Tag: Stimulus (Economic)

Trump Is Hurting His Own Re-election Chances

The strangest part of President Trump’s coronavirus response is that it’s almost certainly damaging his chances of re-election. I realize that may sound surprising, given that his approval rating has been rising. But when you look beyond day-to-day events — which Trump often struggles to do — you see that he is creating the conditions […]

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The Race for Virus Money Is On. Lobbyists Are Standing By.

WASHINGTON — The federal government is open for coronavirus business, and the scramble to get some of it is on. A South Carolina company has hired a lobbyist close to President Trump to try to win regulatory approval to sell a misting spray to kill coronavirus on airplanes. A Manhattan company is seeking money from […]

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We Can Safely Restart the Economy in June. Here’s How.

The argument that harsh restrictions on business and social interaction during the Covid-19 pandemic will do more harm than good has real power. Unemployment is projected to rise to 30 percent in a few months, and an economic contraction in the second quarter of 15 percent or more has been forecast. President Trump’s wish to […]

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Check Is in the Mail? For Many Bill Payers, It Won’t Be

On Wednesday, as on the first day of any month, many companies and households will have bills to pay. This time, a lot will simply pile up. Angela Rogan is unlikely to make the rent on her apartment in the San Francisco Bay Area. Katherine Anderson, who owns a cafe-bakery in Seattle, isn’t going to […]

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Live Coronavirus News Updates and Coverage

Here’s what you need to know: Video transcript Back transcript Trump Signs Historic $2 Trillion Coronavirus Relief Bill President Trump signed into law the largest economic stimulus package in modern American history, backing a $2 trillion measure designed to respond to the coronavirus pandemic. This will deliver urgently needed relief to our nation’s families, workers […]

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For Farmers, Stimulus Bill Means Subsidies Continue to Flow

WASHINGTON — After providing nearly $26 billion in aid to farmers over the past few years to offset losses from President Trump’s trade war with China, the administration now has another giant new pot of money to pass out to them with little or no oversight, courtesy of the $2 trillion coronavirus stimulus package. The […]

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What the Coronavirus Means for Climate Change

Something strange is happening. Not just the illness and death sweeping the planet. Not just the closing of borders and bars and schools, the hoarding of wipes and sanitizer, the orders — unimaginable to most Americans weeks ago — to “shelter in place.” Something else is afoot. In China and Italy, the air is now […]

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Don’t Need That $1,200 Stimulus Check? Here Are Places to Donate It.

Congress passed a sweeping $2 trillion stimulus package on Friday, its most drastic measure to date to throw a buoy to the American economy that is sinking under the coronavirus outbreak. Included in the legislation is an expansion of unemployment benefits, lending programs for small businesses and direct support for large and small companies. But […]

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Australia Says Goodbye to the World’s Longest Boom

SYDNEY, Australia — The line for unemployment benefits curled around the block in an upscale neighborhood of Australia’s largest city, with officially prescribed wide distances between everyone in need. There were restaurant workers in masks who had spent decades jumping from one hip hangout to another. An immigrant whose paychecks had risen as reliably as […]

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The National Debt Is About to Soar. Without a Rescue, It Would Probably Soar Even More.

The United States government is poised to take on a huge amount of debt to contain the effects of the coronavirus pandemic, with budget deficits on a scale not seen since World War II looking likely. But the only thing worse for the public debt outlook would be if it didn’t. That’s why a broad […]

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Coronavirus Live Updates: U.S. Has More Cases Than Any Other Country

Here’s what you need to know: ImageA patient, believed to be infected, being moved in Paterson, New Jersey.Credit…Chang W. Lee/The New York Times The U.S. now leads the world in confirmed coronavirus cases. Scientists warned that the United States someday would become the country hardest hit by the coronavirus pandemic. That moment arrived on Thursday. […]

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Man Charged With Making Death Threats to Nancy Pelosi in Coronavirus Rant

A Texas man, ranting on social media about the congressional response to the coronavirus outbreak, has been charged with making death threats to Speaker Nancy Pelosi and other Democrats, federal prosecutors announced on Thursday. Gavin Weslee Blake Perry, 27, of Wichita Falls, Texas, wrote on his personal Facebook page on Monday that Ms. Pelosi was […]

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As Coronavirus Spread, Largest Stimulus in History United a Polarized Senate

WASHINGTON — As Senator Chuck Schumer walked the two miles from his apartment to the Capitol early Sunday morning, getting his steps in since the Senate gym had been shut down to stem the spread of the novel coronavirus, he knew he and his fellow Democrats had a momentous decision to make. After 48 hours […]

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Stocks Surge as Washington’s Aid Package Advances: Live Updates

Here’s what you need to know: Wall Street shakes off record unemployment claims. Boeing is up nearly 90 percent this week. American Airlines has jumped almost 50 percent. Carnival Corporation has soared nearly that much as well. Wall Street has been in rally mode, as investors bid up shares of companies that were set to […]

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As Coronavirus Crisis Unfolds, Sanders Sees a Moment That Matches His Ideas

Both hands were waving — over here, over there, a full wingspan on display — as Bernie Sanders directed his most biting sarcasm at his “Republican friends.” Excuse him, forgive him, for wanting working people to get a few more bucks for a few more months as part of the sweeping stimulus bill that was […]

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On Coronavirus, We’re #1

It’s hard to believe, but just a month ago Donald Trump and his henchmen were dismissing the coronavirus as a nonevent. On Feb. 26 Trump declared that “You have 15 people, and the 15 within a couple of days is going to be close to zero.” His remark came a day after Larry Kudlow, his […]

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Stimulus Money to Protect Elections Falls Short, Critics Say

The $2 trillion stimulus package that was approved by the Senate on Wednesday contains $400 million to address one of the most uncertain impacts of the coronavirus outbreak — its potential to wreak havoc with voting, including the presidential election in November. The figure falls far short of what state officials and voting rights experts […]

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Small Businesses Will Get Help Paying Workers, if They Can Wait

Every day counts for Glynis Donnelly, who owns a jewelry store in Tampa, Fla. Ever since the coronavirus outbreak decimated foot traffic to her store, she has been using her savings to pay her eight part-time employees. “It may not be the most business-smart thing to do,” Ms. Donnelly said, “but I know my employees […]

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Coronavirus Stimulus Package F.A.Q.: Checks, Unemployment and More

The Senate unanimously passed a $2 trillion economic rescue plan on Wednesday that will offer assistance to tens of millions of American households affected by the coronavirus. Its components include stimulus payments to individuals, expanded unemployment coverage that includes the self-employed, and much more. The House of Representatives was expected to quickly take up the […]

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What’s The Best Fix For a Recession?

Listen and subscribe to our podcast from your mobile device: Apple Podcasts | Spotify | Google Play | RadioPublic | Stitcher The coronavirus pandemic has sent financial markets into a tailspin, strained gig economy workers and threatened the survival of businesses large and small. This week on “The Argument,” the columnists debate what policymakers should […]

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White House Considers Postponing Tariffs to Help Businesses: Live Updates

Here’s what you need to know: ImageAn iron and steel plant in Chongqing, China.Credit…Damir Sagolj/Reuters Trump weighs postponing tariff payments to help businesses. The Trump administration is considering postponing tariff payments on some imported goods for 90 days, according to people familiar with the matter, as it looks to ease the burden on businesses hurt […]

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