Tag: Stimulus

New proposal aims to break deadlock holding up your next stimulus check. Here are the details.

Stimulus checks of $1,200 per taxpayer. Extra unemployment payments of at least $450 a week. Aid to state and local governments earmarked for coping with the coronavirus.

The Problem Solvers Caucus, a bipartisan group of 50 moderate House members from both parties, offered their own proposals Tuesday in an effort to restart negotiations on new stimulus legislation.

“With so many people suffering, it’s time for pragmatic solutions, and that’s what this bipartisan roadmap is all about,” said New Jersey Rep. Josh Gottheimer, D-5th Dist., who co-chairs the Problem Solvers Caucus. “We hope it will help the negotiators recognize that there is hope for real bipartisan progress.”

House Democratic chairs, including Energy and Commerce Committee head Frank Pallone Jr., D-6th Dist, quickly rejected the proposal, saying it “falls short of what is needed to save lives and boost the economy.”

“When it comes to bolstering the public health system, supporting state

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4 Reasons To Be Optimistic About The New Bipartisan Stimulus Plan

On Tuesday, a group of bipartisan Congressional lawmakers released a proposed coronavirus stimulus plan. While the plan doesn’t fulfill every demand of both sides, it nonetheless provides a significant reason for optimism by everyone looking to break the political logjam in Washington.

The $1.5 trillion plan, released by the 50-member Problem Solvers Caucus, addresses most of the key sticking points that have stymied a new stimulus bill from being passed. The caucus, which is made up of equal numbers of Republicans and Democrats, has worked together for six weeks in an effort to break the stimulus impasse. The lack of a new stimulus bill has created significant financial gaps for the millions of American still suffering from the painful economic impact of the pandemic.

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Direct $1,200 checks to Americans, boosts to small business loans in new $1.5 trillion stimulus bill

A few dozen centrist lawmakers rankled by the collapsed COVID-19 stimulus talks and lack of relief to Americans will try to prod Democratic and Republican leaders and the Trump administration back to the negotiating table with a new $1.5 trillion package.

One of the most popular and bipartisan-backed provisions in previous packages, direct checks of at least $1,200 to American taxpayers, is included in the new plan from the 50 members of the House Problem Solvers Caucus, The New York Times reported Tuesday.

For more on previous proposals including stimulus checks, read here.

The Problem Solvers’ offering comes a week after the latest $500 billion GOP plan was blocked by Senate Democrats, who derided the package as inadequate in the wake of an unprecedented public health and economic crisis. It also follows a series of stalled talks and false starts since the spring as Democratic and Republican proposals have

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Second $1,200 Stimulus Check Included in Proposal From Centrist Lawmakers to Break Stalemate Between GOP, Democrats



a close up of a document: US President Donald Trump signs executive orders extending coronavirus economic relief, during a news conference in Bedminster, New Jersey, on August 8, 2020. Bipartisan lawmakers offered another round of $1200 stimulus checks in their new coronavirus relief pacakge.


© Jim Watson/AFP
US President Donald Trump signs executive orders extending coronavirus economic relief, during a news conference in Bedminster, New Jersey, on August 8, 2020. Bipartisan lawmakers offered another round of $1200 stimulus checks in their new coronavirus relief pacakge.

A bipartisan group of about 50 centrist Democrats and Republicans lawmakers are proposing a second round of $1,200 stimulus checks, with an additional $500 per child, in a new bill.

The Problem Solvers Caucus offered its own coronavirus relief bill on Tuesday as negotiations between House Speaker Nancy Pelosi and the White House continue to stall, leaving millions of Americans with no federal funding as the coronavirus pandemic continues.

The group, led by Representatives Democrat Josh Gottheimer of New Jersey and Republican Tom Reed of New York, is proposing a $1.52 trillion package, almost a trillion less than Pelosi’s latest demands but significantly more than the GOP’s bill that

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Bipartisan Group Tries To Break Up Stimulus Logjam With $1.5T Proposal

Lawmakers calling themselves the House Problem Solvers Caucus float a recovery package aimed at pushing Democratic leaders and White House officials to resume negotiations on a coronavirus relief economic relief package.


Politico:
Frustrated Lawmakers Draft Their Own Pandemic Aid Package 


A bipartisan group of House lawmakers on Tuesday will put forward their own plan to deliver badly needed coronavirus relief amid a bitter stalemate between their party leaders. The House Problem Solvers Caucus has assembled a roughly $2 trillion plan that includes a second round of stimulus checks, unemployment aid and small business loans that they say would last through at least next spring. Lawmakers involved described it as a final attempt to pry loose some kind of bipartisan relief deal before Congress leaves Washington for the election season, with the U.S. economy sputtering and millions still out of work. (Ferris, 9/15)

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Mastercard and PFS partner Jersey on card-based stimulus scheme


Mastercard and PFS (a company of EML) have partnered with the Government of Jersey to develop the World’s first card-based stimulus scheme.

