Sunday, Mar 07, 2021 - 06:17:17
20 results - (0.016 seconds)

the state stimulus:

    WASHINGTON -- The House passed a $1.9 trillion pandemic relief package early Saturday, 219-212, that includes $1,400 checks for most Americans and billions of dollars for schools, state and local governments and businesses.Republicans are overwhelmingly against the bill, raising concerns that the spending is vastly more than necessary and designed to advance policy priorities that go beyond helping Americans get through the pandemic. Democrats and President Joe Biden counter that a robust aid package is necessary to prevent a long and painful recovery from the pandemic.The Democrats' goal is to have COVID-19 relief approved by mid-March, when extra unemployment assistance and other pandemic aid expires. The Senate, which Democrats control with a tie-breaking vote from the vice president, will consider the bill next.EMBED More News Videos The House approved a $1.9 trillion pandemic relief bill in a win for President Joe Biden. A look at some highlights of the legislation:$1,400...
    Gov. Gavin Newsom speaks at a press conference on homelessness in Oakland, Calif., on Thursday, Jan. 16, 2020. Jane Tyska/Digital First Media/East Bay Times via Getty Images California Gov. Gavin Newsom signed a $7.6 billion stimulus bill into law on Tuesday afternoon. The bill includes $600 stimulus checks for specific economic groups. The state stimulus bill also includes more than $2 million in grants for small businesses. Visit Insider's homepage for more stories. Lawmakers in California have approved a bill that will give 5.7 million people in the state $600 stimulus payments. The checks are part of a $7.6 billion coronavirus relief package that Gov. Gavin Newsom signed into law on Tuesday. Fewer people will receive the state-ordered checks than those who received federal stimulus checks last year, but the payments will target two specific economic groups, the governor detailed on his website. The first group is...
    CALIFORNIA has passed a new stimulus bill to provide an additional check for low-income residents on top of the potential third relief payment provided by the federal government. On Wednesday, California lawmakers passed a $9.6 billion coronavirus relief package, which will provide eligible residents with an extra $600. 6Californians are likely to receive an addition $600 stimulus payment.Credit: Getty Images - Getty That's in addition to the proposed $1,400 that Congress is working on now. California's bill -- called the Immediate Action Agreement, a version of the Golden State Stimulus plan Gov. Gavin Newsom introduced last month -- would also increase aid to small businesses, and add resources for child care services and emergency financial aid for community college students. "As we continue to fight the pandemic and recover, I'm grateful for the Legislature's partnership to provide urgent relief and support for California families and small businesses where it's needed most," Newsom said in a...
    Finance ministers are starting to discuss their national stimulus plans. To prevent the debates from dragging on, the Commission is already drawing its red lines. VDid you like the negotiation on the European recovery plan? You will like the one on the recovery plans of each state, to be returned to obtain a share of the 750 billion euros in the common pot. The Portuguese, who this semester hold the presidency of the Council of the EU (where the member states meet), have made the implementation of the 2020 agreements their priority. Hence the idea of ​​discussing it already between finance ministers in January, although we do not have much to eat at this stage. The legislation which materializes from paper to reality the European recovery plan must still be formally approved by all sides (Parliament and Council) before it can come into force...
    About 12 million jobless workers were on track to lose their unemployment benefits on December 26, due to the expiration of two pandemic-crisis programs. But a lifeline came on Monday when Congress passed a $900 billion stimulus package that would extend those programs, as well as add $300 in extra weekly jobless pay.  Now the timing of that lifeline is up in the air for a number of reasons, including President Donald Trump's last-minute demand for changes to the bill.  While Mr. Trump on Tuesday evening aired grievances about several issues in the bill, his more pointed complaints were directed toward the $600 direct stimulus payments, which he called "ridiculously low." Mr. Trump also commented on a tax break for business meals, which he said should be extended for longer than the two years stipulated by the bill. Mr. Trump didn't address the issue of unemployment aid, however. The stimulus...
