As we continue to monitor the spread of the coronavirus, we wanted to update you on what is being discussed about next steps for the two institutions on the front lines of the response to this epidemic: local and state governments and our healthcare workers and hospitals. Speaker Nancy Pelosi […]
We are happy to report that President Trump has signed the Phase 3 bill of the federal governments coronavirus pandemic response. With Congress’s role in Phase 3 finally concluded, attention in both chambers will now turn to Phase 4, which is expected to be a House-driven effort. Speaker Nancy Pelosi […]
Republicans and Democrats reached a hard-won agreement on the Senate‘s $2 trillion worth of fiscal stimulus to shore up an economy crippled by the coronavirus pandemic. The Senate returns at noon Wednesday and, while a vote is expected, Majority Leader McConnell has not yet set a time. The final version […]
Secretary Mnuchin has approved the establishment of three new facilities under section 13(3) of the Federal Reserve Act to provide liquidity to the financial system and support the flow of credit to American workers, households, and businesses. These include: The Term Asset-Backed Securities Loan Facility (TALF): under which the Federal […]
In a major late breaking development, Senate Democrats did not vote for cloture by a 47-47 vote on the third stimulus bill that Senate Republicans had been advancing, H.R. 748, the CARES Act. Senator GOP Leader Mitch McConnell switched his vote to no so he could move to reconsider at […]
