That’s a doozy: the bill totaled 5,593 pages (!)
THE SHORT VERSION OF WHAT’S IN THE BILL:
The gist of the coronavirus relief aid: “The coronavirus relief portion of the bill doesn’t include the biggest priorities for Republicans and Democrats liability protections and more money for state and local governments, respectively. But it does include $284 billion for another round of small business aid … a $300-per-week federal unemployment boost for 11 weeks, a round of $600 stimulus checks for those making up to $75,000, more money for schools and hospitals, and an extension of an eviction moratorium.”
The gist of the government funding: “The government funding portion includes $1.375 billion for 56 miles for Trump’s border wall, $5 million to create a database to track police misconduct, $153 million for programs to improve community relations with police, and a 3 percent pay raise for the military and a 1 percent pay raise for the civilian federal workf
XE Market Analysis: Europe - Dec 22, 2020
The dollar has traded moderately firmer, though has remained off highs seen during yesterday s whippy price action. The combo of market-jolting news and thin year-end markets exacerbated the strong up-then-down price action that the dollar experienced yesterday, with the currency having now settled at moderately firmer levels. The dollar bloc and other cyclical currencies have been back in the underperforming lane today, though have remained above the lows they saw against the dollar and yen yesterday. The pound has managed to stabilize. News late yesterday that the EU had softened its demands on fishing rights (now asking for a five-year transition period, down from 10) has swung the odds back in favour of a deal being made head of next Friday s deadline. EU chief negotiator Barnier said that both the EU and UK must have the right to set their own laws and control their own waters, which reinforces other reports that a landing zone for a de
Kathleen Ronayne
Associated Press
SACRAMENTO, Calif. California Gov. Gavin Newsom selected Secretary of State Alex Padilla on Tuesday as the state s next U.S. senator, a historic pick that sends a Latino to the Senate for the first time in the state s history.
While Padilla had been the favorite, a video released by Newsom s office shows him getting emotional after Newsom offered him the job, reflecting on the hard work of his parents, who came to the United States from Mexico and worked as a cook and a housekeeper.
“It s a hell of an important perspective to bring to Washington, he told Newsom.
XE Market Analysis: North America - Dec 22, 2020
The dollar has traded moderately firmer, and the pound has drifted lower, though the U.S. currency has remained comfortably below its Monday highs while the UK currency has remained well off the lows it saw yesterday. News that the EU has rejected the UK s latest offer on fishing (which was a 35% reduction in the EU s fishing quota from UK waters following a five-year transition period) weighed on the pound. Brussels is reportedly demanding only a 25% quota reduction. We continue to expect that a deal will materialise before the looming year-end deadline, given the win-win versus lose-lose stakes, and given that intense discussions are continuing, along with reports from sources close to the negotiating teams that a landing zone for an accord is visible. Another consideration that has come to light is that EU law does not stipulate that ratification by Parliament is imperative and that an agreed deal could be applied provisionally (as
“I have to believe that, at some point, reality will set in and that everyone will understand that we need to govern, that the people of our country rely on our government to work and function in a way that Congress works with the executive branch and the White House to solve their problems,” Harris replied. “And that s how we re going to be focused. That s where we re going to focus.”
“I have to believe that at some point that reality will set in and that everyone will understand that we need to govern.”@KamalaHarris on Trump and members of the GOP s refusal to concede in the 2020 election. #theriedoutpic.twitter.com/zoBS87bbl1