US Congress reaches deal on Covid-19 relief package
Washington (AFP) - US lawmakers have reached a deal for a new package to boost the world's largest economy, which has been battered by the coronavirus pandemic, congressional leaders announced Sunday. "We've agreed to a package of nearly $900 billion. It is packed with targeted policies to help struggling Americans who have already waited too long," Republican Senate leader Mitch McConnell in a statement. Democratic House Speaker Nancy Pelosi and Senate minority leader Chuck Schumer confirmed an agreement had been reached with Republicans and the White House on a deal that "delivers urgently n...
Coronavirus stimulus checks: Pelosi, Mnuchin talked, but fail to reach deal on Monday
Negotiations over the next stimulus package have been ongoing for over three months now, but with no results so far. In a final push to get the deal done before the election, House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin talked again on Monday on the coronavirus stimulus package, including checks, but failed to reach a final agreement.Q3 2020 hedge fund letters, conferences and moreCoronavirus stimulus checks: Pelosi, Mnuchin fail to reach dealPelosi and Mnuchin, who had last talked on Wednesday, were unable to resolve the differences on Monday. The two sides have still not ...
Trump touts 'fantastic' TikTok deal with Walmart and Oracle
Washington (AFP) - President Donald Trump said Saturday he had approved a deal allowing Silicon Valley giant Oracle to become the data partner for TikTok to avert a shutdown of the massively popular Chinese-owned video app that Washington has called a security risk.The deal, announced by the companies, also includes Walmart as a commercial partner and would create a new US company named TikTok Global."I think it's going to be a fantastic deal," Trump said. "I have given the deal my blessing. If they get it done that's great, if they don't that's okay too."Shortly after, TikTok -- owned by Chin...