“The president is going to make sure that he uses his authority to do whatever he can to help small businesses, but there are limitations,”…
Senate Democrats Block Coronavirus Stimulus Package…
Every Senate Democrat just voted against hundreds of billions of dollars of COVID-19 relief. They blocked money for schools, testing, vaccines, unemployment insurance, and the Paycheck Protection Program. Their goal is clear: No help for American families before the election…
McConnell: Dems Won’t Allow ‘a Penny’ in Stimulus ‘Unless Texas and Florida Bail Out New Jersey’…
Senate Majority Leader Mitch McConnell argued on Monday that Democratic leaders view the coronavirus pandemic as a political “opportunity” to “bail out” states such as New Jersey, adding that Republicans are willing to support another coronavirus stimulus plan that includes funding for other areas.
McConnell said the Senate GOP’s coronavirus relief package “focused on kids, jobs, healthcare, and legal protections to help our country reopen,” as well as another round of direct stimulus payments.
“I’d hoped the Senate would be spending this week turning a major agreement into law, but sadly for the country, sadly for struggling Americans, the Speaker of the House of Representatives and the Senate Democratic leader decided we would not deliver any of that,” McConnell said during a speech on the Senate floor.
“They stayed true to their comments from very early on in the pandemic,” he added. “This is the way they looked at it. They saw this pandemic as, quote, ‘a tremendous opportunity to restructure things to fit our vision.’ That was the House Democratic Whip. Speaker Pelosi herself put it this way: ‘This is an opportunity. Every crisis is.’ Working families call this pandemic a crisis. They call it a nightmare, but leading Democrats call it an opportunity.”
McConnell described the $1 trillion state and local funding that House Democrats passed in the HEROES Act as one of the major disagreements in the stimulus negotiations with the White House…
Treasury and SBA Release Detailed Paycheck Protection Data…
Together with the Treasury Department, the U.S. Small Business Administration (SBA) revealed detailed information Monday regarding the 4.9 million loans made to businesses across the United States during the CCP virus crisis as part of the Paycheck Protection Program (PPP). As of June 30, the PPP has seen over $521 billion lent through almost 4.9 […]
Stimulus Bill Allows Federal Reserve to Conduct Meetings in Secret; Gives Fed $454 Billion Slush Fund for Wall Street Bailouts…
The U.S. Senate voted 96-0 late yesterday on a massive bailout of Wall Street banks versus a short-term survival plan for American workers thrown out of their jobs – and potentially their homes. The text of the final bill was breathtaking in the breadth of new powers it bestowed on the Federal Reserve, including the […]
Senate Passes $2 Trillion Coronavirus Stimulus Bill…
The Senate passed the largest rescue package in modern history on Wednesday to alleviate economic pressure caused by the novel coronavirus, which has killed more than 1,000 people in the U.S. and over 21,000 people globally. Why it matters: The roughly $2 trillion COVID-19 relief package includes thousands of dollars in direct payments to most […]
Senate Coronavirus Stimulus Package (PDF)…
Small Business Pleads for a Coronavirus Lifeline: Next 45 Days ‘Gonna Be Ugly’…
The 30 million small businesses that have been a key engine of America’s recent economic growth are in dire need of a taxpayer lifeline to weather the pandemic and return to vibrancy, a key trade group warns. “The next 45 days, it’s gonna be ugly,” said Alfredo Ortiz, the CEO of the Job Creators Network […]
Hell for Small Business (AUDIO)…
Dow Posts 2,112 Point Gain Biggest Ever…
U.S. equity markets registered the strongest one-day rebound in history on Tuesday amid investor optimism that members of Congress will overcome their differences to reach a deal on a nearly $2 trillion COVID-19 stimulus package. In the final hour of trading, gains picked up steam giving the Dow Jones Industrial Average a 2,112 point gain, […]