economic stimulus package

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Pelosi Sets Stimulus Deadline, While McConnell Plans Vote

Dueling plans are more than $1T apart in cost

(Newser) - House Speaker Nancy Pelosi said there has to be meaningful progess in negotiations on a pandemic stimulus bill by Monday if anything is going to pass before the election. The framework for unsettled parts of the package, at least, need to be settled, she said. "Are we going with...

Study: Millions Fell Into Poverty as Federal Relief Ran Out

Columbia researchers say number of US poor has grown by 8M since May

(Newser) - The world's poor have been hit the hardest by the pandemic—and in the US, that group includes 6 million to 8 million more people than it did a few months ago, according to two studies released this week. Columbia University researchers found that the number of poor people...

Stocks Drop as Stimulus Hopes Fade
Markets 'Listless' as
Stimulus Hopes Fade
MARKETS
Oct 14, 2020 4:00 PM CDT

Markets 'Listless' as Stimulus Hopes Fade

'The time for being able to pull this off is now coming to a close'

(Newser) - Stocks gave up early gains and closed lower Wednesday, adding to Wall Street's losses from a day earlier. The S&P 500 fell 0.7% after spending the morning swaying between small gains and losses. Companies that rely on consumer spending, banks, and technology and communication stocks bore the...

Stimulus Deal Advances, but a Big Skeptic Remains

Senate majority leader McConnell thinks it's unlikely to happen before the election

(Newser) - With President Trump's on-and-off support now back on, the White House sent a bigger stimulus package proposal to House Speaker Nancy Pelosi on Friday. Treasury Secretary Steve Mnuchin and Pelosi spent a half-hour discussing the $1.8 trillion plan on the phone Friday afternoon, Politico reports. The two sides...

Pelosi Reacts to Trump's Latest COVID Relief Offer

The House Speaker says she won't go for piecemeal relief

(Newser) - Nancy Pelosi swiftly rejected President Trump's idea of a stand-alone bill to send Americans $1,200 checks, NBC News reports. "All the president wants is his name on a check," she said Wednesday. "And that doesn't—we're here to honor our heroes, crush the...

Dow Just Had Its Best Day Since July
Dow Jumps 530 Points
After Trump U-Turn
MARKETS
Oct 7, 2020 3:18 PM CDT

Dow Jumps 530 Points After Trump U-Turn

Markets are 'addicted to stimulus,' analyst says

(Newser) - Stocks marched higher on Wall Street Wednesday after President Trump appeared to backtrack on his decision to halt talks on another rescue effort for the economy. The S&P 500 climbed 1.7% higher in trading after Trump sent a series of tweets late Tuesday saying he’s open to...

Dow Dives 375 Points After Trump Calls Off Relief Talks

'This really goes to the health of the recovery'

(Newser) - Stocks turned sharply lower on Wall Street Tuesday afternoon after President Donald Trump ordered a stop to negotiations with Democrats on a coronavirus economic stimulus bill until after the election. The S&P 500 index slid 1.4% after having been up 0.7% prior to the president’s announcement,...

Trump Halts COVID Relief Talks Until After Election

Moves ends hopes of near-term relief for millions affected by pandemic

(Newser) - The stock market rose when President Trump was released from the hospital Monday—and sank again less than 24 hours later when he declared that talks on a coronavirus relief package will be suspended until after the election. "Nancy Pelosi is asking for $2.4 Trillion Dollars to bailout...

Cramer Sorry for Calling Pelosi 'Crazy Nancy'

Speaker says House will stay in session until deal on coronavirus bill is reached

(Newser) - The House is back in session after the summer recess—and Nancy Pelosi says it will stay in session until a deal on a new coronavirus relief bill is reached. Politico reports that the House speaker, who is holding out for a sweeping $2.2 trillion stimulus bill, is under...

Trump: I'll Act on My Own on 4 Issues

He's preparing executive orders on jobless benefits, student loan relief, others

(Newser) - The workweek came and went without a deal in Congress for pandemic relief, and that's despite a two-hour meeting Friday with Nancy Pelosi, Chuck Schumer, Treasury's Steven Mnuchin, and White House chief of staff Mark Meadows. Afterward, the latter two said they would recommend that Trump issue executive...

