Markets

Only 6 states are paying out Trump’s $300 unemployment benefit so far. Most Americans have to wait several more weeks to receive the aid.

Nearly three weeks after President Donald Trump signed an executive order to boost unemployment aid, only six states are paying out the $US300 federal supplement. Arizona, Louisiana, Missouri, Montana, Tennessee, and Texas are paying out the federal benefits, and 32 states have been approved so far. “I think states are […]
Only 6 states are paying out Trump’s $300 unemployment benefit so far. Most Americans have to wait several more weeks to receive the aid.
News

Republican convention speaker and congressional candidate Burgess Owens plagiarized large portions of his book, according to new report

GOP convention speaker and congressional candidate Burgess Owens plagiarized large sections of his book, left-leaning watchdog Media Matters reported Tuesday. Owens, a far-right activist and former National Football League player, stole material from sources including Wikipedia, History.com, Townhall, National Review, American Thinker, and the Boston Globe, according to Media Matters. […]
Republican convention speaker and congressional candidate Burgess Owens plagiarized large portions of his book, according to new report
News

The virtual convention format played to the Democrats’ message discipline, but could be disastrous for Trump’s off-the-cuff style

This year’s socially distanced presidential nominating conventions have created an unprecedented challenge for both parties. Democrats managed to take advantage of the virtual events to stay on message and minimise drama. But this may be challenging for President Donald Trump, who prefers his speeches long, at least partially unscripted, full […]
The virtual convention format played to the Democrats’ message discipline, but could be disastrous for Trump’s off-the-cuff style
Markets

Alexandria Ocasio-Cortez slams top Biden advisor’s claim that the growing deficit would limit government spending under a potential Biden administration

Rep. Alexandria Ocasio-Cortez on Thursday raised the alarm after a top aide to presidential nominee Joe Biden said the burgeoning national debt might require more limited government spending. “When we get in, the pantry is going to be bare,” Biden aide Ted Kaufman said. “When you see what Trump’s done […]
Alexandria Ocasio-Cortez slams top Biden advisor’s claim that the growing deficit would limit government spending under a potential Biden administration
News

‘These are people who love our country’: Trump embraces the far-right QAnon conspiracy movement from the White House podium and claims he’s ‘saving the world’

President Donald Trump threw his support behind the far-right QAnon conspiracy theory from the White House podium during a press briefing on Wednesday evening. Trump said that he didn’t know much about the movement but that its followers “like me very much, which I appreciate.” “These are people who don’t […]
‘These are people who love our country’: Trump embraces the far-right QAnon conspiracy movement from the White House podium and claims he’s ‘saving the world’
Markets

Kamala Harris supports $2,000 monthly stimulus checks to help Americans claw out of pandemic ruin — and she’s long backed plans for Democrats to give people more money

Biden picked Kamala Harris to be his vice presidential running mate on Tuesday, putting a former primary rival on the ticket. Harris appears to possess a simple economic instinct: The government should step in and give people more money. She supports $US2,000 monthly stimulus checks for Americans during the pandemic, […]
Kamala Harris supports $2,000 monthly stimulus checks to help Americans claw out of pandemic ruin — and she’s long backed plans for Democrats to give people more money
News

Far-right QAnon supporter Marjorie Taylor Greene is virtually guaranteed to win a House seat despite her long history of racist beliefs

Marjorie Taylor Greene, a far-right conspiracy theorist and staunch Trump supporter, won the Republican primary runoff for a northwest Georgia House seat on Tuesday. Greene owns a construction company with her husband and largely self-financed her House bid. She has a long history of making racist, anti-Semitic, and Islamophobic remarks […]
Far-right QAnon supporter Marjorie Taylor Greene is virtually guaranteed to win a House seat despite her long history of racist beliefs
News

Marjorie Taylor Greene, a Republican congressional candidate endorsed by Trump, claimed there isn’t ‘any evidence’ a plane crashed into the Pentagon on 9/11

Marjorie Taylor Greene, a GOP congressional candidate virtually assured to win a Georgia congressional seat, promoted a 9/11 conspiracy theory, the liberal watchdog group Media Matters first reported Thursday. Greene, who also supports the far-right QAnon conspiracy theory, falsely claimed at the American Priority Conference in 2018 that “there’s never […]
Marjorie Taylor Greene, a Republican congressional candidate endorsed by Trump, claimed there isn’t ‘any evidence’ a plane crashed into the Pentagon on 9/11
Markets

The GOP wants to move boosted unemployment benefits to a new percentage-based system — but experts warn the rollout could be a logistical nightmare

Republicans are seeking to implement a wage replacement system in two months, meaning that laid-off workers eventually draw 70% of their previous earnings from the federal government. “It’s not clear what Congress will approve, but the worst-case scenario is something based on a percentage,” Michele Evermore, policy analyst at the […]
The GOP wants to move boosted unemployment benefits to a new percentage-based system — but experts warn the rollout could be a logistical nightmare
Markets

