congress

President Trump raised the possibility that he could invoke Article 2, Section 3 of the Constitution to adjourn Congress in order to make recess federal appointments, a never-before-used presidential power that Senator Majority Leader Mitch McConnell (R., Ky.) suggested he would not support. Trump proposed during the White House coronavirus press briefing on Wednesday that …

U.S. Small Business Administration loans may dry up by the end of Wednesday even as businesses seek relief from closures brought on by the coronavirus pandemic, Bloomberg has reported. The SBA’s emergency Paycheck Protection Program was established by Congress as part of its $2.2 trillion coronavirus-relief package. The PPP allocated $349 billion for loans to …

The White House is requesting an additional $251 billion for additional small business lending as part of the government’s coronavirus response, eliciting a counter from congressional Democrats asking for $125 billion in targeted aid for farmers, women, minorities, and veteran-owned businesses. “I’ll be asking Congress to provide an additional $250 billion for the paycheck protection, …

Senator Bernie Sanders (I., Vt.) and Representative Alexandria Ocasio-Cortez (D., N.Y.) on Wednesday both threatened a possible delay in voting on the massive $2 trillion economic-stimulus package working its way through Congress. Sanders objected to an amendment proposed on Wednesday afternoon by Senators Ben Sasse (R., Neb.), Lindsey Graham (R., S.C.), and Tim Scott (R., …

Director of the National Economic Council Larry Kudlow speaks to reporters inside the Brady Press Briefing room at the White House, February 13, 2020. White House economic adviser Larry Kudlow on Tuesday projected that the total economic stimulus to be enacted by the federal government will reach $6 trillion. Of the total, $4 trillion will …

Senate Democrats blocked a massive emergency coronavirus funding package from moving forward Sunday evening on the grounds that the package favored corporations over working Americans. The Senate voted 47-to-47 on moving forward with a “shell” bill, a placeholder that the actual final text of the emergency funding bill would eventually fill, short of the 60-votes …

Two more senators made hefty stock sales before the coronavirus pandemic tanked global markets, records revealed as two other lawmakers who dumped millions in shares faced mounting calls to resign. Sens. Dianne Feinstein and Jim Inhofe sold as much as $6.4 million worth of stock in the weeks before panic about the coronavirus sparked a …

Majority Leader Mitch McConnell (R., Ky.) and Senate Republicans released the text for their massive phase-three coronavirus relief package Thursday, outlining a trillion-dollar plan that includes direct payments of $1,200 per person and $2,400 for couples to help offset economic losses amid the growing pandemic. McConnell said the “Coronavirus Aid, Relief, & Economic Security Act” …

Two members of Congress announced Wednesday that they have been diagnosed with Chinese virus

Congress on Wednesday sent a $104 billion aid package to President Trump’s desk even as lawmakers mull a third, broader stimulus plan to slow the spread of the COVID-19 pandemic and bring relief to sectors of the economy that have been battered by the resulting crisis. By a 90–8 vote, the Senate passed the Families …