Kudlow on Next Stimulus Bill: 'There's a $1.2K Check Coming'

Senate GOPers set to reveal $1T coronavirus relief package on Monday

(Newser) - Senate Republicans are set to release a $1 trillion coronavirus relief package on Monday, and with that deal, Americans can expect checks similar to the ones sent out in the last round. "There's a $1,200 check coming," White House chief economic adviser Larry Kudlow said in...

Republicans Ditch Key Trump Demand in New Aid Package

Payroll tax cut won't be in 'base bill'

(Newser) - Republicans have jettisoned one of President Trump's key demands even before the start of negotiations with Democrats over the next coronavirus stimulus package. Senate Republicans, who are planning to unveil the package Thursday, decided not to include the payroll tax cut the president has been calling for, the Washington ...

After Grueling Slog, Weary EU Leaders OK $2.1T COVID Deal

It took 4 days and nights of negotiations in Brussels

(Newser) - After four days and nights of wrangling, exhausted European Union leaders finally clinched a deal on an unprecedented $2.1 trillion budget and coronavirus recovery fund early Tuesday, after one of their longest summits ever. The 27 leaders grudgingly committed to a costly, massive aid package for those hit hardest...

Senators' Proposal: Americans Should Get $2K a Month

Kamala Harris, Bernie Sanders, Ed Markey unveil 'big idea' to relief economic pain during pandemic

(Newser) - Americans who received a $1,200 stimulus check from the government to help mitigate financial losses during the coronavirus pandemic could now be coming to a sobering realization: It may not be enough. Three senators are saying the same, and they've just put forth a "big idea" to...

Next Move for Pelosi, Schumer Is 'Rooseveltian'

Senate minority leader says coronavirus relief plan is response to call for 'big and bold' action

(Newser) - With millions out of work and the future still murky amid the coronavirus pandemic, Americans are wondering what relief may soon be coming their way. Senate Minority Leader Chuck Schumer and House Speaker Nancy Pelosi have something in the works: specifically, an aggressive economic stimulus plan that Schumer describes in...

Top Franchise Returns US Loan
Also Returning PPP
Loan: The Lakers
Apr 27, 2020 6:50 PM CDT

Also Returning PPP Loan: The Lakers

Team borrowed $4.6M from federal pandemic relief fund

(Newser) - The Los Angeles Lakers have about 300 employees, which made the franchise eligible for a loan under the Paycheck Protection Program, created by the new $2.2 trillion coronavirus relief legislation. The team received a $4.6 million loan, the Los Angeles Times reports. But when the federal fund ran...

House Approves $484B More for Small Businesses, Testing

Democrats add a panel to investigate administration's actions

(Newser) - A $484 billion coronavirus relief package cleared the House on Thursday and is on its way to President Trump, who has said he will sign it. The legislation re-funds a tapped-out loan program for small businesses struggling during the pandemic slowdown, the New York Times reports, with a $320 billion...

Deal Reached on $500B Coronavirus Relief Plan
Senate Passes $484B
Coronavirus Relief Plan
UPDATED
Apr 21, 2020 4:44 PM CDT

Senate Passes $484B Coronavirus Relief Plan

It includes $25B for coronavirus testing

(Newser) - Congress and the White House reached a deal on a new $484 billion coronavirus relief package in late-night talks and it sailed through the Senate on Tuesday. The package includes around $310 billion for the Small Business Administration's Paycheck Protection Program, which ran out of money last week after...

Man Felt 'Violated' After Landlord Text on Stimulus Check

Ore. man says property manager illegally accessed payment status via IRS site, asked for rent

(Newser) - On April 15, Austin Goodrich received his stimulus check from the government. That same day, he got some odd texts from his property manager, per Business Insider . In messages documented by Joshua Browder, CEO of the DoNotPay legal chatbot, Goodrich's landlord asked him, "You got your stimulus, just...

Dead People Are Getting Stimulus Payments

Relatives of the deceased are asking: Will the government want it back?

(Newser) - The dead may tell no tales, but they do get stimulus checks—and media reports are cropping up about relatives wondering what to do with the windfall. "Obviously, she does not need stimulus right now," Jeanne Siracuse tells NBC News about her mother, who received $1,200 despite...

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