, Ben Carson, tweeting, ” — Eileen Sullivan, Mitt Romney admonishes Trump’s, Samuel Corum, Romney, Ben Sasse, Sasse, Rudy, ” Emily Cochrane, — David Perdue, Perdue, Jon Ossoff, Perdue’s, Ossoff, Perdue doesn’t, Kedric Payne, ” “ David Perdue's, Jud Simmons, Simmons, Jeffrey D, Jennifer Molina, Biden “, ” — Thomas Kaplan, Mitch McConnell of, Jay Timmons, Tom Donohue, Axios Organizations: Democrat, Georgia, Getty, ATLANTA, Republican, New York Times, Mr, Trump, Michigan, House, The New York Times, White, Senate, Michigan House, Electoral College, The Trump, Democratic, General Services Administration, Associated Press, Electoral, Capitol, Republicans, Democrats, Ledger, Associated Press ATLANTA, Arizona Republican Party, Northern District of, State Capitol, ”, Credit, Fox, Republican House, Michigan Republican, CNN, Press, White House, State, Michigan Senate, Grand Rapids Press, Michigan’s Republican, Gov, General Motors, Bridge Michigan, Twitter, “, Navy, Naval, New York, Daily, Pfizer, Perdue’s Democratic, BWX Technologies, Senate Armed Services, National Defense, Congress, Campaign, Technologies, Congressional Hispanic Caucus, Treasury, New York Times Business, U.S . Chamber of Commerce, National Association of Manufacturers, Dow, Trane Technologies Locations: Georgia, Win The Georgia, Michigan, ” Georgia, Lawrenceville, Ga, — Floyd, Fayette, Walton, Floyd, Douglas County, Wayne County, Mich, Detroit, Philadelphia, Milwaukee, Atlanta, Wayne, New York, United States, Capitol Hill, Virginia, Mike Quigley of Illinois, Gary Peters of Michigan, Columbus , Ga, Maricopa County, Phoenix, Northern District, Northern District of Georgia, Augusta, Wilmington, Del, Kentucky, Kevin McCarthy of California, Louisiana, Wyoming, Detroit , Michigan, Utah, Nebraska, BWX, America, Nevada, Washington, Mitch McConnell of Kentucky

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