The U.S. House of Representatives Budget Committee on Monday approved legislation with $1.9 trillion in new coronavirus relief, advancing a top priority of President Joe Biden toward a full House vote on passage expected later this week.
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WASHINGTON (Reuters) - The United States faces a dark milestone this week despite a recent decline in COVID-19 cases as it prepares to mark a staggering half-million deaths, with President Joe Biden planning to memorialize the lives lost.
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While the number of COVID-19 cases fell for the fifth straight week and officials scrambled to inoculate the population, the nation was poised to reach 500,000 deaths from the highly infectious respiratory disease.
(Graphic: Where coronavirus cases are rising and falling in the United States - here)
It has been nearly a year since the pandemic upended the country with dueling public health and economic crises.
Thirty-five U.S. Capitol Police officers are being investigated for their actions during the Jan. 6 riot at the Capitol, and six have been suspended with pay, the police department said in a statement on Friday.
Hedge fund manager Gabriel Plotkin first bet against the future of GameStop Corp in 2014 when it traded around $40. But after a harrowing experience with short sellers in recent weeks, he's wary about holding big short positions again.
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WASHINGTON/BOSTON/NEW YORK (Reuters) - Tension, irate questions, people talking over one another, and a cat photo. Thursday’s five-plus hour U.S. congressional hearing on GameStop had all of that, as top hedge fund managers, the head of Robinhood, and Roaring Kitty himself answered a barrage of questions over who was at fault in January’s trading frenzy.
GameStop rose more than 1,000% during two weeks as retail traders using the Reddit platform encouraged each other to pile in, socking it to hedge fund managers who were short the stock - a bet GameStop would fall.
The trade deflated, however, after online brokerage Robinhood and several other brokers controversially restricted buying GameStop’s shares - leaving retail investors frustrated but capping the losses for the hedge funds.