Congress passes bill that could block Chinese firms from listing in U.S.
Congress on Wednesday passed a bill that could prevent Chinese companies from listing on U.S. stock exchanges if they fail to comply with domestic auditing standards, a move likely to ramp up tensions between the nations. The bill, which passed the Senate in May, was approved by the House of Representatives on Wednesday by unanimous voice vote. It needs to be signed into law by President Donald Trump. "Communist China is right now using U.S. stock exchanges to exploit American workers and families -- people who put their retirement and college savings in public companies," Republican Sen. John...
Sudan threatens to drop Israel normalisation if US fails to grant terror immunity
Sudan has warned the US it will pull out of a Washington-brokered agreement to normalise ties with Israel if Congress fails to restore its sovereign immunities by the end of the year, officials have said.Khartoum reluctantly agreed to become the third Arab nation this year to normalise ties with Israel, but only if it was removed from the US State Sponsors of Terrorism list.Last month's deal is in danger if Congress fails to approve parts of the delisting by the year's end, five officials and others familiar with the talks told The New York Times.The rapprochement deal involves restoring Sudan...
Congress seeks to avert a government shutdown as Trump seethes
Congress returned Monday from its Thanksgiving break hoping to avoid a government shutdown looming at the end of next week — with President Donald Trump being a potential wild card.Hopes for a new coronavirus stimulus package are slim as lawmakers focus on the more limited goal of keeping the government open into next year with a must-pass $1.4 trillion spending measure.Even that could prove tricky because of the outgoing man in the White House.Trump may seek to use the talks as a way to flex his political muscle and show he remains relevant despite losing the election to President-elect Joe B...
New York Daily News
Coronavirus stimulus checks 2020: Congress has less than a month left
Despite the surge in coronavirus cases across the U.S., the negotiations for the second stimulus package remain in limbo. Congress was on leave for most of last week, and is scheduled to return on Monday. Last week, Senate Majority Leader Mitch McConnell also finally agreed to restart negotiations on the coronavirus stimulus package (and possibly checks as well), but time is running out fast to work out a package in 2020.Q3 2020 hedge fund letters, conferences and moreCongress has fewer sessions left this yearEven though there is still a month left until the New Year, the time for official in-...
US economic suffering may rise without stimulus: Fed minutes
Washington (AFP) - Officials at the Federal Reserve feared the US economy was on a course for renewed pain without Congress approving more stimulus to help its recovery from the pandemic, according to minutes of the central bank's latest policy meeting released Wednesday.Members of the Federal Open Market Committee (FOMC) also considered future changes in its strategy of buying Treasury assets and mortgage-backed securities, the minutes from the November 4-5 meeting said.US central bankers including Fed Chair Jerome Powell have been gently prodding Washington lawmakers for more stimulus spendi...
The Jews of Congress
November 21, 2020*Items in today’s column include*Sara Jacobs Receives Plum Assignment in House of Representatives*Davis’s Legislation on Apprenticeships, Work Force Training Passes HouseJews in New House 25, Senate Maybe 10*In memoriam*By Donald H. HarrisonDonald H. HarrisonSAN DIEGO — Congresswoman-elect Sara Jacobs of San Diego has been appointed by House Speaker Nancy Pelosi as the freshman representative on the House Democrats’ Steering and Policy Committee — a plum assignment that may mark the wealthy Californian as a future leader in the Democratic Caucus. Jacobs, who succeeds retiring ...
San Diego Jewish World
Potential coronavirus vaccine may block your stimulus checks
Lawmakers have worked for months to come up with the next relief package, but so far there has been nothing except for words. Post-election developments do hint of a coronavirus stimulus package soon, but there is one more crucial factor that could decide when Congress approves the relief bill and if it would include checks or not, and this factor is the COVID-19 vaccine.Q3 2020 hedge fund letters, conferences and moreA vaccine dims chances of coronavirus stimulus checksThe sooner we have an effective COVID-19 vaccine, the better are the chances of no, or a reduced, stimulus package. In case a...
Typhoon wreckage brings fiscal stimulus push to life
Typhoon wreckage brings fiscal stimulus push to lifeMANILA, Philippines — Calamity damage prompted legislators to push the envelope for a bigger stimulus, a move likely to usher fresh disagreements with the Duterte administration that until recently would not budge on its hardline stance against larger deficit spending.The good news is Finance Secretary Carlos Dominguez III appeared to have softened his position against a bolder spending package if a government assessment showed it is needed. The bad news is time is running out for both Congress and the Executive department to finalize a deal ...
Facebook, Twitter CEOs back before Congress Tuesday
Washington (AFP) - The top executives of Facebook and Twitter were set to appear before US lawmakers for the second time in less than month for a fresh hearing on the hotly disputed role of social networks in US political debate.Facebook's Mark Zuckerberg and Twitter's Jack Dorsey were scheduled to appear remotely at the hearing before the Senate Judiciary Committee.Both executives were testifying "voluntarily," according to the panel.Committee chair Senator Lindsey Graham called the session to address what he called "censorship and suppression of news articles" and the "handling of the 2020 e...
Coronavirus stimulus checks: Trump still cares for relief package, but wants it ‘focused’ now
After election results came out, it was largely believed that Donald Trump would not be very excited about another stimulus package. However, contrary to expectations, Trump on Saturday called on Congress to approve a “big and focused” coronavirus stimulus package, possibly including checks.Q3 2020 hedge fund letters, conferences and moreCoronavirus stimulus checks: Trump calls for "big and focused" packagePrior to the election, President Trump was very vocal about coming up with a big stimulus package. However, after the election, many thought that Trump wouldn’t focus much on the stimulus pa...