Restaurant relief: $25 billion grant program will go in COVID-19 bill
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WASHINGTON, DC - FEBRUARY 2: Senate Majority Leader Chuck Schumer (D-NY) attends a press conference after a meeting with Senate Democrats at the U.S. Capitol on February 2, 2021 in Washington, DC. (Photo by Drew Angerer/Getty Images)Drew Angerer/Getty
WASHINGTON Senate Majority Leader Charles E. Schumer s plan for $25 billion in grants for struggling restaurants will be included in the COVID-19 relief bill that Congress is preparing to pass in the next few weeks. Restaurants and bars, like our arts venues, are the places that suffered the most because when people can t go out, they don t go to restaurants, Schumer, D-N.Y., told the Capital Region Chamber of Commerce on Friday. They need special help, not just the small business help. . It s one of my very highest priorities.
$25 billion restaurant relief program will go in federal Covid bill
Updated Feb 03, 2021;
By Emilie Munson | Times Union, Albany
Washington Senate Majority Leader Charles E. Schumer’s plan for $25 billion in grants for struggling restaurants will be included in the Covid-19 relief bill that Congress is preparing to pass in the next few weeks.
“Restaurants and bars, like our arts venues, are the places that suffered the most because when people can’t go out, they don’t go to restaurants,” Schumer, D- N.Y., told the Capital Region Chamber of Commerce on Friday. “They need special help, not just the small business help. . It’s one of my very highest priorities.”
COVID relief bill to include $25 billion in grants for restaurants
Updated Feb 03, 2021;
By Emilie Munson | Times Union, Albany
Washington Senate Majority Leader Charles E. Schumer’s plan for $25 billion in grants for struggling restaurants will be included in the Covid-19 relief bill that Congress is preparing to pass in the next few weeks.
“Restaurants and bars, like our arts venues, are the places that suffered the most because when people can’t go out, they don’t go to restaurants,” Schumer, D- N.Y., told the Capital Region Chamber of Commerce on Friday. “They need special help, not just the small business help. . It’s one of my very highest priorities.”
Treasury Secretary Janet Yellen plans to meet with top federal financial agencies to discuss and evaluate the Democratic administration’s response to Redditors’ ongoing hedge fund shorting game using GameStop and other infamously unpopular stock.
In the meeting scheduled for as early as Thursday, the former chair of the Federal Reserve hopes to collaborate with the Securities and Exchange Commission, Federal Reserve, the New York Federal Reserve, and the Commodity Futures Trading Commission to assess potential actions to combat the stock frenzy that occurred over the last week as well as potential surges in precious metal prices.
“Secretary Yellen believes the integrity of markets is important and has asked for a discussion of recent volatility in financial markets and whether recent activities are consistent with investor protection and fair and efficient markets,” the department said in a statement.