Congress Reaches Deal Securing $900-billion For Stimulus Relief Package

first_imgCutout James Palinsad / CC BY-SA 2.0 WASHINGTON – Congressional leaders are expected to vote Monday after announcing over the weekend that they have reached a sweeping $900-billion stimulus deal to help a struggling nation.Senate Majority Leader Mitch McConnell announced on the news on Sunday in a tweet.“As the American people continue battling the coronavirus this holiday season, they will not be on their own,” McConnell said in a tweet. “Congress has just reached an agreement. We will pass another rescue package ASAP. More help is on the way.”Propelling optimism on Sunday was a Saturday night agreement on the last major obstacle to a COVID-19 economic relief package, top negotiators agreed, yet Sunday was being spent ironing out a handful of issues. All sides said a Sunday agreement appeared very likely, but it quickly became clear that another stopgap funding bill would be needed to avert a partial government shutdown at midnight.“Barring a major mishap, the Senate and House will be able to vote on final legislation as early as tonight,” said Senate Minority Leader Chuck Schumer, D-N.Y.The Saturday night breakthrough involved a fight over Federal Reserve emergency powers that was resolved by Schumer and conservative Republican Pat Toomey of Pennsylvania.Aides to lawmakers in both parties said the compromise sparked a final round of negotiations.Lawmakers and aides had said it would likely require all of Sunday to finalize and draft the final agreement, which was already guaranteed to be the largest spending measure yet, combining COVID-19 relief with a $1.4 trillion omnibus spending bill and reams of other unrelated legislation on taxes, health, infrastructure and education.The virus relief measure was finally nearing passage amid a frightening spike in coronavirus cases and deaths and accumulating evidence that the economy was struggling.Late-breaking decisions would limit $300 per week bonus jobless benefits — one half the supplemental federal unemployment benefit provided under the CARES Act in March — to 10 weeks instead of 16 weeks as before.The direct $600 stimulus payment to most people would be half the March payment, subject to the same income limits in which an individual’s payment begins to phase out after $75,000.President Donald Trump was supportive, particularly of the push for providing more direct payments. “GET IT DONE,” he said in a late-night tweet.It would be the first significant legislative response to the pandemic since the $1.8 trillion CARES Act passed virtually unanimously.The COVID-19 legislation was held up by months of dysfunction, posturing and bad faith. But talks turned serious last week as lawmakers on both sides finally faced the deadline of acting before leaving Washington for Christmas.The measure was being added to a $1.4 trillion spending bill and combined with lots of other unfinished work, including previously stalled legislation to extend tax breaks, authorize water projects, and address the problem of surprise sky-high medical bills for out-of-network procedures.It would be virtually impossible for lawmakers to read and fully understand the sprawling legislation before a House vote. Senate action would follow.In the meantime, with a government shutdown deadline looming at midnight Sunday, lawmakers faced the reality of needing to enact another temporary spending bill — the second in as many days — to avert a shutdown of non-essential activities by federal agencies on Monday.They had not announced any plans, but such legislation quickly swept through on Friday to keep the government fully open another two days for weekend talks.Lawmakers had hoped to avoid that step, but progress slowed Saturday as Toomey pressed for the inclusion of a provision to close down Fed lending facilities.Democrats and the White House said it was too broadly worded and would have tied the hands of the incoming Biden administration, but Republicans rallied to Toomey’s position.The Fed’s emergency programs provided loans to small and mid-size businesses and bought state and local government bonds.Those bond purchases made it easier for those governments to borrow, at a time when their finances were under pressure from job losses and health costs stemming from the pandemic.Treasury Secretary Steven Mnuchin said last month that those programs, along with two that purchased corporate bonds, would close at the end of the year, prompting an initial objection by the Fed.Under the Dodd-Frank financial overhaul law passed after the Great Recession, the Fed can only set up emergency programs with the support of the treasury secretary.Toomey said those emergency powers were designed to stabilize capital markets at the height of the pandemic this spring and were expiring at the end of the month anyway.Democrats said that Toomey was trying to limit the Fed’s ability to boost the economy, just as Biden prepared to take office.The Associated Press contributed to this report. Share:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to email this to a friend (Opens in new window),$600 for NINE MONTHS of Shutdown…. Name one politician who didn’t receive a paycheck during this time….. And they think a payout of $600 of OUR tax money, given back to us is FAIR?,The 5,593 page budget-busting bill was posted online Monday afternoon, only hours before House Speaker Nancy Pelosi said a vote would be held.For some countries, Christmas came early: $169,739,000 to Vietnam, including $19 million to remediate dioxins (page 1476). Unspecified funds to “continue support for not-for-profit institutions of higher education in Kabul, Afghanistan that are accessible to both women and men in a coeducational environment” (page 1477). $198,323,000 to Bangladesh, including $23.5 million to support Burmese refugees and $23.3 million for “democracy programs” (page 1485). $130,265,000 to Nepal for “development and democracy programs” (page 1485). Pakistan: $15 million for “democracy programs” and $10 million for “gender programs” (page 1486). Sri Lanka: Up to $15 million “for the refurbishing of a high endurance cutter,” which is a type of patrol boat (page 1489). $505,925,000 to Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama to “address key factors that contribute to the migration of unaccompanied, undocumented minors to the United States” (pages 1490-1491). $461,375,000 to Colombia for programs related to counternarcotics and human rights (pages 1494-1496). $74.8 million to the “Caribbean Basin Security Initiative” (page 1498). $33 million “for democracy programs for Venezuela” (page 1498). Unspecified amount to Colombia, Peru, Ecuador, Curacao, and Trinidad and Tobago “for assistance for communities in countries supporting or otherwise impacted by refugees from Venezuela” (page 1499). $132,025,000 “for assistance for Georgia” (page 1499). $453 million “for assistance for Ukraine” (page 1500).,NO MONEY TO ANY OTHER COUNTRIES NOW.PERIOD !!!!!!!!!!WE NEED TO HELP OUR OWN PEOPLE AND OUR OWN “FAMILIES” IN OUR COUNTRY FIRST.OH YES, FORGET THE SMITHSONIAN, THE KENNEDY CENTER AND THE NATIONAL GALLERY OF ART. FUNDING SUSPENDED INDEFINTELY.NO MONEY FOR ILLEGAL IMMIGRANTS EITHER.NO MONEY TO COUNT AMBER JACK FISH IN THE GULF OF MEXICO. INSTEAD, LET’S COUNT THE NUMBER OF PEOPLE IN AMERICA THAT REALLY NEED OUR HELP.ASIAN CARP: NO MONEY TO COMBAT.GIVE OUT FISHING LICENSES FOR THEM INSTEAD.NO MONEY FOR CONSTRUCTION AT FBI EITHER.TERM LIMITS FOR ALL !!!!!!!!!!,Just another example of “we’ll see what’s in it once we pass it!” How absurd. And look at ALL the Pork for other countries while Americans starve and lose their homes without jobs. Members of congress should live by the same standards as other Americans. Maybe they would act more responsibly!,IMPOSE TERM LIMITS IMMEDIATELY !!!!!!!!!!,No wonder why the United States is going bankrupt while Americans are suffering job losses and evictions during the coronavirus pandemic and more individuals/families are becoming homeless while we fatten the bellies of the countries listed. Too bad that the majority of voting citizens will not be aware of those dole outs to these other countries.,NO MONEY FOR OTHER COUNTRIES !!!!!!!!!!last_img read more

