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On The Money: Schumer vows Senate will take up 'bold' coronavirus bill, rejecting GOP offer | GOP senators, Biden send positive vibes after long WH meeting


The budget resolution includes instructions for crafting a $1.9 trillion coronavirus package, in line with the top-line figure proposed by President Biden. 
The decision to move forward with the reconciliation process comes as a group of 10 Senate Republicans will meet with Biden and Vice President Harris on coronavirus relief. The Hill’s Jordain Carney has more here.
Breaking down the Republican counteroffer: The Republican proposal totals $618 billion, according to details released by Collins s office on Monday morning. That is roughly a third of the $1.9 trillion plan proposed by Biden and backed by congressional Democrats.
The proposal includes $160 billion in pandemic response funding, including protective equipment and more money for vaccine distribution. It also extends the $300 per week federal unemployment benefit through June 30. ....

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Robinhood Is Expected to Be a Top IPO. Regulatory Actions Show the Hurdles Ahead.


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William Galvin, the Secretary of the Commonwealth of Massachusetts, speaking in 2019.
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Robinhood Markets, the no-commission online broker that has outpaced all of its more-established competitors in customer growth this year, is expected to go public next year. But its long-term success may depend on how it reacts to two regulatory actions this past week.
Boasting more than 13 million customers, Robinhood could be one of the top initial public offerings of 2021, valued at $20 billion or more.
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Robinhood Is Expected to Be a Top IPO in 2021. Recent Regulatory Actions Show the Hurdles Ahead. ....

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