The $600 weekly unemployment benefit is formally expiring for millions of jobless Americans — and Congress is still fighting over what should replace it

Congress is at an impasse over enhanced unemployment benefits, with Republicans under immense pressure to prevent them from lapsing on Friday. Democrats assailed the GOP for beginning to debate a replacement to the $US600 weekly benefits at the 11th hour. Millions of unemployed people face income drops ranging from 50% […]
The $600 weekly unemployment benefit is formally expiring for millions of jobless Americans — and Congress is still fighting over what should replace it
Markets

The $600 boosted unemployment benefit just expired. Here’s how much unemployment checks could drop in your state under the GOP’s less-generous replacement plan

The $US600 federal supplement to unemployment benefits expired on Friday. The GOP unemployment plan will reduce weekly benefits nationwide by 44%, according to a new analysis. Weekly unemployment payments would fall to $US521 from $US921 on average nationwide, a $US400 reduction that could be in place for two months. States […]
The $600 boosted unemployment benefit just expired. Here’s how much unemployment checks could drop in your state under the GOP’s less-generous replacement plan
Markets

The GOP could reduce federal unemployment benefits to $200 a week. That would shed an estimated 3.4 million jobs from the economy.

The GOP is pushing to reduce the enhanced unemployment benefits to around $US200 a week. The move could shed an estimated 3.4 million jobs from the economy, according to the left-leaning Economic Policy Institute. Many economists credit the federal government’s intervention in boosting state unemployment checks with prompting quicker rebounds […]
The GOP could reduce federal unemployment benefits to $200 a week. That would shed an estimated 3.4 million jobs from the economy.
Markets

The GOP says it will roll out its initial coronavirus relief bill next week — after the $600 weekly unemployment benefit expires for millions of Americans

Senate Majority Leader Mitch McConnell said on Thursday, after infighting among Republicans held up the rollout of the GOP’s coronavirus legislation, that the plan would be unveiled “early next week.” That means the $US600 weekly boost to federal unemployment benefits for millions of jobless people will expire without a replacement. […]
The GOP says it will roll out its initial coronavirus relief bill next week — after the $600 weekly unemployment benefit expires for millions of Americans
Markets

Trump suggested Republicans could reduce extra unemployment benefits to an estimated $175 a week. That would cause millions of jobless Americans to lose up to half their income.

President Donald Trump said on Tuesday at a coronavirus press conference that Republicans might scale back the extra weekly unemployment benefits from $US600 to a level that’s roughly 70% of a jobless person’s lost wages. That would lower the unemployment-insurance boost into the $US175-to-$US200 range, according to an estimate from […]
Trump suggested Republicans could reduce extra unemployment benefits to an estimated $175 a week. That would cause millions of jobless Americans to lose up to half their income.
Markets

Trump wants tax breaks to encourage people to watch sports games and travel around the US. Here’s why that could backfire as the pandemic rages.

President Trump is seeking tax breaks to encourage Americans to watch sports games and travel around the US in an effort to boost the economy and restore normalcy. “We’re looking at deductions for business expenses, restaurants, baseball games, if hopefully they’re going to open,” National Economic Council Director Larry Kudlow […]
Trump wants tax breaks to encourage people to watch sports games and travel around the US. Here’s why that could backfire as the pandemic rages.
Tech

Top Trump officials and Republicans are encouraging followers to migrate to Parler, an alternative social network beloved by far-right agitators kicked off Facebook and Twitter

Dozens of Republican politicians, conservative pundits, and Trump campaign officials have recently shared posts and voiced support for a social platform called Parler. Parler, similar to social networks like Gab and MeWe, has advertised itself as a haven for free speech and protector of user rights. The migration to Parler […]
Top Trump officials and Republicans are encouraging followers to migrate to Parler, an alternative social network beloved by far-right agitators kicked off Facebook and Twitter
Markets

Former Fed Chairs Ben Bernanke and Janet Yellen signed a letter with 130 top economists imploring Congress to prevent ‘prolonged suffering and stunted economic growth’

A group of 130 top economists including Ben Bernanke and Janet Yellen signed a letter with 130 top economists calling for Congress to act and prevent “prolonged suffering and stunted economic growth.” “If Congress fails to act, state and local governments face potentially disastrous budget shortfalls, and the Congressional Budget […]
Former Fed Chairs Ben Bernanke and Janet Yellen signed a letter with 130 top economists imploring Congress to prevent ‘prolonged suffering and stunted economic growth’
Markets

The $600 federal weekly unemployment benefits are ending for millions of Americans. Here are 4 plans that Congress could replace it with.

