election
Prior to the election, both President Donald Trump and House Speaker Nancy Pelosi talked about giving a lavish stimulus package. However, as election results come in, it appears that the funding for the next coronavirus stimulus package will likely be smaller, while checks may even get axed.Q3 2020 hedge fund letters, conferences and moreNext stimulus package may be smallerThough it is not yet clear who will be the next U.S. President, the results so far do suggest that Congressional Democrats may fail to get a majority in the Senate. Moreover, Democrats are facing a smaller majority in the Ho...
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With negotiations over the next stimulus package at a dead end, most lawmakers, including President Donald Trump and House Speaker Nancy Pelosi, now expect a deal in the lame-duck session. However, Senate Majority Leader Mitch McConnell believes that the next coronavirus stimulus bill (possibly including checks) should be considered in early 2021.Coronavirus stimulus checks: McConnell wants relief in 2021On Friday, speaking on Hugh Hewitt’s radio program, McConnell said there is a need for another stimulus package, something that is more modest “than the $3 trillion dollar Nancy Pelosi package...
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House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin were expected to reach a deal on the next stimulus package this week. President Donald Trump, however, effectively ended stimulus talks on Tuesday, suggesting you won’t get coronavirus stimulus checks before the November election.Q2 2020 hedge fund letters, conferences and moreCoronavirus stimulus checks: Trump ends stimulus talksIn a tweet on Tuesday, Trump said he had asked his representatives to stop “negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill that focuses on hardworki...
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Q2 2020 hedge fund letters, conferences and morePost-Debate NotesWith the first Trump-Biden debate of 2020 in the books, we've headed into the final stretch of the 2020 election. Let's assess what happened, note the election risk, and then look at how to protect against it.What HappenedBiden goes the distance. The former Vice President beat expectations by lasting the full 90 minutes and not appearing senile. He was able to recite his talking points.Biden gets bailed out. When Biden seemed at a loss for words (such as when President Trump asked him which police union had endorsed him), he got ...
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To give a push to the stalled relief package negotiations, the House Democrats, on Monday, came up with a new bill. Along with introducing the new proposal, House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin also resumed negotiations on Monday. The new proposal, as well as resumption of negotiations, does raise hopes of another round of coronavirus stimulus checks pre-election.Q2 2020 hedge fund letters, conferences and moreDemocrats’ new bill: what does it include?On Monday, House Democrats introduced a new proposal for the coronavirus stimulus package costing $2.2 trillion. Tho...
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Lawmakers may be saying that the coronavirus relief package is a priority for them. However, despite two months of negotiations, they have failed to reach a deal. Now, it is being reported that the Congress could be planning to leave town until after the election without passing another coronavirus relief package and stimulus checks.Q2 2020 hedge fund letters, conferences and moreLawmakers may complete work this week?A report from CNN noted that the Congress could be preparing to leave Capitol Hill as soon as this week until after the election without giving Americans another round of coronavi...
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When will the next coronavirus stimulus checks arrive, or if they will arrive, is the biggest question nowadays. Though it is now largely believed that there won’t be any package before the election, there are still some days left before lawmakers leave to prepare for the election. Let’s take a look at the official timeline before the election and the last day that lawmakers could likely pass another coronavirus stimulus package and checks.Q2 2020 hedge fund letters, conferences and moreCoronavirus stimulus checksThe Senate is scheduled to go on a break after October 9, while the House is sche...
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