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 […]
Washington Update: March 23
03.23.2020
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 […]
Yesterday, Senate Republicans introduced their version of the 3rd coronavirus-focused legislative package, The Coronavirus Economic Stabilization Act of 2020. This will mark the start of negotiations, which will take place throughout the weekend with a goal of votes in the House and Senate next week. It is a lot to wade through, […]
The House The House is in recess this week. Before adjourning for recess late Friday night, the House took legislative action to combat the spread and negative impact of the Coronavirus with the passage of HR 6201, the Families First Coronavirus Response Act. Below are some of the bill’s key […]