Over 30 million people are collecting unemployment benefits due to the recession stemming from the coronavirus pandemic. Democrats and Republicans are split on how to address the historic unemployment crisis. Ideas include extending ramped-up unemployment benefits, paying people to return to work, and supplementing state benefits so they amount to […]
The $600 federal weekly unemployment benefits are ending for millions of Americans. Here are 4 plans that Congress could replace it with.
Markets

Trump’s advisers are optimistic for a quick economic rebound, despite alarm over sky-high unemployment and wave of small business closures

Trump’s economic team is optimistic about a quick economic recovery. “I’ve been really positively impressed by how quickly things are turning around,” said White House economic adviser Kevin Hassett on Monday. But other policymakers are warning of a protracted downturn given the surge of unemployment claims and wave of small […]
Trump’s advisers are optimistic for a quick economic rebound, despite alarm over sky-high unemployment and wave of small business closures
Markets

Mitch McConnell railed against House Democrats’ plan to send $1,200 stimulus checks to immigrants left out of initial wave of federal payments

Senate Majority Leader Mitch McConnell tore into the Democratic plan for additional stimulus checks, saying it would benefit undocumented immigrants. “Another round of checks for illegal immigrants. Can you believe it?” the Kentucky Republican said during a speech on the Senate floor. The Democratic plan opens the door for more […]
Mitch McConnell railed against House Democrats’ plan to send $1,200 stimulus checks to immigrants left out of initial wave of federal payments
Markets

McConnell says giving aid to states to help ease the pain from the pandemic would be a ‘blue state bailout.’ But most states were doing the right thing before the coronavirus hit.

Senate Majority Leader Mitch McConnell said he was against bailouts for states and would rather see them go bankrupt. But states have bolstered their cash reserves and rainy-day funds in the decade since the Great Recession. The idea of allowing states to file for bankruptcy has been widely panned in […]
McConnell says giving aid to states to help ease the pain from the pandemic would be a ‘blue state bailout.’ But most states were doing the right thing before the coronavirus hit.
Markets

More than 80 million Americans received stimulus checks last week. But top Democratic economists say the government should be doing even more to fight coronavirus.

Top Democratic economists say another wave of stimulus payments is likely needed to help people confront the economic fallout from the coronavirus. More Democratic lawmakers are also getting behind the idea, including Alexandria Ocasio-Cortez, Kamala Harris, and Bernie Sanders. “Given the extent of layoffs and the absence of paid leave, […]
More than 80 million Americans received stimulus checks last week. But top Democratic economists say the government should be doing even more to fight coronavirus.
Markets

‘Shameful!’: AOC just delivered a 60-second takedown of Republicans who fought for a corporate bailout in the $2 trillion coronavirus aid bill

Rep. Alexandria Ocasio-Cortez scolded GOP lawmakers on the House floor Friday before a House vote on the $US2 trillion coronavirus relief bill. She said it was “shameful” that Senate Republicans had fought for “one of the largest corporate bailouts with as few strings as possible in American history.” “There should […]
‘Shameful!’: AOC just delivered a 60-second takedown of Republicans who fought for a corporate bailout in the $2 trillion coronavirus aid bill
Markets

Sen. Lindsey Graham threatens to derail coronavirus economic aid bill over boosted unemployment benefits, calling it ‘Bernie Sanders on steroids’

Graham said the $US2 trillion stimulus bill was “Bernie Sanders on steroids” in a radio interview with Sean Hannity. He was among four GOP senators that blasted the bill for significantly boosting unemployment benefits, terming it a “massive drafting error.” They said they would oppose quickly approving the bill unless […]
Sen. Lindsey Graham threatens to derail coronavirus economic aid bill over boosted unemployment benefits, calling it ‘Bernie Sanders on steroids’
News

Text messages show Devin Nunes’ aide had extensive communications with Giuliani associate Lev Parnas about Trump’s Ukraine efforts

House Democrats released a tranche of previously undisclosed text messages on Friday night between an associate of Rudy Giuliani’s and an aide to the top-ranking Republican on the House Intelligence Committee. The records show that Parnas, who Rudy Giuliani used to communicate with Ukrainian officials, texted with Rep. Devin Nunes’ […]
Text messages show Devin Nunes’ aide had extensive communications with Giuliani associate Lev Parnas about Trump’s Ukraine efforts
News

Susan Collins says she’s working with a small group of Republicans to ensure there will be witnesses at Trump’s impeachment trial

GOP Sen. Susan Collins said she’s working with a “fairly small group” of fellow Republicans to ensure witnesses are called to testify during President Donald Trump’s Senate impeachment trial. “We should be completely open to calling witnesses,” Collins said on Friday, according to Maine’s Bangor Daily News. John Bolton, President […]
Susan Collins says she’s working with a small group of Republicans to ensure there will be witnesses at Trump’s impeachment trial
News

John Bolton just became Trump and the GOP’s worst nightmare

John Bolton, President Donald Trump’s former national security adviser, announced on Monday that he’s willing to testify in the impending Senate impeachment trial, even if the president opposes it. Bolton’s unexpected move took Washington by storm and is now the biggest thorn in the side of congressional Republicans. The GOP […]
John Bolton just became Trump and the GOP’s worst nightmare