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The number of coronavirus cases are quickly rising in several parts of the U.S. again. However, the lawmakers aren’t showing the same agility in the matter of the relief package. More lawmakers now believe there are less chances of any coronavirus stimulus package and checks in the lame-duck session as the focus will be on the approaching deadline to decide on government spending.Q3 2020 hedge fund letters, conferences and moreLess chances of coronavirus stimulus checks by year end?Sen. John Cornyn, a Republican from Texas, says that he is “discouraged” now because there “doesn't seem to be an...
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Even as coronavirus cases and hospitalizations continue to rise in the U.S., the lawmakers have still not returned to the stimulus negotiating table. The two sides are still far apart in terms of the cost of the stimulus bill. President-elect Joe Biden wants the Congress to approve the HEROES Act, but Senate Majority Leader Mitch McConnell is still against a big coronavirus stimulus package. Instead he wants a targeted package costing about $500 billion that may not include coronavirus stimulus checks.Q3 2020 hedge fund letters, conferences and moreCoronavirus stimulus checks: McConnell still ...
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Independent Restaurants: “Neighborhood Restaurants and Their Employees are Out of Options and Congress is Nearly Out of Time”Q3 2020 hedge fund letters, conferences and moreToday’s October Jobs Report Showed Restaurants Leading Total Pandemic Job Losses for Ninth Consecutive Month, 2.1 Million Jobs Still Lost From COVID-19Restaurants And Their Employees Are Out Of OptionsWASHINGTON, D.C. — Today, the Independent Restaurant Coalition (IRC) released the following statement in response to October’s jobs report, which showed food and beverage establishments out 2.1 million jobs since February:"Wit...
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The wait for the next stimulus package seems to have no end. But, as the saying goes, “the longer you wait, the better it is,” which possibly may happen with your next stimulus check, whenever it comes. There are good chances that the amount you get with your next coronavirus stimulus check might be more than what you got in the first round.Q3 2020 hedge fund letters, conferences and moreCoronavirus stimulus check: how might you get more?The second stimulus check, if it is approved, is expected to follow the same guidelines as laid down by the CARES Act. However, the proposals put forward so f...
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In an attempt to reach a bipartisan deal, the White House came up with a $1.6 trillion offer. This package was in response to Democrats’ $2.2 trillion HEROES Act 2.0. However, House Speaker Nancy Pelosi blasted this offer, which included coronavirus stimulus checks and other benefits, saying it isn’t even “half a loaf.”Q2 2020 hedge fund letters, conferences and morePelosi doesn’t find $1.6 trillion enoughPelosi and Treasury Secretary Steven Mnuchin have been in talks since Monday to strike a deal on the relief package. During the negotiations, the White House gave a counteroffer costing about...
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As was expected, the White House did come up with a counteroffer on Wednesday afternoon, in response to the House Democrats’ relief bill, which includes coronavirus stimulus checks. However, House Speaker Nancy Pelosi likely rejected it because the House went ahead to approve the $2.2 trillion bill.Q2 2020 hedge fund letters, conferences and moreCounteroffer includes coronavirus stimulus checksTreasury Secretary Steven Mnuchin proposed a $1.62 trillion relief bill on Wednesday, according to Lindsey McPherson of Roll Call. This new bill included increased funding for state and local governments...
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After delaying the vote on Wednesday, the House of Representatives finally voted on the $2.2 trillion coronavirus stimulus proposal on Thursday. As was expected, the proposal was approved. However, the House approval of the bill no way means that there will be another round of coronavirus stimulus checks before the election.Q2 2020 hedge fund letters, conferences and moreHouse passes $2.2T bill: what does it mean for coronavirus stimulus checks?The bill was approved on Thursday night by a 214-207 vote. Eighteen Democrats voted against the bill, while Republicans were united in opposition. Even...
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The CARES Act, which was passed in March, offered financial assistance to several sections of society. It missed a few sections as well, including illegal immigrants. However, the new proposal from the House Democrats, also called HEROES Act 2.0, offers several benefits to illegal immigrants, including coronavirus stimulus checks.Q2 2020 hedge fund letters, conferences and moreCoronavirus stimulus checks for illegal immigrantsEarlier this week, the House Democrats introduced an updated HEROES Act costing about $2.2 trillion. Like the original HEROES Act, of which the cost was about $3.3 trilli...
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It was a pretty eventful Wednesday for those waiting for the next coronavirus relief package and stimulus checks. Wednesday was full of action, with both bad and good news for those hoping to get coronavirus stimulus checks before the November election. The bad news is that House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin failed to reach an agreement yesterday. The good news is the two sides will continue to hold talks and that House Democrats have delayed a vote on their new bill.Q2 2020 hedge fund letters, conferences and moreCoronavirus stimulus checks: an action packed Wedn...
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Over the past few months, several deadlines for the coronavirus relief package have come and passed. Now, reports are that one more deadline is approaching to decide the fate of the coronavirus relief package and stimulus check.Q2 2020 hedge fund letters, conferences and moreCoronavirus stimulus check deadline?On Monday, it was reported that House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin resumed negotiations on the next package. The two talked to each other on the phone Monday and Tuesday, reigniting hopes that Americans could get coronavirus stimulus checks this month.Howeve...
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