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1/ Congress plans to try and pass a two-day government funding extension in order to avoid a government shutdown after midnight as lawmakers struggle to finalize a $900 billion coronavirus relief package. The relief proposal is expected to include $600 direct payments for American families and children – half the stimulus checks issued last spring – $325 billion for small businesses, and $300 in enhanced weekly unemployment benefits, along with billions of dollars for small businesses, vaccine distribution, and schools. White House aides intervened and talked Trump out of calling for “at least” $1,200 in stimulus payments per person. Instead, Trump said that “stimulus talks [are] looking very good.” Meanwhile, Democrats accused Republicans of trying to “sabotage” Biden’s ability to lead an economic recovery after he takes office by cutting off the Federal Reserve’s emergency lending powers created by the CARES Act to protect the economy. [Editor’s note: FYI this entire blurb could be old news by the time you read this.] (CNBC / NBC News / CNN / Washington Post / New York Times / Politico / Wall Street Journal / Washington Post)
By Matt Kiser4.9
448448 ratings
1/ Congress plans to try and pass a two-day government funding extension in order to avoid a government shutdown after midnight as lawmakers struggle to finalize a $900 billion coronavirus relief package. The relief proposal is expected to include $600 direct payments for American families and children – half the stimulus checks issued last spring – $325 billion for small businesses, and $300 in enhanced weekly unemployment benefits, along with billions of dollars for small businesses, vaccine distribution, and schools. White House aides intervened and talked Trump out of calling for “at least” $1,200 in stimulus payments per person. Instead, Trump said that “stimulus talks [are] looking very good.” Meanwhile, Democrats accused Republicans of trying to “sabotage” Biden’s ability to lead an economic recovery after he takes office by cutting off the Federal Reserve’s emergency lending powers created by the CARES Act to protect the economy. [Editor’s note: FYI this entire blurb could be old news by the time you read this.] (CNBC / NBC News / CNN / Washington Post / New York Times / Politico / Wall Street Journal / Washington Post)

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