President Trump blocks COVID-19 stimulus bill
President Trump took to Twitter during his quarantine to confirm he is intentionally shutting down talks over the second stimulus checks and unemployment insurance. Trump confirmed that he is delaying the preelection relief bill and is trying to convince Congress to confirm his Supreme Court nominee.
At the end of July, the last coronavirus (COVID-19) aid bill expired and ended federal unemployment benefits that millions of Americans relied on during the pandemic. President Trump disclosed that he is directing his staff to cease negotiations until after the election.
Trump is also instructing the Senate to confirm his Supreme Court nominee, Amy Coney Barrett. Treasury Secretary Steve Mnuchin and House Speaker Nancy Pelosi were scheduled to meet with President Trump for negotiations but Pelosi’s spokesman, Drew Hammill, confirmed that Trump walked away from the negotiation meeting.
Following this announcement, the stock market took a hit with the Dow Jones Industrial Average dropping 240 points while President Trump is using the markets as a platform for his reelection campaign. President Trump also promised that he will pass the Stimulus Bill after the election to help “hardworking American and Small Businesses.”
The proposed aid package would have covered funding for the second round of stimulus checks for $1,200 for individuals, money for COVID-19 testing, better unemployment benefits, aid for the airline industry, and billions in assistance funding for small businesses. Though this seemed nearly impossible to pass before the election, President Trump has confirmed it’s probably not going to happen.
-
The Office for National Statistics (ONS) released official figures on Wednesday, revealing that the United Kingdom posted a record...
-
As scrutiny intensifies, Fujitsu faces repercussions for its role in the Post Office scandal. The UK government has issued...
-
Tech Billionaire Proposes Renaming Wikipedia to ‘Dickipedia’ in Exchange for Record Donation In a recent social media spectacle, tech...
-
Urgent IMF Deal Needed to Prevent Pakistan’s Economic Collapse, Bloomberg Warns Bloomberg, a renowned US-based financial news service, has...
-
Federal student loan borrowers are in a tough situation as the pause on loan payments, implemented during the pandemic,...
-
Silicon Valley Bank’s Acquisition Fallout: Rising Unemployment and Uncertain Future First Citizens BancShares Inc., the new Silicon Valley Bank...
-
President Joe Biden and House Speaker Kevin McCarthy engaged in crucial negotiations on Monday to address the US government’s...
-
Secure your financial future with the 50/30/20 rule! As the cost of living continues to increase in 2023, managing...
-
Common treatments and medicines are becoming more expensive and harder to get. According to a new report released this...
-
A California appeals court overturned the challenge to Proposition 22. Back in 2020, California voters passed Proposition 22, which...
-
Tesla is looking to spark interest in its most expensive models. In the last several months, prominent electric vehicle...
-
Prices dropped in Venezuela, Indonesia, Ecuador, Thailand, and more. Netflix has recently been feeling a major financial squeeze as...