President Donald Trump signed a $2 trillion coronavirus stimulus bill Friday just hours after it passed in the House, making law out of a package that will send billions of dollars directly to Americans and provide hundreds of billions more for businesses, health care systems and others impacted by the pandemic that has crippled the economy.
Treasury Secretary Steven Mnuchin signaled on Thursday that the federal government could take stakes in airlines in exchange for the billions of dollars that have been set aside for the beleaguered industry in Congress’s $2 trillion coronavirus stimulus package.
The U.S. Senate’s unanimous passage of an estimated $2.2 trillion coronavirus relief bill sent the unprecedented economic rescue legislation to the House of Representatives, whose leaders hope to pass it on Friday.
As the markets continue to drop and the U.S. looks to Congress for agreement on a massive stimulus package to save the economy from impacts of the coronavirus pandemic, the newest offer by House Democrats includes a very forward-looking kind of stimulus: the creation of a ‘digital dollar’ and the establishment of ‘digital dollar wallets.’ In what will send shock waves through the cryptocurrency and blockchain industry, particularly for those following central bank digital currencies around the world, this signals the U.S. is serious in establishing infrastructure for a central bank digital currency.
Many provisions in the failed Senate bill touted as an essential aid to help those on the front lines battling the coronavirus includes a litany of pork barrel spending that is totally unrelated to emergency relief for the virus, critics contend.
Talks between Democrats and Republicans for a massive funding package to combat the impact of coronavirus have stalled, as lawmakers spar over issues like worker protections and funding for states battling the crisis.
Saying that ‘in a sense’ he is ‘a wartime president,’ President Donald Trump wants Congress to approve $500 billion in new spending to send money directly to American households reeling from the ongoing coronavirus pandemic.
Nonfarm payrolls increased by 273,000 in February, surpassing economists’ 175,000 estimate. Unemployment also slightly dropped to 3.5 percent, matching its lowest level in more than 50 years, according to the latest report by the U.S. Department of Labor.
The U.S. Navy has deployed a warship armed with its first laser weapon defense system capable of blinding and distracting enemy drones.
A 20-mile section of new border wall built near El Paso, Texas, cut illegal crossings by more than 80%, the government’s top border official told Congress on Thursday.
The White House on Monday sent lawmakers an urgent $2.5 billion plan to address the deadly coronavirus outbreak, whose rapid spread and threat to the global economy rocked financial markets.
U.S. Senate Republicans on Tuesday reacted skeptically to the Trump administration’s request to continue a controversial but inactive domestic surveillance program that collects data on U.S. phone calls and text messages.
The White House says President Trump isn’t ‘bothered’ or deterred after Attorney General Bill Barr told ABC News on Thursday that the president’s tweets ‘make it impossible for me to do my job,’ in an unusual swipe at the president — although Barr emphasized that Trump ‘has never asked me to do anything in a criminal case.’
In a bid to revive the Equal Rights Amendment, the House has approved a measure removing a 1982 deadline for state ratification and reopening the process to amend the Constitution to prohibit discrimination based on sex.
The Senate voted 51-45 on Wednesday to pass a War Powers resolution aimed at curtailing President Trump’s ability to wage war against Iran, with eight Republicans voting with the Democrat-led measure in a bipartisan —but likely symbolic — check against the White House.
U.S. lawmakers are poised to revive the debate over ground rules for a potential conflict with Iran, more than five weeks after President Donald Trump ordered the airstrike that killed Iranian general Qassem Suleimani.
Iran is not ‘complying at all’ with the landmark nuclear deal and continues to prevent international nuclear inspectors from accessing key sites suspected of housing the regime’s sensitive atomic weapons program, according to the chair of the Senate Foreign Relations Committee.
President Donald Trump’s $4.8 trillion budget proposal presented to Congress today boosts funds for the military and veterans and implements mandatory reforms for all agencies in an attempt to cut the deficit by $4.6 trillion over the next decade.
The House is poised this week to pass a measure that would revive the long-dead Equal Rights Amendment by repealing the 1982 deadline imposed on states to ratify it.
FBI Director Christopher Wray agreed that the Justice Department and the FBI illegally surveilled Carter Page when they used British ex-spy Christopher Steele’s unverified dossier to obtain four Foreign Intelligence Surveillance Act warrants against the Trump campaign associate.