Major labor unions on Wednesday urged Speaker Nancy Pelosi (D-Calif.) and incoming Senate Majority Leader Charles Schumer (D-N.Y.) to provide $1 trillion in emergency funding for states, cities, towns and schools.
Democrats Win the Senate. What Might Face Businesses?
Democrats Win the Senate. What Might Face Businesses?
Comments Off on Democrats Win the Senate. What Might Face Businesses?
ASHFIELD, MA With Democrats sewing up both of Georgia’s Senate seats and with them control of the upper chamber, the incoming Biden administration will have an easier path to passing the kind of tax, trade and labor bills that keep C-suites up at night. But a razor-slim majority is far from what a president needs for wide-ranging change. This could make some corporate executives breathe more easily, but leaders who have navigated companies through major government transitions know not to be complacent.
President-elect Joe Biden's proposal, to be unveiled on Thursday, is expected to include $2,000 stimulus payments, an extension of enhanced unemployment insurance, money for vaccine distribution and delivery, funding for cities, states, schools, child care and more.