Buy the rumor of the “Largest Rescue Package in American History”, one which will explode both the US deficit and US debt and unleash helicopter money by the Fed… and sell the news. That’s what happened overnight, when after Senate passed the biggest 2-day rally since the Great Depression (the middle of the Great Depression, not the end of it mind you) just before midnight, U.S. […]
Senate
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The Senate unanimously approved a $2.2 trillion coronavirus stimulus aid package on Wednesday night, with 96 senators voting in favor and zero opposed. To underscore the widespread impact of the COVID-19 outbreak on the country, several senators were not present for the vote because they were self-quarantining because of the virus. The massive bailout package marks the third and, by far, most expensive attempt to stabilize […]
US Senators have passed a much-delayed $2 trillion stimulus bill, aimed at bolstering the US economy as the country is rattled by coronavirus lockdowns. The mammoth package was approved after days of bitter partisan fighting. Senators moved to vote on the bill late Wednesday night after the last hurdle preventing its passage – an amendment put forward by four Republican senators to curb the legislation’s generous unemployment […]
New York Gov. Andrew Cuomo said the senate’s $2 trillion stimulus bill would be “terrible” for his state at a coronavirus press conference on Wednesday. “The Senate is also considering a $2 trillion bill which is, quote-on-quote, relief for businesses, individuals and governments. It would really be terrible for the state of New York,” Cuomo told reporters in Albany. “The $2 trillion bill, what does it mean for […]
We have a deal, folks! It appears on early Wednesday morning, the White House and Republican and Democratic Senate leaders reached a deal to keep the American economy humming during the virus crisis and hopefully avoid depression in the second and third quarters. The new Senate proposal will inject $2 trillion into the US economy, just like a shot of heroin, providing tax rebates, four months […]
Financial markets rebounded Tuesday after prospects for a stimulus package out of the U.S. Senate improved. The upswing started with Japan’s Nikkei 225, which closed its trading day at 5:00 UTC up 7 percent. European stocks were bullish as well, with the FTSE 100 index gaining over 8 percent. As for U.S. markets, the S&P 500 index rallied 9 percent. It’s a respite from Monday when […]
A draft bill posted Tuesday to the U.S. Senate Committee on Banking, Housing and Urban Affairs defines a “digital dollar” and details how it might be maintained. The bill echoes language from a pair of draft U.S. House bills aimed at stimulating the economy during the coronavirus outbreak. The bill, introduced by Ranking Member Sen. Sherrod Brown (D-Ohio), is not proposing a crypto dollar but a […]
Democrats block SECOND attempt to pass coronavirus stimulus in US Senate — RT USA News icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon […]
American stock futures fell sharply during Asian trading hours, to around the limit down levels, as talks over a massive $1 trillion+ emergency rescue package for the coronavirus-stricken US economy reached a stalemate. Dow Jones and E-Mini S&P 500 futures crashed around 5 per cent on Asia opening, before bouncing back slightly, but continued to trade around the limits, threatening a chaotic opening for American markets […]
Chip Somodevilla/Getty Images Senator Rand Paul (R- KY) has tested positive for coronavirus and he is currenly in quarantine. Other senators are concerned about what steps they may have to take now as a result. Paul apparently used the Senate gym and pool this morning prior to learning his test results, something his Twitter account emphasized: We want to be clear, Senator Paul left the Senate […]
Sen. Rand Paul (R-KY) announced Sunday that he has tested positive for the novel coronavirus. “He is feeling fine and is in quarantine,” a Twitter announcement said. “He is asymptomatic and was tested out of an abundance of caution due to his extensive travel and events.” It added, “He expects to be back in the Senate after his quarantine period ends and will continue to work […]
On Friday night, Trevor Noah broadcast the third episode of The Daily Show—now known as The Daily Social Distancing Show—under self-quarantine from his living room couch. “It’s now Day 8 of being locked in the house, aka ‘social distancing,’” offered Noah. “On today’s episode, we’re gonna catch up on the latest news.” One of the biggest stories of alleged corruption that’s emerged during the novel coronavirus […]
