Time is running out for Democrats and Republicans to agree on the next stimulus package, as portions of the CARES Act are set to expire in less than two weeks. President Donald Trump is expected to meet with Senate Majority Leader Mitch McConnell (R-Kentucky), U.S....
Congressional Republican leaders say they will study the impact of the $2.2 trillion CARES Act before giving the green light to any new COVID-19 stimulus spending, Reuters reported. “We need to assess what we’ve already done, take a look at what worked and what didn’t...
The Republicans are in no hurry to do another COVID-19 bailout. On Tuesday (May 12), PYMNTS reported that House Speaker Nancy Pelosi proposed a $3 trillion spending package for more coronavirus aid. The 1,800-page measure provides more money for Americans impacted by the shutdown. But Republicans...
Democrats, evoking the country’s past with the financial turmoil of the Great Depression and the recovery with the New Deal, argue that much more financial aid could be needed for the long run of the pandemic. House Virginia Democrat Don Beyer said the threat of...
April 19, 2023
The political parties are reportedly divided over potential congressional action on stablecoin regulations. During a Wednesday (April 19) hearing in the House, Republicans favored reviving a bill that would regulate stablecoin issuers and give them access to Federal Reserve banking services, while Democrats expressed concern about encouraging stronger ties between crypto and the banking system, […]
July 20, 2020
Time is running out for Democrats and Republicans to agree on the next stimulus package, as portions of the CARES Act are set to expire in less than two weeks. ...
May 20, 2020
Congressional Republican leaders say they will study the impact of the $2.2 trillion CARES Act before giving the green light to any new COVID-19 stimulus spending, Reuters reported. “We need...
May 14, 2020
The Republicans are in no hurry to do another COVID-19 bailout. On Tuesday (May 12), PYMNTS reported that House Speaker Nancy Pelosi proposed a $3 trillion spending package for more...