    The federal stimulus package that lawmakers in Washington have agreed to is “very encouraging news” for California, Gov. Gavin Newsom said Monday as he outlined how much of the $900 billion federal package is likely to flow to the Golden State. “While it’s a lower number than we had hoped for, it is nonetheless significant,” the governor said. The package did not include aid for state and local governments that Newsom spent months lobbying for. He said Congress “will need to do more in the future.” But he didn’t dwell on that Monday, instead focusing on how a cash infusion estimated at about $50 billion — most of it for unemployment and direct stimulus checks — will help struggling Californians: “It’s money directly in your pocket,” he said. While he cautioned that the figures are initial estimates, Newsom said California expects to receive: $20 billion in unemployment assistance (based...
    Loading the player... Lori Lightfoot has never been one to mince words. Now the Chicago mayor has set her sights on Senate majority leader Mitch McConnell. Even before he once again rejected a stimulus proposal late Thursday that would leave cities and states empty-handed during a time of incredible economic strain, Lightfoot was growing impatient with his tactics. READ MORE: US experts convene to decide whether to OK Pfizer vaccine “I hope what Democrats in Congress will say is, ‘Over my dead body,’” the mayor said Wednesday during a press briefing about plans to distribute the vaccine for COVID-19 in Chicago. “Every single town and municipality in this country is hurting. Blue, red, purple; independent mayors, Republican mayors, Democratic mayors.” Chicago mayor Lori Lightfoot arrives at Wrigley Field on April 16, 2020 in Chicago Illinois. (Photo by Jonathan Daniel/Getty Images) While there have been pockets of bipartisan support...
    U.S. Senate Majority Leader Mitch McConnell (R-KY) arrives for the news conference following the weekly Senate Republican caucus policy luncheon on Capitol Hill in Washington.Jonathan Ernst | Reuters Congress tried to scratch out an elusive coronavirus relief deal Tuesday as familiar roadblocks stood in the way of aid for Americans struggling to cover food and housing costs. Leaders in Washington hope to pass a rescue package before the end of the year after months of inaction. Failure to send more help before then could cut off unemployment benefits to about 12 million people and leave millions facing the threat of eviction. To strike a deal in time, Republicans and Democrats still need to resolve major disputes over liability protections for business, state and local government relief and direct payments to Americans. Lawmakers plan to buy themselves more time to reach both pandemic aid and spending agreements by approving...
    Teachers, the group most vulnerable nationwide to public sector layoffs, are oriented before classes to the new reality in Provo, Utah. If you read well beyond the headlines today about the government’s employment report, you may notice that 99,000 jobs were shed in the economy’s public sector in November. That recalls to mind the huge public sector job losses in the Great Recession. By July 2013, nearly 800,000 local and state government employees had been cut from the payroll. Even now, a decade after that economic downturn officially ended, not all those workers have been replaced. This time around, 1.3 million public sector jobs have been lost. The pain associated with that doesn’t just apply to those who lost their jobs or those still working who have had to pick up their departed colleagues’ tasks, it also affects private business that depend on the public sector for all kinds of services. Faced with even more...
    His majority HAS to end. It's been 199 days since the House passed the $3 trillion HEROES Act, and 63 days since the House passed its compromise $2.2 trillion bill.  Senate Majority Leader Mitch McConnell, back in town after a week off for Thanksgiving, once again trolled Democrats and the nation, saying on the Senate floor, "There is no reason why we should not deliver another major pandemic relief package to help the American people through what seems poised to be the last chapters of this battle." But there is a reason: He is still insisting on a liability shield for businesses that give them immunity from wrongful death lawsuits when they allow their workers to be exposed to a deadly virus. Which has definitely happened. McConnell seized on bad advice from one of former President Barack Obama's economic advisers, Austen Goolsbee, that Democrats should "should take half a loaf, and then...
    (CNN)Thousands of inmates throughout California -- including death row inmates -- may have bilked the state's unemployment benefits system of up to a billion dollars in what prosecutors called "the largest ever taxpayer fraud to occur in this state's history."Murderers, rapists, child molesters and serial killers are among thousands of prisoners implicated in a scam in which inmates -- or people using their identities -- filed for unemployment insurance and the $600 per week federal Covid-19 relief that accompanied it, according to Sacramento District Attorney Anne Marie Schubert, who outlined the issue at a news conference Tuesday. Schubert described the scam as an all-encompassing effort that included every facility in California's Department of Corrections and Rehabilitation, including local, state and federal institutions.IRS policies help fuel tax refund fraud, officials say"That money was stolen from the coffers of the California government," said Schubert, who was joined by district attorneys from Kern...
