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Trump rubber-stamps revised COVID-19 stimulus package, reopening talks: Larry Kudlow

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After postponing negotiations on Tuesday for a second COVID-19 economic stimulus package until after the election, President Donald Trump has decided to reopen them, proposing a new $1.8 trillion plan, the Wall Street Journal reports exclusively.

Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi (D-Calif.) are expected to deliberate on the White House’s new proposal at their Friday meeting, according to the Journal‘s piece.

The first stimulus package was passed back in the spring and talks surrounding a second one have been stalled for months over the price tag and key policy differences.

Last week, House Democrats passed a slimmed-down $2.2 trillion version of their own proposal last week. President Trump and Senate Republicans, however, rejected it predominantly for its cost, for protecting undocumented workers who meet specific criteria from deportation, and—according to the president—for supposedly bailing out “poorly run, high crime, Democrat States.”

Furthermore, President Trump on Friday confirmed the revived negotiations in a tweet, saying, “Covid Relief Negotiations are moving along. Go Big!”

https://twitter.com/realDonaldTrump/status/1314593632733847552

And his economic advisor, Larry Kudlow, also told Fox Business‘ Stuart Varney on Friday that the president “would like to do a deal” and has rubber-stamped a new coronavirus economic relief package to aid millions of American workers who remain unemployed.

Although the economy has been sluggishly rebounding since March, 12.6 million Americans remain unemployed, according to the U.S. Department of Labor and Bureau of Labor Statistics. This bounce-back followed the initial layoffs and furloughs at the start of the pandemic while, on the public health front, the U.S. death toll continues to surpass 210,000.

You can follow Douglas Braff on Twitter @Douglas_P_Braff.

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TX Federal Judge takes ‘extraordinary’ step to ‘fast track’ ruling on Biden’s student loan forgiveness, forego trial

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Just The News reported on an “extraordinary move” by one Texas judge who is prepared to cancel President Biden’s student loan debt forgiveness payments.

U.S. District Judge Mark T. Pittman, a Trump appointee, says he is ready to decide the merits of Biden’s plan and skip the preliminary injunction and customary trial.

“U.S. District Judge Mark T. Pittman had been holding a hearing on a request from the small business group Job Creators Network’s legal arm on behalf of two plaintiffs to issue a preliminary injunction blocking Biden from enacting the debt relief until the legality of his executive order was decided” Just The News reports.

However, Pittman declared “in a five-sentence, one-page order that the government and plaintiff lawyers had made all the necessary arguments and that a trial would not elicit further evidence so he is ready to move to a judgement on the merits of the case.”

“Having held a hearing on Plaintiffs’ Motion for Preliminary Injunction and reviewed the related briefing, the Court intends to consolidate as it appears that the Parties have presented their case and no evidence of significance would be forthcoming at trial,” wrote Pittman.

Pittman said he was prepared to advance the preliminary objection request “to a determination on the merits” and gave the Justice Department and plaintiff lawyers until Friday to file any objections to his plan.

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