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“#NY secures $50B in funding from Biden’s $1.9T COVID relief plan” WASHINGTON — More than $50 billion in funding is on its way to New York State as part of President Biden’s enormous $1.9 trillion coronavirus rescue package, The Post has learned. House Speaker Nancy Pelosi notified New York’s Democratic delegation of the generous package…
“#Airlines get $15B in COVID aid to bring back 32,000 workers” The stimulus bill making its way through Congress will give US airlines $15 billion in payroll aid to help them bring back more than 32,000 workers sidelined by the pandemic, according to reports. The money included in the $900 billion spending package lawmakers unveiled Sunday…
“#Tapping Tanden burns Bernie-ites and other commentary” From the left: Tapping Tanden Burns Bernie-ites Neera Tanden, Joe Biden’s pick to run the Office of Management and Budget, “is famous for two things,” notes Matt Taibbi at his TK News site: “Having a puddle of DNC talking points in place of a cerebrum, and despising Bernie…
“#Biden’s push for compromise on relief bill means Cuomo, de Blasio won’t get bailouts” In a fresh sign that Gov. Andrew Cuomo and Mayor Bill de Blasio won’t be getting the vast federal bailouts they’ve been hoping for, President-to-be Joe Biden is reportedly pushing congressional Democrats to settle for a smaller relief bill. “Smaller” is…
“#Why MTA should be first for any federal bailout” The MTA just sent a red alert to anyone who cares about the city’s future: The agency’s out of cash. Riders and workers will pay a steep price — unless New York’s leaders in Congress (looking at you, Chuck Schumer) act wisely. At its board meeting…
“#Biden won’t give them bailout” Mayor Bill de Blasio’s mid-year budget update is due in the next two weeks, but we don’t have to wait in suspense: The mayor demands that President-Elect Biden deliver the dough. But what do the election results really say about the prospects of a full-on bailout for Gotham and New…
“#He warns of job cuts, but instead gives unions favors” In the spring of 2020, as New York City faced a massive decline in revenue and a $10 billion deficit, Mayor Bill de Blasio began warning that budget cuts were imminent and that municipal workers might face layoffs, unless he could get help from the…
“#HCA Healthcare to pay back $6 billion in coronavirus aid” Hospital chain HCA Healthcare plans to pay back about $6 billion in federal coronavirus aid now that it says its financially recovered from the worst of the pandemic. The Nashville-based company says it will return its roughly $1.6 billion share of a $175 billion relief…
“#United, American start furloughs of 32,000 airline workers” Two major US airlines started furloughing more than 32,000 workers Thursday as federal funding to keep them on the payroll ran out. American Airlines said it would sideline some 19,000 employees while United Airlines will furlough more than 13,000 after the feds’ $25 billion Payroll Support Program…
“#Bailouts favor blue states and other commentary” From the right: Bailouts Favor Blue States Federal figures show that March’s $2.2 trillion Cares Act “disproportionately benefited blue states that imposed stricter coronavirus lockdowns and have been slower to recover economically,” notes The Wall Street Journal editorial page. Democratic-run states got nearly twice as much aid per…