    Real Salt Lake forward Sam Johnson suspended after alleged shooting at his house party Amazon Prime Day deals you can shop now Most Americans don't know these lucrative Social Security "secrets" Ad Microsoft Full screen 1/7 SLIDES © pcess609 / Getty Images/iStockphoto Unemployed workers who are looking to increase their weekly benefits seem to be out of luck — at least for a while anyway. After weeks of failed talks between the White House and Congress, President Donald Trump put an end to negotiations for another broad stimulus package until after the election. “I have instructed my representatives to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business,” Trump tweeted on Oct. 6. A delay...
    This combination of pictures created on September 29, 2020 shows Democratic Presidential candidate and former US Vice President Joe Biden (L) and US President Donald Trump speaking during the first presidential debate at the Case Western Reserve University and Cleveland Clinic in Cleveland, Ohio on September 29, 2020.Getty Images The House of Representatives' $2.2 trillion stimulus bill is not a bailout of blue states that voted for Hillary Clinton in 2016, but it does provide more funds to states run by Democratic governors, according to a CNBC analysis. CNBC analyzed data provided by the House Appropriations committee that estimates how the roughly $417 billion earmarked in the bill for state and local governments will be appropriated. Funding for states has become a major stumbling block for the broader bill with Republicans seeing it as a bailout for badly managed and high-tax blue states. Zoom In IconArrows pointing outwards The analysis...
    VIDEO3:1203:12Aid to states is the biggest road block to stimulus deal, says White House chief of staff MeadowsSquawk on the Street White House Chief of Staff Mark Meadows said on Tuesday that aid to state and local governments poses the biggest obstacle in the way of a relief deal, even as "real progress" was being made between Democrats and Republicans on a potential new stimulus bill.  "As we look at the number of things that we actually agree to, and the amounts of money allocated to those areas, probably the biggest stumbling block that remains is the amount of money that would go to state and local help," Meadows said during an interview on CNBC's "Squawk on the Street."  Talks between the White House and Democratic congressional leaders broke down last month after the two sides failed to agree on the terms of a fifth package designed to contain the...
    SOUTH Dakota's Republican Governor has declined the $400 federal support saying the state's residents did not need it. The state did not shut down during the coronavirus pandemic and Governor Kristi Noem said it was in "fortunate position of not needing to accept it". 3Rep. Kristi Noem, Republican, South DakotaCredit: Getty Images - Getty Noem is one of Trump's most vocal allies and released a statement on on Thursday saying: "My administration is very grateful for the additional flexibility that this effort would have provided, but South Dakota is in the fortunate position of not needing to accept it. "South Dakota’s economy, having never been shut down, has recovered nearly 80% of our job losses." Under Trump's latest executive order, the government aims to divert billions of dollars in federal disaster assistance to unemployed Americans. Noem added: "South Dakota is the only state in the nation that didn’t have...
    The Dow (INDU) recorded its finest quarter considering that the first three months of 1987 with a 17.8% leap, when the S&P 500 (SPX) logged its ideal quarterly achieve since the final three months of 1998, climbing 19.9%.The tech-major Nasdaq Composite (COMP) lagged only slightly powering, with its ideal overall performance considering the fact that the fourth quarter of 1999, soaring 30.6%.All a few indexes also finished in the eco-friendly on Tuesday, the remaining buying and selling day of June and the 2nd quarter.It is been an particularly turbulent quarter for the inventory industry.The buoyant rally arrived on the coattails of a dramatic selloff in the marketplace in March, when the pandemic lockdown started. The Dow recorded its worst begin to a 12 months in heritage, falling 23.2% in the first a few months.But investors had been optimistic about the summer time many thanks to the gradual reopening of the...
1