From today onwards, all eligible citizens in Jersey will be posted their own £100 PFS and Mastercard powered Spend Local Card that they can use in businesses across the island until midnight on October 31st, 2020. After that date, cardholders are being advised to retain their prepaid card in the event of a top-up type payment in the future. This forms part of the government’s overall £150 million fiscal stimulus package to help alleviate the economic hardship caused by the pandemic.

Kelly Devine, Division President, Mastercard UK & Ireland commented: “The Covid-19 outbreak has had a real impact on businesses, and Governments around the world are looking for ways to stimulate their economies. This innovative solution offers a real alternative to stimulus packages delivered through local

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The market’s ‘badly in need’ of a stimulus package

CNBC’s Jim Cramer on Friday took a look at the week ahead for Wall Street and gave his thoughts on the newsiest events marked on his calendar.

“I know it’s not a huge news week, but this market’s badly in need of another stimulus package,” the “Mad Money” host said. “I think the next move hinges on whether or not Congress can get its act together to pass something, an event the market needs to break out of its doldrums.”

The comments come after the stock market toiled through a mixed day of trading to close out one of the most volatile weeks for stocks in months.

The Nasdaq Composite was the only major index to fall during the session, slipping 0.6% to 10,853.54 at the close as Big Tech stocks continued to decline from record highs.

The S&P 500 inched up just 0.05% to 3,340.97, and the 30-stock Dow

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Kudlow Says Stimulus Would Have Been ‘Great Start,’ Tells Democrats You Can’t Have ‘Everything’

White House economic adviser Larry Kudlow doesn’t understand why Democrats didn’t support the GOP-backed economic relief plan, saying it could have been a great starting point for helping Americans in need.



Lawrence Kudlow wearing a suit and tie: Director of the National Economic Council Larry Kudlow speaks to reporters outside the West Wing of the White House on September 2, in Washington, D.C. On Friday, Kudlow said the Republican-backed stimulus bill would have been a "great start" and criticized Democrats for blocking it in the Senate on Thursday.


© Olivier Douliery/AFP/Getty
Director of the National Economic Council Larry Kudlow speaks to reporters outside the West Wing of the White House on September 2, in Washington, D.C. On Friday, Kudlow said the Republican-backed stimulus bill would have been a “great start” and criticized Democrats for blocking it in the Senate on Thursday.

Kudlow told reporters outside the White House that he gave “kudos” to the “unified GOP” in the Senate for voting in favor of a bill that would have helped the economy. The bill, which was a slimmed-down version of the Republicans’ July proposal, was defeated in the Senate by eight votes, with every Democrat voting against it.

Kudlow said that “$500 billion, it would be

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While America Waits For A Second Stimulus Check, Here Are 12 Ways To Make $1,200 Fast

Many Americans are anxiously awaiting a second round of stimulus checks as they struggle to make ends meet. When the CARES Act was passed in March, individuals were eligible for up to $1,200 each in stimulus payments or up to $2,400 per married couple filing jointly. The average payment came out to $1,809, according to IRS data.

For months now, there has been no question that more stimulus checks are very much needed, but there has been great uncertainty about whether they’ll become a part of the next coronavirus economic relief bill. President Donald Trump recently suggested that Congress send more stimulus checks using $300 billion in remaining Covid relief funds, but whether this will actually happen remains unknown.

As you wait to hear more updates on stimulus checks, you can hang tight… or you can take a proactive approach to getting more money in your pocket sooner rather

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Senate fails to move ahead with $500 billion GOP stimulus plan

  • The Republican-held Senate failed to move ahead with the GOP’s $500 billion stimulus plan in a 52-47 vote.
  • Fifty-one Democrats unanimously voted to oppose the plan, along with Republican Sen. Rand Paul who criticized the need for more federal spending.
  • The Republican stimulus plan would extend unemployment benefits and inject additional aid to small businesses, but it omits direct payments to individuals.
  • The path ahead on a coronavirus relief bill is unclear with prospects of new legislation dimming until after the November election.
  • Visit Business Insider’s homepage for more stories.

The Senate failed to move forward on a scaled-down stimulus Thursday, further dimming the prospects of Congress passing another coronavirus relief bill ahead of the November elections.

Every Democratic senator opposed the bill in a 52-47 procedural vote. Every Republican senator voted to support it except Kentucky Sen. Rand Paul, who objected to additional federal spending.

Sen. Doug Jones of

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