December 29, 2020

Two more Senate Republicans on Tuesday expressed support for delivering $2,000 stimulus checks to most Americans, adding to the pressure on Majority Leader Mitch McConnell (Ky.) to hold a vote on a proposal that most other members of his party had opposed before President Trump intervened. The latest calls came from Georgia’s two embattled Republican

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December 28, 2020

President Trump on Sunday signed the government funding and coronavirus relief package, the White House said, averting a government shutdown and delivering economic aid as the pandemic worsens. Trump signed off on the $2.3 trillion package from his Mar-a-Lago estate in Palm Beach, Fla., days after he expressed displeasure with the spending outlined in the omnibus and complained that

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December 18, 2020

White House aides intervened Thursday to prevent President Trump from issuing a statement calling for substantially larger stimulus payments for millions of Americans, according to two people granted anonymity to share details of the private exchange. On a phone call Thursday afternoon, Trump told allies that he believes stimulus payments in next relief package should

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December 16, 2020

Senate and House leaders are closing in on a coronavirus relief deal that would include direct stimulus payments, according to sources familiar with the talks. The package is based largely on a $748 billion relief bill that a bipartisan group of Senate and House moderates unveiled Monday plus a new round of stimulus checks, although

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December 10, 2020

The number of new applications for unemployment insurance surged last week to 853,000, a jump of more than 100,000 from the previous week, amid record-high coronavirus cases that are slowing economic growth. In the week ending December 5, initial weekly jobless claims rose by 137,000 from a revised total of 716,000 applications. The non-seasonally adjusted

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November 17, 2020

WASHINGTON (Reuters) – U.S. retail sales increased less than expected in October and could slow further, restrained by spiraling new COVID-19 infections and declining household income as millions of unemployed Americans lose government financial support. While other data on Tuesday showed production at factories accelerating last month, output remained well below its pre-pandemic level and

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