While stimulus has been the most talked about a vote on spending for Congress to approve, few realize President Trump had to sign a 24 hour stop gap measure last night to keep the federal government running as it technically… Read More ›
U.S. House Speaker Nancy Pelosi has set up another deadline for Republicans and the White House regarding an additional stimulus plan for America. Yesterday, while being interviewed on This Week on ABC, Pelosi said, “The 48 [hours] only relates to… Read More ›
Trump now willing to drop ‘liability shield’ to move negotiations forward on COVID-19 bailout bill being negotiated in Congress
Today, July 31, 2020, most aspects of the CARES Act will expire which include that $600 taxpayer funded income millions of Americans are having dropped into their banks accounts each week. As these benefits expire, the White House is showing that it is more concerned with keeping the money flowing into the hands of Americans than liability protections for businesses. Trump still wants liability protections for business; however, suddenly this morning seems unwilling for that to be a stumbling block for getting another round of spending in place before Congress goes into a month-long recess on August 7, 2020.
We are in for a week or so of back and forth in and outside of Congress and U.S. Senate Republican introduce their CARES ACT Part Deux. Since we are in an election year, expect some grandstanding, hyperbolic soundbites, and vitriol.
Congress isn’t known for learning from its mistakes. So, it’s not exactly shocking that despite the many failures of their last effort, lawmakers from both parties are pushing for another massive relief bill to stimulate the economy amid COVID-19 and the continued economic fallout.
During the COVID-19 pandemic, countless people globally have lost their jobs, their freelancing work, or have in some other way been financially impacted. In America, we expect many of these people to lose the income they have been getting dropped… Read More ›