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The $2 trillion coronavirus stimulus bill will 'probably' not be enough to protect workers and save the economy, Schumer says

2 monthes ago   |   By Business Insider

The United States Senate and White House agreed Wednesday on a $2 trillion stimulus bill to help bolster American workers and the economy riven by the coronavirus pandemic.
It's the largest emergency stimulus package in modern American history.
American individuals making less than $75,000 would be given a one-time payment of $1,200, and billions more would be given to small businesses, local and state governments, and hospitals.
But Senate Minority Leader Chuck Schumer said Congress will "probably" need to provide more aid to Americans and the economy as the crisis continues.
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Dow soars 600 points after $2 trillion coronavirus stimulus deal reached

Dow soars 600 points after $2 trillion coronavirus stimulus deal reached

2 monthes ago   |   By Business Insider

US stocks climbed on Wednesday after the White House and the Senate reached an agreement overnight on a $2 trillion relief package.
The bill includes payments for Americans, unemployment benefit expansions, and loans for businesses hit by the economic slump.
The gains follow the Dow Jones industrial average's best day since 1933. The benchmark index soared 11% in Tuesday's session as investors bet on a near-term deal for fresh fiscal stimulus.
Watch major indices update live here .
US stocks climbed on Wednesday after the White House and the Senate reached an agreement overnight on a...
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Congress finalizes $2 trillion stimulus package to combat devastation caused by coronavirus crisis

Congress finalizes $2 trillion stimulus package to combat devastation caused by coronavirus crisis

2 monthes ago   |   By Metro

Congress passed the largest financial package deal in US history to confront the coronavirus crisis. House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell were key players in negotiating the deal.
Congress finalized a $2 trillion dollar stimulus package to relieve economic pressure caused by the surging coronavirus crisis.
The deal, which is the largest financial package in the country's history, was signed early Wednesday morning after days of Senate debate.
It is set to extend taxpayer assistance to unprecedented levels in an attempt to aid the millions of companies...
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Chuck Schumer made sure businesses controlled by Trump, his family, and top US officials couldn't get money from the government's $2 trillion coronavirus bailout fund

Chuck Schumer made sure businesses controlled by Trump, his family, and top US officials couldn't get money from the government's $2 trillion coronavirus bailout fund

2 monthes ago   |   By Business Insider

Senate minority leader Chuck Schumer secured a condition in the government's $2 trillion coronavirus stimulus package that barred President Donald Trump's businesses from receiving money.
Under the proviso, businesses owned by members of Congress, Vice President Mike Pence, and top members of the executive branch are also excluded from the bailout.
Trump owns a string of high-end hotels and golf resorts - and several of his businesses have been shuttered during the pandemic.
The aid package, agreed on by the White House and Senate on Tuesday, provides assistance to Americans laid off in...
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Deal on $2 trillion coronavirus stimulus package reached between the Senate and White House

Deal on $2 trillion coronavirus stimulus package reached between the Senate and White House

2 monthes ago   |   By Business Insider

Senate leaders and the White House reached a deal on a roughly $2 trillion economic stimulus package with the novel coronavirus threatening near-term recession.
The compromise on the stimulus package was announced just before 1 a.m. ET on Wednesday, but the full text of the deal with specifics was not expected to be circulated until later in the morning.
In a speech on the floor following the deal, Senate Majority Leader Mitch McConnell said the bill would inject trillions into the economy and would include checks for Americans, calling it a "wartime level of investment."
"We have a...
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Doctor and nurse tie the knot in hospital chapel after wedding cancelled...

Doctor and nurse tie the knot in hospital chapel after wedding cancelled because of coronavirus

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Canada energy minister says the pandemic is a 'great time' to build...

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A North Carolina hair salon banned Tyson workers as meat processing plants...

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PS Plus games for June includes Call of Duty: WW2 - available to download now

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Pharma giant Merck just jumped into the coronavirus race with 2 vaccine...

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Man Utd transfer news: €60m Liverpool hijack lined up, Harry Kane transfer...

Man Utd transfer news: €60m Liverpool hijack lined up, Harry Kane transfer message, World Cup winner cleared to join

Manchester United may be lucky enough to be one of the clubs least affected by the economic impact of the coronavirus pandemic. The Red Devils look to be in a fairly strong... Read more ...