Diversity & Inclusion – Why credit unions should care

first_imgDiversity & Inclusion (D&I) programs have been around for decades, and frankly have created a limited amount of true positive impact. Credit union leaders have been trained on understanding the importance of diversity, but the overall progress of women and minorities into top leadership roles in larger credit unions continues to be tepid.We know that gender-diverse and ethnically diverse companies are more likely to outperform their national industry median, but we’ve not systemically embraced D&I as a business imperative.As credit union CEO retirements occur over the next 10 years, there is a window of opportunity to reshape the face of our industry leadership. I believe the credit union industry is ready for a deeper level of discussion, focused on tangible solutions to building a more diverse and inclusive workplace. The credit union industry’s commitment to the Cooperative Principles uniquely positions credit unions to be known as an industry with a deep commitment to Diversity and Inclusion. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more

Two Arrested In Connection To North Vernon Death

first_imgJody Brooks (left) and JoVannie Mayes were arrested in connection to a death.NORTH VERNON, Ind. – Two people have been arrested in connection to the death of a man in North Vernon Friday afternoon.Authorities located a body, identified as Richard Smith, 52, behind an apartment complex on around 1 p.m.Later the same day, police arrested JoVonnie Antonio Mayes, 21, of Seymour, and Jody Michael Brooks, 22, of North Vernon.According to The Republic, the men were found in Harrison County in possession of a stolen truck.Investigators have not released a motive or how Smith died.Mayes and Brooks are behing held at the Jennings County Jail without bond on charges of murder, robbery and auto theft.last_img read more

Syracuse closes out regular season with 2-0 win at Penn State

first_img Published on February 25, 2017 at 4:56 pm Contact Jake: [email protected] Syracuse (15-12-5, 14-4-2 College Hockey America) closed out its regular season with a 2-0 win against Penn State (9-20-5, 8-10-2) Saturday afternoon in University Park. It’s the Orange’s fourth straight win to end the season.With less than a minute left in the first period, Savannah Rennie scored her ninth of the season  She has a goal in three of the last four games and recorded at least one point in the last four. Neither team scored in the second period.With 55 seconds left in the game, Emily Costales sealed the win for the Orange with an empty netter, assisted by Rennie and Allie Munroe. Syracuse won four games this season against Penn State by a combined total of 14-3.Senior Jessica Sibley did not play for the second consecutive game. Senior Heather Schwarz returned to the lineup and finished plus-one on the day. With the 14 save shutout, Abbey Miller extended the Syracuse record for shutouts in a season to eight.After earning a first-round bye, Syracuse will play as a No. 2 seed Friday night at Buffalo’s Harbor Center in the semifinals of the CHA Tournament. SU will face the highest remaining seed left from the two quarterfinal games played on Thursday.AdvertisementThis is placeholder text Comments Facebook Twitter Google+last_img read more

British Ambassador Will Mark the Start of 7th Sarajevo Sberbank Marathon

first_imgThe Ambassador of Great Britain to B&H Nigel Casey will mark the official start of the half marathon on Sunday, 15 September at 9:00 in front of BBI Center in Sarajevo.By promoting a healthy lifestyle and the importance of sport, the Sarajevo half marathon has attracted the attention of one thousand participants from 25 countries, and the Association ‘Marathon’ is behind the organization. There will be around 100 volunteers this year for the 7th Sarajevo Sberbank marathon.‘’The last preparations are underway and it is a special honor for us that Ambassador Casey will be a part of this event. This speaks of the quality and reputation of the race, which has been developing the image of Sarajevo for years as a desirable sports and tourist destination’’, said Erol Mujanović, Director of the Association ‘Marathon’ Sarajevo.(Source: read more

City transfer station and compost pile to be closed Monday

first_img Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. There are no comments posted yet. Be the first one! Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments Sumner Newscow report — Due to the Memorial Day Holiday – The City Transfer Station and Compost Site will be closed on Monday, May 25th.  Also, Monday’s commercial trash pick-up will occur on Tuesday, May 26.Follow us on Twitter.last_img read more