In a bid to buy stakes in the video app TikTok, US regulators are drafting a deal with ByteDance Ltd., in order to solve security issues. Oracle Corp., and other companies leading the deal are expecting a delay in the matters to get resolved, and are ready for it to be dragged until after the […]
Tag: Breaking News: Politics
Eric Rosengren says Fed ‘has acted quickly’ as markets froze
Boston Federal Reserve President Eric Rosengren said Wednesday the central bank moved rapidly to address deterioration across multiple parts of the financial market that were crippled due to the coronavirus crisis. “At the central bank we’re focused on addressing, and blunting, the economic effects of the pandemic,” Rosengren said in remarks prepared for an online […]
House passes relief bill, sends to Trump
President Donald Trump signed a $2 trillion coronavirus relief bill on Friday, as Washington tries to blunt economic destruction from the pandemic ripping through the United States. The House earlier passed the stimulus package, believed to be the largest in U.S. history, by voice vote, which simply measures if more lawmakers shout for “aye” or “nay” on […]
Trump mocks virus fear for Romney, Avenatti
U.S. President Donald Trump pauses during a Coronavirus Task Force news conference in the briefing room of the White House in Washington, D.C., U.S., on Sunday, March 22, 2020. Jim Lo Scalzo | Bloomberg | Getty Images President Donald Trump, in the midst of the biggest global health crisis in a century, on Wednesday morning […]
Congress is closing in on a deal
Democrats and Republicans are closing in on a massive stimulus package to combat the economic impact of the coronavirus. In perhaps the biggest signal that an agreement was close, House Speaker Nancy Pelosi, D-Calif., told CNBC on Tuesday morning that there is “real optimism” Congress can clinch a pact within a few hours. Senate Majority Leader […]
GOP bill fails in key Senate procedural vote
A massive funding package to combat the impact of coronavirus did not get enough votes in a key Senate procedural vote Sunday evening. The stalemate came hours after Democratic leaders warned that the bill did too much to bail out companies and not enough to help workers. Stock futures cratered as the two parties failed to […]
Pence tests negative for coronavirus
US Vice President Mike Pence speaks during the daily briefing on the novel coronavirus, COVID-19, at the White House on March 21, 2020, in Washington, DC. Jim Watson | AFP | Getty Imags Vice President Mike Pence has tested negative for the coronavirus, his press secretary said. Second Lady Karen Pence also tested negative. The vice president […]
US, Mexico restrict non-essential cross-border travel
The U.S. and Mexico have agreed to restrict all non-essential travel across their border, the Trump administration announced Friday. Members of the White House coronavirus task force also said that people who enter the country from Mexico and Canada without proper documentation will be immediately turned away from the United States’ borders. The announcement came two […]
IRS extends tax filing deadline to July 15
Treasury Secretary Steven Mnuchin prepares to deliver remarks on the coronavirus relief package after the Senate Republican Policy luncheon in Russell Building on Tuesday, March 17, 2020. Tom Williams | CQ-Roll Call | Getty Images The IRS is extending the federal income tax filing deadline to July 15 as part of a growing effort to […]
Trump’s argument for reelection is collapsing
President Donald Trump speaks at a Make America Great Again rally at the Civic Center in Charleston, West Virginia. Leah Millis | Reuters WASHINGTON — Looking back now, the night of Feb. 4 was probably the pinnacle of Donald Trump’s presidency. A few minutes past 9 p.m. ET, Trump entered the ornate House Chamber and then […]