Category: Economy

Joe Biden Calls for Second and Third CARES Act, Possibly More

Joe Biden Calls for Second and Third CARES Act, Possibly More

On Sunday former vice president Joe Biden, in an interview on ABC’s This Week, emphasized the importance of acting fast and taking measures to flatten the curve amid the pandemic. He also called for more iterations of the Coronavirus Aid, Relief and Economic Security (CARES) Act.
3M CEO: ‘Narrative That We Are Not Doing Everything To Maximize Respirators in Our Home Country Is False’

3M CEO: ‘Narrative That We Are Not Doing Everything To Maximize Respirators in Our Home Country Is False’

Despite fierce criticism from Donald Trump and others that the multinational 3M is not doing enough to produce critical medical supplies like N95 respirators, that's the furthest thing from the truth, according to the corporate giant's CEO, Mike Roman.
Gov. Cuomo: The 17,000 Ventilators N.Y. Ordered from China Were Never Delivered

Gov. Cuomo: The 17,000 Ventilators N.Y. Ordered from China Were Never Delivered

The Trump administration's approach of treating the federal government and all 50 state governments as independent purchasers of medical equipment needed to combat the outbreak of the novel coronavirus has caused New York to lose 17,000 ventilators it needs to support the large number of COVID-19 cases in the state, according to Gov. Andrew Cuomo.
Dr. Fauci: We Have a Serious Problem in NY, New Orleans, And More Yet to Come

Dr. Fauci: We Have a Serious Problem in NY, New Orleans, And More Yet to Come

The United States now has the most confirmed COVID-19 cases in the world, with over 120,000. The death toll has also doubled in two days, reaching 2,000 Saturday evening.
House Chairwoman Waters Outlines Need for Another Coronavirus Stimulus: Help for Renters, More Help for Small Business

House Chairwoman Waters Outlines Need for Another Coronavirus Stimulus: Help for Renters, More Help for Small Business

The chairwoman of the House Financial Services Committee said that she sees a need for an additional stimulus package to help with the economic fallout from the outbreak of the novel coronavirus and COVID-19 pandemic.
Gov. Cuomo Slams ‘Irresponsible’ and ‘Reckless’ Coronavirus Bill: ‘It Does Absolutely Nothing for Us in Terms of Lost Revenue’

Gov. Cuomo Slams ‘Irresponsible’ and ‘Reckless’ Coronavirus Bill: ‘It Does Absolutely Nothing for Us in Terms of Lost Revenue’

New York Gov. Andrew Cuomo (D) slammed the enormous $2 trillion economic stimulus package hashed out by Congress to stabilize the US economy from the impact of the battering from the effects of the novel coronavirus outbreak and COVID-19 pandemic, as inadequate.
Cuomo Says Some People Could Start Going Back to Work with a Modified Public Health Strategy

Cuomo Says Some People Could Start Going Back to Work with a Modified Public Health Strategy

New York Gov. Andrew Cuomo (D) announced Thursday that perhaps younger people and those who have already recovered from COVID-19 may be encouraged to get back to work as part of a "modified public health strategy."
Lawmakers Split Over Whether US Workers Deserve Support in Economic Stimulus

Lawmakers Split Over Whether US Workers Deserve Support in Economic Stimulus

Two leading senators, each a top name on his side of the political aisle, differ sharply over whether US workers have a right to the level of support coming to them in the massive, $2 trillion economic stimulus package nearing final approval in Congress to blunt the economic fallout from the novel coronavirus outbreak and COVID-19 pandemic.
Senators See Potential Need for Further Economic Stimulus After $2T Package

Senators See Potential Need for Further Economic Stimulus After $2T Package

The Senate approved an enormous $2 trillion economic stimulus package aimed at shoring up a US economy being battered by the impact of the ongoing coronavirus outbreak and COVID-19 pandemic, but at least two senators see the potential for a need for Congress to pass additional stimulus bills.
Opposition Strengthens to Trump’s Idea of Reopening US by Easter

Opposition Strengthens to Trump’s Idea of Reopening US by Easter

The pushback is increasing across the United States over Donald Trump's desire to lift the extreme lockdowns and social distancing that have been in place in an effort to stem the spread of the novel coronavirus outbreak and COVID-19 pandemic.