Sen. Richard Burr, who was privy to secret briefings about the coronavirus when he cashed out a large portion of his net worth in stock, may also have engaged in securities fraud. As ProPublica reported, Burr’s statutorily mandated trading reports disclose that he dumped between $628,000 and $1.7 million of stock on February 13, in 33 separate transactions. The stocks Burr cashed out of, two weeks […]
On Jan. 21, senators gathered in their chamber on Capitol Hill to formally begin the impeachment trial for President Donald Trump. For hours on end, they were unable to leave their seats let alone check their electronic devices or speak with staff. Consumed with listening to hours-long arguments, they paid little attention to much else other than the trial. Then, three days later, in a private […]
The new U.S. senator for Georgia, and former CEO of bitcoin derivatives exchange Bakkt, sold between $1.3 million and $3.2 million in stock following a private Senate briefing on COVID-19. Senator Kelly Loeffler (R-Ga.) and husband Jeffrey Sprecher, the founder and CEO of Intercontinental Exchange (ICE), which owns the New York Stock Exchange as well as Bakkt, made a total of 29 transactions in the weeks […]
Fox News‘s Tucker Carlson had some serious words for Sen. Richard Burr (R-NC), who sold off a significant percentage of his stocks on February 13 – raising between $628,000 and $1.72 million in 33 separate transactions. Carlson noted Burr sold “more than a million dollars in stock in mid-February after learning how devastating the Chinese coronavirus could be. “He had inside information about what could happen […]
Fox News host Tucker Carlson ended his program Thursday night by calling for Sen. Richard Burr (R-NC) to resign and face prosecution for insider trading if he can’t provide “an honest explanation” for dumping over $1 million of stock after he discovered the severity of the looming coronavirus pandemic. Shortly before Carlson went to air Thursday night, ProPublica reported that after the Senate Intelligence Committee that […]
The US Senate has voted 90-8 for the House bill providing for free coronavirus testing, paid emergency leave for those infected, and more funding for social programs. Next up is another bill that would give Americans cash. Dubbed the “Families First Coronavirus Response Act” by the Democrat-dominated House, the bill sailed through the Senate on Wednesday with 90 votes in favor and only eight opposed. Senate […]
Senator Elizabeth Warren (D-MA) blasted Senate Majority leader Mitch McConnell (R-KY) in an interview on MSNBC’s All In with Chris Hayes over the upper chambers delay in bringing the coronavirus aid package bill to the floor, billing the move as “absolutely irresponsible.” Hayes began by asking Warren if it was a wise decision for McConnell to send the senate home for three days for recess and then fly to Kentucky […]
The Senate may want to amend the House’s Phase Two coronavirus bill and not pass it immediately, according to Politico. The deal, cut between Nancy Pelosi and Treasury Secretary Steven Mnuchin is unlikely to make it through in its current form, according to senior Senate GOP sources, who say that Senate Majority Leader Mitch McConnell and his chamber are going to insist on a much bigger […]
It’s Monday morning and three sections of the Patriot Act—or, as most on Capitol Hill prefer to call it, the Foreign Intelligence Surveillance Act (FISA)—have expired. And now that the provisions are gone, ahead of a vote expected late Monday afternoon, a coalition of some of the most left-leaning privacy groups is urging senators to let them stay gone. As in 2015, the expiration came after […]
The North Carolina Senate race hasn’t been as high on Democrats’ lists of possible pick-ups as Maine and Colorado. But that seems to be changing fast. Incumbent Republican Thom Tillis has been taking some heat over the discrepancy between his coronavirus response and his response to an earlier outbreak when Barack Obama was president. Tillis is all in when it comes to Donald Trump. He says […]
Senate majority leader Mitch McConnel is taking heavy fire for keeping the chamber in long recess even after House approval of a bipartisan bill on emergency relief to coronavirus epidemics. McConnel took a hands-off approach to this week’s work on federal response to the disease, allowing Treasury Secretary Steven Mnuchin to negotiate what a bipartisan approach to the emergency would look like. He agreed to cancel […]
With anxiety on the rise about the potential spread of coronavirus on Capitol Hill, especially among Congress’ vulnerable and ageing members, late Wednesday night it was announced a senate staffer who works on the hill tested positive. Washington state Democratic senator Maria Cantwell’s office said a staffer in her D.C. office tested positive in the first known instance of a congressional staffer getting the virus, prompting Sen. Cantwell […]