The Republican coronavirus relief plan will extend the improved unemployment insurance “based on a wage replacement of about 70%,” Treasury Secretary Steven Mnuchin said Thursday. He spoke to CNBC about the status of the negotiations hours after Republicans in the Senate and the Trump administration said they reached a tentative …
Read More »
WASHINGTON – President Trump returned to the podium for another White House coronavirus briefing on Wednesday night, which appeared a second time without his health experts. Unlike his appearances at the peak of the COVID-19 pandemic that ended abruptly in April, Trump spoke for just 21 minutes and implored Americans …
Read More »
Republicans are considering extending the enhanced unemployment insurance benefit to a reduced level of $ 400 per month for the rest of the year, sources told CNBC. Congress approved a $ 600 a week, or $ 2,400 a month, increase in unemployment benefits in March to deal with a wave …
Read More »
House of Representatives minority leader Kevin McCarthy said he does not expect Congress to pass a new coronavirus relief bill by the end of July, meaning a key financial lifeline is likely to expire. “I imagine this bill will not take place in late July,” the California Republican told CNBC’s …
Read More »
President Trump said Monday coronavirus briefings they’re coming back, partly because they were so popular. “I was doing it and we had a lot of people watching, record numbers watching,” Trump said. But the president stopped holding them in late April, as polls showed they were hurting him politically. He …
Read More »