In a little notice piece in Politico we find out that the Trump Treasury Sec Manchin borrowed an extra $1 trillion last year in bonds knowing that either Trump or Biden would be looking to spend that money for the pandemic economic slowdown to get cooking again... This in fact … [Read more...] about The US Treasury is sitting on a pile of unspent money…
Mnuchin
Senate Republicans turn their back on Trump’s plea for a Virus deal….
Democratic House Speaker Pelosi is holding out for more stimulus/virus money..... (Fed Chair Powell and a LOT of states and business are also looking for more money from the Treasury also) President Trump up to few days ago would NOT budge on a lower amount of … [Read more...] about Senate Republicans turn their back on Trump’s plea for a Virus deal….
House approves a money bill to keep the government going….
The vote was 359 to 57.... House Speaker Pelosi and Treasury Sec. Mnuchin did some horse trading, something Pelosi was not gonna do until some m moderate Democrats pushed her to get a deal and back off her hardline in negotiations ...Progressives were left standing on the … [Read more...] about House approves a money bill to keep the government going….
Negotiations continue on a virus/stimulus bill….
Our first reaction was to look at this as being over.... It isn't.... Trump moves on a second look are not as broad as they seemed and Trump himself has acknowledged that they probably won't stand up in court....They will actually make the feeling about the economy … [Read more...] about Negotiations continue on a virus/stimulus bill….
Democrats hold on tight to keeping the $600 jobless benefit….
This isn't 2016-2018.... Democrats have a 40 seat majority in the US House .... Republicans will get nothing from the House Speaker Pelosi unless they make a 'deal' with her... Economists warn that cutting the benefit would hurt the economy.... Senate GOP leader has … [Read more...] about Democrats hold on tight to keeping the $600 jobless benefit….
Trump’s Treasury Sec just told McConnell that he WILL be passing ANOTHER stimulus bill…
So much for Senate leader McConnell trying to talk down another stimulus bill... The Democratic House has ALREADY approved one.... Fed Chair Powell is asking for more stimulus money to be given out... One would assume the House and Senate will use the House bill to make … [Read more...] about Trump’s Treasury Sec just told McConnell that he WILL be passing ANOTHER stimulus bill…
Congress is fighting over how much $$$ for the Stimulus Bill….
Republicans want the major aim to be helping business... Democrats want more money going to individuals.... Democrats....Not trusting Trump...Will not agree to anything that allow Trump to switch money around to pay for programs, projects or handouts that could help him … [Read more...] about Congress is fighting over how much $$$ for the Stimulus Bill….
A 2 year US budget deal appears to be close …..
There does not appear to be any taste for a government,ent shutdown by the Donald Trump who , in the deal, has to deal with House Democrats led by Nancy Pelosi... The days of Republicans's doing their 'own thing' are over.... Democrat have also had to compromise.... It's … [Read more...] about A 2 year US budget deal appears to be close …..