Tag: trillion

House Democrats Release New $2.2 Trillion U.S. Stimulus Proposal

(Bloomberg) — House Democrats released a $2.2 trillion proposal to extend support to the U.S. economy in face of the continuing damage from the coronavirus pandemic.



an old stone building: The U.S. Capitol building stands in Washington, D.C., U.S., on Monday, Sept. 14, 2020. Speaker Nancy Pelosi welcomes the House back today, but that's unlikely to give fresh impetus to the Covid-19 relief funding discussions with Republicans and Democrats both testing a risky strategy that the public will blame the other side for failing to deliver help to millions of households and companies.


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The U.S. Capitol building stands in Washington, D.C., U.S., on Monday, Sept. 14, 2020. Speaker Nancy Pelosi welcomes the House back today, but that’s unlikely to give fresh impetus to the Covid-19 relief funding discussions with Republicans and Democrats both testing a risky strategy that the public will blame the other side for failing to deliver help to millions of households and companies.

The plan follows through on discussions last week to prompt a last-ditch attempt at negotiations with the White House to break an impasse on Covid-19 relief that’s lasted since early August.

The White House and congressional Republicans have previously rejected that level of stimulus.

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©2020 Bloomberg L.P.

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US Democrats come down to $2.2 trillion in new Covid proposal

US Democrats unveiled a $2.2 trillion relief bill Monday to help millions of Americans gutted by the coronavirus pandemic, trimming more than $1 trillion off their earlier version hoping to reach agreement with Republicans after months of stagnation.

In a deeply polarized Congress, the chances of reaching an agreement ahead of the November 3 election have sharply diminished in the past several weeks.

But the top Democrat in Washington, House Speaker Nancy Pelosi, and Trump’s Treasury Secretary Steven Mnuchin, were poised for a fresh round of negotiations.

The pair spoke briefly by telephone Monday evening “after House Democrats introduced an updated version of the Heroes Act,” Pelosi spokesman Drew Hamill said on Twitter. “The two agreed to speak again tomorrow morning.”

The new plan “provides the absolutely needed resources to protect lives, livelihoods and the life of our democracy over the coming months,” Pelosi told her Democratic caucus in a

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The $12 Trillion “Once-in-a-Lifetime” Market Opportunity Investors Won’t Want to Miss

Investors dream of finding that one home-run opportunity that can turn their little nest egg into a massive fortune. We’ve all heard the stories of those who bought a few shares of a little-known tech start-up that went on to grow into a household name, turning their early investors into multi-millionaires. We’d love for that to be our story someday.

You might just have your chance, according to a report by venerable Wall Street bank Goldman Sachs. Its analysts see a potentially game-changing opportunity beginning to emerge in green hydrogen, which could be a nearly $12 trillion addressable market by 2050. Given that enormous potential, investors won’t want to miss out on what could be a massive wealth-building opportunity. 

Stacks of money with a arrow pointing up.

Image source: Getty Images.

What is green hydrogen?

Green hydrogen uses renewable energy to electrolyze water and separate the hydrogen atom from the two oxygen atoms. Hydrogen has many

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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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