Congress is moving toward a showdown over federal unemployment benefits, with millions of Americans in the balance. As part of the March $ 2.2 trillion coronavirus bill, Congress agreed to a $ 600 per week increase in unemployment benefits, but they will begin to expire in a matter of days. …
Read More »“We want a stable dollar,” says US Treasury Secretary Mnuchin: “It is the world’s reserve currency and we are going to protect that.”
Treasury Secretary Steven Mnuchin says the Trump administration’s goal is a stable US dollar, while, separately, he notes that some foam is seeping into the stock market that has risen from its coronavirus lows to end of march. “ “Clearly there are some individual stocks, I’m not going to mention …
Read More »Poll shows McConnell under pressure at home over upcoming coronavirus bill
A new poll by Democratic-biased public policy polls shows the Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellGOP points to Trump’s payroll tax cut on Republican coronavirus bill: for now, the White House, Senate Republican standoff over testing funds The Senate confirms that Vought will be the OMB director of …
Read More »CARES law enforcement officers question Treasury about national security loan to trucking company
The congressional coronavirus response oversight panel questioned Monday why the Treasury Department loaned $ 700 million to a cash-strapped shipping company in an effort to protect national security. In a report released Monday, the Congressional Oversight Commission tasked with monitoring trillions of dollars in emergency aid said it would further …
Read More »Mnuchin: most affected companies should be able to get a second PPP payment
treasury secretary Steven MnuchinSteven Terner MnuchinOn The Money: Enhanced unemployment insurance likely to expire during COVID-19 aid talks | Trump says he will not issue national mask mandate | Mnuchin: Most affected companies should be able to get a second PPP payment The travel industry demands specific relief amid a …
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