The US will be forced to borrow $3 trillion as spending soars for Coronavirus stimulus and other economic responses. The staggering amount is five times greater than the previous quarterly record during the 2008 Great Recession. Read More…
The White House and Senate leaders struck a major deal early this morning over a $2-trillion stimulus package to jolt the U>S> economy after nearly half the country was shut down by the coronavirus pandemic. The bailout was described as one of the most expensive and far-reaching measures in the history of Congress. Read Story…
The White House and Democrats have reportedly reached last-minute agreement on a massive $2 trillion coronavirus stimulus bill. Read Story…
Another round of tax cuts and welfare for the rich will do nothing to remedy the suffering of Americans traumatized by the economic crash that followed the arrival of the coronavirus. Read Story…
Pres. Donald Trump declined to state whether any of his hotels or other businesses would accept bailout money in the event that a government assistance plan is adopted by Congress.. Read Story…
The U.S. Senate scrambled on Saturday scrambled to cobble together a deal on a $1 trillion-plus bill aimed at stemming the fallout from the coronavirus on workers, small businesses, and industries. Read Story…
Days after passing emergency legislation to fund research into mitigating and treating the COVID-19 virus that has plunged the U.S. economy into a deepening crisis, the Senate announced that it is negotiating an addition $1 Trillion aid package that will bail out various industries and put cash into the pockets of every American. Read Story…