Schumer: ‘Biden Legally Has the Authority to Cancel up to $50K in Student Debt Through Executive Action’
President Biden has it within his executive power to erase up to $50,000 per borrower in student loan debt, according to Senate Majority Leader Chuck Schumer (D-NY), addressing the racial wealth gap during a virtual roundtable.
The US treasury secretary is proposing an international "minimum corporate tax," such that the United States and other nations potentially could raise taxes on corporations in their home countries without fear that those companies would then bolt overseas to another country with a more-favorable tax rate.
As they regroup following a parliamentary setback in the Senate, congressional Democrats say that they remain committed to passing into law an increase of the federal minimum wage to $15 an hour.
Senate Democrats should overrule Senate Parliamentarian Elizabeth MacDonough's decision that legislation to raise the federal minimum wage cannot be included as planned as part of President Biden's $1.9 trillion COVID relief package, according to a chorus from the left.
Democratic lawmakers in both House and Senate are looking to overcome opposition within their own ranks to push the federal minimum wage to $15 per hour.
W.H. Economic Adviser Kudlow: Not Getting Rid of Unemployment Stimulus in Phase 4, We Know There’s Hardship
After promising to kill it just last month, the top White House economic adviser is now reversing course and promising to extend a special $600 federal unemployment compensation benefit.
Gov. Cuomo: Since Trump Left Things to the States, We Need Financial Resources to Stabilize the States
Since Donald Trump has left the roadmap for moving forward with the outbreak of the novel coronavirus and the eventual lifting of the extreme lockdown and social distancing measures to the individual states, New York Gov Andrew Cuomo said his immediate concern is to stabilize the finances of the states.
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’
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.
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.