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Page 32 - செனட் சிறுபான்மை தலைவர் சார்லஸ் ஸ்குமர் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Sweeping COVID-19, spending deal hits speed bumps

“I want to get done by Friday night, but if we don t get done by Friday night, I don t want to shut down government. And if we need three or four more days, we re going to take as much time as is necessary to fund the government and as well as [bring] relief to those who have been savaged by COVID-19,” Hoyer told reporters.  He added, “Why this takes so long is because we procrastinate and we pretend just one more day and we’ll get a better deal. It’s frustrating.” ADVERTISEMENT Leadership is wading through a myriad of policy and political fights as they try to wrap up an agreement. 

Congress close to coronavirus deal that includes stimulus checks

Thune said he expects the package to provide $300 a week in supplemental federal unemployment assistance through March and confirmed that it would not include additional state and local aid funding. The senator said there could be language in the deal aimed at addressing concerns that people who receive both enhanced unemployment benefits and stimulus checks would be getting a double benefit. Tax experts said that it would be difficult for the IRS to administer a provision that prevents unemployment recipients from getting direct payments. Thune said the plan for the House to act on the combined COVID relief-omnibus spending package first and send it to the Senate to pass before the Friday night deadline.

On The Money: Congressional leaders to meet on government funding, COVID relief | Small businesses say worst of pandemic yet to come | Fed joins global network to fight climate change

Congress has until Friday night to pass another funding bill or the government will shut down.  As of Monday night there were still two sticking points for a funding deal: A push to include an agreement on surprise medical billing and wage requirements on public works deals.  LEADING THE DAY Small businesses say worst of pandemic yet to come: survey: A significant majority of small businesses say they think that the worst of the pandemic is yet to come, according to a survey by the Chamber of Commerce and MetLife. ADVERTISEMENT According to the survey, 62 percent of small business owners said they thought more difficult times were ahead, expressing concerns about the economy, the fate of their businesses, and their mental health.

Bipartisan Senate COVID-19 Package Should Do More to Combat COVID-19, Remove Wasteful Spending

Toggle open close The ongoing COVID-19 pandemic has caused dramatic damage across the world, both for those infected with the disease and those who have lost jobs, income, education, and physical and mental well-being during the shutdowns and restrictions. Elected officials have sought to address the public health crisis and mitigate the economic fallout of the disease. While the crisis does justify temporary federal activity aimed at providing relief for the emergency at hand, it is not a blank check for wasteful spending. The federal debt has increased by more than $4 trillion since January 1, 2020, and public debt now exceeds the gross domestic product for the first time since World War II.REF It is imperative for legislators to ensure that COVID-19 relief is targeted, timely, and temporary.REF

Buffett, Goldman Sachs CEO urge Congress extend PPP for small business

Buffett, Goldman Sachs CEO urge Congress extend PPP for small business Celine Castronuovo © Getty Images Buffett, Goldman Sachs CEO urge Congress extend PPP for small business Billionaire philanthropist Warren Buffett and Goldman Sachs CEO David Solomon on Tuesday urged Congress to extend the Paycheck Protection Program, with Buffett saying the country is fighting an economic war amid the coronavirus pandemic in which small businesses have become collateral damage. We need another injection to complete the job, Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., told CNBC s Squawk Box in a phone interview Tuesday. Congress is debating that right now, and I hope very much that they extend the PPP.

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